The Hang Seng Index opened slightly higher, SMIC rose nearly 3%, precious metal stocks faced selling pressure, and 6 new stocks are in fierce competition | Hong Kong stock market opens

After the surge in precious metals, profit-taking has emerged, with spot gold prices falling over 4% to $4,331.48 on Monday, and slightly rebounding this morning, up about 0.2% to $4,339; spot silver prices plummeted nearly 9% to $72.15 on Monday, rebounding about 1% to $72.85 this morning. The market's tense sentiment also dragged down the stock market, with all three major U.S. indices collectively declining. The Dow Jones fell 249 points or 0.51% to 48,461 points; the S&P 500 dropped 24 points or 0.35% to 6,905 points; and the Nasdaq fell 118 points or 0.5% to 23,474 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it fell 0.67% to 7,636 points.Tesla's Cybertruck Continues to Be DelayedAmong the focus stocks, Tesla (TSLA) continues to delay its Cybertruck project, with its stock price dropping 3.3% to $459.64 on Monday. South Korean battery materials supplier L&F stated that the supply contract amount of 38.3 trillion won signed with Tesla in February 2023 has been reduced by 99%; the materials were originally planned for use in Cybertruck batteries, but delays in the model and shifts in consumer preferences have led to a sharp decline in actual demand.In the Hong Kong stock market, the Hang Seng Index opened up 1 point this morning, reporting 25,636 points. Tech stocks showed mixed developments, with Alibaba (9988) unchanged; Tencent (700) up 0.3%; Meituan (3690) down 0.2%; JD.com (9618) up 0.8%; Baidu (9888) rising over 3%; and Xiaomi (1810) unchanged.As the precious metals frenzy recedes, related stocks have fallen, with Zhihui Mining (2546) down over 6%; Ganfeng Lithium (1772) down 5.7%; and Luoyang Molybdenum (3993) also down 2%. Additionally, Jiangxi Copper (358) fell over 4%; Zijin Mining (2899) down 2.2%; Zijin Gold International (2259) down 2.4%; and China Silver (815) down 2.8%.SMIC Acquires 49% Stake in North China Semiconductor for 40.6 Billion YuanIn individual stock news, SMIC (981) plans to issue shares to five shareholders of North China Semiconductor, including the National Integrated Circuit Fund, to purchase their 49% stake in the target company, with a transaction price of approximately 40.6 billion yuan; upon completion, SMIC will hold 100% of North China Semiconductor. The stock opened at 71.5 yuan, up 2.8%.Envision AESC's Public Offering Oversubscribed by 1,426 TimesIn the new stock market, six new stocks are listed today, among which Envision AESC (3696) recorded an oversubscription of 1,426 times in its public offering, with a 1% chance of winning a lot, and the international offering oversubscribed over 25 times.Lin Qingxuan (2657) recorded an oversubscription of over 1,234 times in its public offering, with a 2% chance of winning a lot, and the international offering oversubscribed over 18 times.Woan Robotics (6600) recorded an oversubscription of about 253 times in its public offering, with a 7% chance of winning a lot, and the international offering oversubscribed 7.9 timesWuyi Vision (6651) recorded a public offering subscription of approximately 255 times, with a first-hand winning rate of 10%, and an international offering oversubscription of 1.6 times.MeiLian Holdings (2671) recorded a public offering subscription of approximately 145 times, with a first-hand winning rate of 0.75%, and an international offering oversubscription of 0.48 times.XunCe (3317) recorded a public offering subscription of approximately 6.2 times, with a first-hand winning rate of about 13%, and an international offering oversubscription of 2.1 times.Regarding the direction of northbound capital, there was a net sell of HKD 3.414 billion in Hong Kong stocks yesterday, with China Merchants Bank (3968), Hua Hong Semiconductor (1347), and Jiangxi Copper (358) receiving net purchases of HKD 971 million, HKD 262 million, and HKD 22.59 million respectively; while China Mobile (941), Alibaba (9988), and Zijin Mining (2899) faced net sells of HKD 1.45 billion, HKD 1.024 billion, and HKD 622 million respectively