The Hang Seng Index opened up 1 point, BAO PHARMA-B surged 129% on its debut, and CHI SILVER GP rose 7% | Hong Kong stock market opens

The market is awaiting the results of the U.S. Federal Reserve's interest rate decision, and U.S. stocks showed no clear direction on Tuesday, with the three major indices developing differently. The Dow Jones Industrial Average closed down 179 points or 0.38%, at 47,560 points; the S&P 500 fell 6 points or 0.09%, at 6,840 points; the Nasdaq rose 30 points or 0.13%, at 23,576 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, fell 1.37%, at 7,730 points. Major tech stocks also had mixed results, with Tesla rising 1.27%, Alphabet up 1.07%, Amazon increasing 0.45%, and Microsoft gaining 0.2%; Apple and NVIDIA fell 0.26% and 0.31%, respectively, while Meta dropped 1.48%. JP Morgan fell 4.66%, marking its largest single-day decline since April, after the company's management indicated that it expects to spend $105 billion for the full year of 2026, far exceeding expectations; it also warned that the consumer environment appears slightly fragile. The U.S. Department of Labor's Job Openings and Labor Turnover Survey (JOLTS) showed that job vacancies reached 7.67 million in October, the highest level in five months, exceeding market expectations of 7.15 million. Kevin Hassett, a popular candidate for the next Federal Reserve Chair and Director of the White House Council of Economic Advisers, stated that the Federal Reserve "has ample room" to significantly cut interest rates, meaning a reduction greater than 0.25%. Meituan rises 1%, JD.com falls 0.52% In Hong Kong stocks, the Hang Seng Index opened 1 point higher this morning, at 25,435 points. Tech stocks developed differently, with Meituan (3690) rising 1.07%; Baidu (9888) up 0.9%; Tencent (700) slightly down 0.08%; Alibaba (9988) falling 0.26%; and NetEase (9999) down 1.22%. Lai Sun Development (488) announced the sale of a 50% stake in the China Construction Bank Building for nearly HKD 3.5 billion. Reports indicate that the buyer is a subsidiary of JD.com (9618). JD.com fell 0.52%, while Lai Sun Development rose 4.76%. Related article: Lai Sun Development confirms the sale of the Central China Construction Bank Building for nearly HKD 3.5 billion; the group states it will significantly improve financial conditions, with the buyer reportedly being JD.com. Baoji Pharma (2659) was newly listed today, opening at HKD 60.5, which is 129.34% higher than the offering price of HKD 26.38. Silver prices reached a new high, with spot silver first surpassing $60. China Silver Group (815) rose 7.46%. Regarding the northbound capital flow, there was a net purchase of HKD 531 million in Hong Kong stocks yesterday. Tencent (700), Xiaomi (1810), and Alibaba (9988) received net purchases of HKD 878 million, HKD 540 million, and HKD 425 million, respectively; while Pop Mart (9992), SMIC (981), and Sanofi (1530) faced net sales of HKD 574 million, HKD 118 million, and HKD 91.39 million, respectively