Hong Kong Indexes Open Higher with Hang Seng Up 1.08%, Tech Index Gains 1.31%; Tech and Gold Stocks Rise Broadly, Chinese Brokerages Active, XUANZHUBIO-B Surges 154% on Debut

Deep News
Oct 15

US stocks showed mixed performance on Tuesday, with markets initially pressured by trade war concerns causing sharp declines in early trading. However, after the Federal Reserve Chairman indicated that the job market was under pressure and the central bank might halt the reduction of its balance sheet size, markets recovered from lows. The three major indexes closed with mixed results. The US dollar weakened, while the 10-year Treasury yield declined to 4.03%. Gold prices continued to hit new highs, and oil prices stabilized at low levels.

Hong Kong's three major indexes opened collectively higher today. The Hang Seng Index rose 1.08% to 25,714.89 points, the Hang Seng Tech Index gained 1.31%, and the H-shares Index advanced 1.19%.

Across sectors, technology stocks posted broad gains, with Bilibili and JD.com rising over 2%, while Alibaba, Meituan, and Xiaomi climbed more than 1%. Gold stocks also saw widespread increases, with Chifeng Jilong rising over 4%. Chinese brokerage stocks generally opened higher, with Orient Securities advancing over 1%. Most innovative pharmaceutical concepts gained ground, with BeiGene rising over 2%. Auto stocks were active, with GAC Group surging over 3%. XUANZHUBIO-B opened 153.97% higher on its first trading day.

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