Market Opening: Hang Seng Index Up 0.09%, Tech Index Gains 0.4%, Chinese Brokerages Rally, Biotech Stocks Extend Gains, NIO Surges Over 5%

Deep News
Aug 18

U.S. markets showed mixed performance on Friday as economic data came in with varied results. Markets remained cautious ahead of potential developments in U.S.-Russia leadership discussions. The three major indices closed with mixed results. The U.S. dollar weakened, while the 10-year Treasury yield climbed back to 4.32%. Gold prices retreated and oil prices also showed weakness.

Hong Kong's three major indices opened higher today. The Hang Seng Index rose 0.09% to 25,293.34 points, the Hang Seng Tech Index gained 0.40%, and the Hang Seng China Enterprises Index advanced 0.21%.

On the trading floor, technology stocks showed mixed performance. Bilibili rose over 2%, while JD.com and Baidu gained more than 1%. Lenovo declined nearly 1%. Chinese brokerage stocks posted broad gains, with Guolian Securities rising over 2%. Innovative pharmaceutical concepts mostly opened higher, with Hansoh Pharma gaining over 2%. Gold mining stocks were active, with China Gold International up more than 1%. New energy vehicle stocks showed partial gains, with NIO surging over 5%.

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