Hong Kong Stocks Open Higher: Tech and Gold Shares Lead Gains, Lenovo Surges Over 14%

Deep News
May 29

US stocks closed moderately higher on Thursday, with all three major indices reaching new record highs. The positive sentiment was supported by reports of a ceasefire agreement between the US and Iran. The US dollar weakened, and the yield on the 10-year US Treasury note fell to around 4.44%. Gold prices rebounded from lower levels, while oil prices faced fluctuating downward pressure.

In Hong Kong, the three major indices opened higher today. The Hang Seng Index rose 0.62% at the open to 25,161.52 points, the Hang Seng Tech Index gained 1.05%, and the Hang Seng China Enterprises Index advanced 0.5%.

Across the board, technology and internet stocks generally opened higher. Lenovo Group surged more than 14%, Baidu rose over 3%, while Kuaishou and Alibaba each gained more than 1%. AI application stocks also opened strong, with Shenyan Zhineng jumping over 12%. Gold stocks showed signs of recovery, with Zijin Mining International climbing over 5%. Lithium battery stocks were mostly higher, with BYD Electronic rising more than 2%. Chuangxiang Sanwei made its market debut today, soaring over 80% on its first day of trading.

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