Hang Seng Index Opens 0.22% Higher, Tech Index Up 0.26%; Innovative Drug Stocks Active, Property Shares Extend Gains

Deep News
Nov 12

U.S. stocks showed mixed performance on Tuesday as softer employment data fueled expectations of interest rate cuts. The Dow Jones Industrial Average hit another record high, while tech stocks retreated, dragging the Nasdaq lower. The three major indices closed with divergent movements. The U.S. dollar weakened, and the 10-year Treasury yield held steady at 4.12%. Gold prices rose, and oil prices also advanced.

Hong Kong's three major indices opened higher today. The Hang Seng Index gained 0.22% to 26,754.939, the Hang Seng Tech Index rose 0.26%, and the Hang Seng China Enterprises Index climbed 0.30%. Among sectors, tech stocks were mixed—NetEase and Lenovo rose over 1%, while Alibaba fell more than 2%. Most innovative drug stocks gained, with BeiGene surging over 32%. Property stocks remained active, with Shimao Group up more than 1%. Some auto stocks opened higher, with XPeng Motors rising over 2%.

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