Market Brief: Hang Seng Index Opens 0.44% Higher, Tech Index Up 0.91%, Auto Stocks Active, Baidu Rises Nearly 7%, 160 Health Surges Over 152% on Listing Debut

Deep News
10 hours ago

US stocks declined repeatedly on Tuesday as markets awaited news from the Federal Reserve's interest rate meeting. The market briefly hit new highs mid-session, with the S&P 500 and Nasdaq reaching record highs before retreating, with all three major indices closing lower. The US dollar weakened, the 10-year Treasury yield remained around 4.03%, gold prices continued their strong performance, and oil prices also showed positive momentum.

Hong Kong's three major indices opened collectively higher today. The Hang Seng Index rose 0.44% to 26,554.19 points, the Hang Seng Tech Index gained 0.91%, and the H-shares Index increased 0.52%. On the trading floor, technology stocks showed mixed performance with Baidu climbing nearly 7%, JD.com rising over 3%, Alibaba advancing more than 2%, while NetEase fell over 1%. The innovative drug concept warmed up with Syncore Biotechnology rising over 5%. Auto stocks were active with NIO surging over 7%. Brain-computer interface concept stocks saw widespread gains, with Brainhole Technology advancing over 5%. 160 Health soared over 152% on its first day of trading.

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