U.S. stocks closed lower on Thursday as a sharp rise in corporate layoffs fueled concerns about the economic outlook, with all three major indices ending in the red. The dollar retreated from recent highs, while the 10-year Treasury yield fell to 4.08%. Gold prices came under pressure, and oil prices also trended downward.
Today, Hong Kong's three major indices opened lower. The Hang Seng Index (HSI) dropped 0.51% to 26,350.74, the Hang Seng Tech Index fell 0.83%, and the Hang Seng China Enterprises Index declined 0.46%.
In sector performance, most tech stocks declined, with JD.com down over 2%, while Meituan, Kuaishou, Bilibili, and Alibaba each fell more than 1%. Gaming stocks opened higher, with Melco International Development rising over 2%. Chip stocks weakened, with Hua Hong Semiconductor dropping more than 3%. Apple-related stocks also opened lower, with FIT Hon Teng down over 2%.