"Hong Kong Stocks" Hang Seng Index opened high at 1 point, Baidu and SMIC performed well, commodity stocks under pressure

U.S. tech stocks retreated, with the U.S. stock market falling on the evening of the 29th, the Dow Jones down 249 points or 0.5%. The Hong Kong stock market opened higher in the morning, with the Hang Seng Index opening up 1 point at 25,636 points; the National Index opened up 10 points or 0.1%, at 8,902 points; the Hang Seng Tech Index opened up 20 points or 0.4%, at 5,503 points.

Robot stock Yujian (02432.HK) proposed to list on the Shenzhen Stock Exchange for the first time, with its stock price opening up 4.3% at HKD 35.36. Peer company UBTECH (09880.HK) announced that its chairman would not reduce his shareholding within a year, with its stock price opening up 1.5% at HKD 121.3. Chip stock SMIC (00981.HK) acquired a 49% stake in SMIC North for a final consideration of RMB 40.6 billion, with SMIC opening up 2.8%. Dianping will distribute 45 million large consumption vouchers from today until Friday (2nd), with Meituan (03690.HK) opening down 0.2% at HKD 104.

In other tech stocks, Alibaba (09988.HK) opened flat at HKD 143.3, Tencent (00700.HK) opened up 0.3% at HKD 598.5, JD.com (09618.HK) opened up 0.8%, Baidu (09888.HK) opened up 3.1%, and NetEase (09999.HK) and Kuaishou (01024.HK) opened down 0.6% and 0.5%, respectively. In the automotive sector, Xiaomi (01810.HK) opened flat at HKD 38.58, Nio (09866.HK) opened up 5.2%, Geely (00175.HK) and BYD (01211.HK) each opened up 0.3%, while Li Auto (02015.HK) and XPeng (09868.HK) each opened down 0.1%.

Commodity prices plummeted, with gold stocks Shandong Gold (01787.HK) and Zijin (02899.HK) opening down 2% and 2.2%, respectively, and Zhaojin (01818.HK) opening down 3%. Aluminum stocks Hongqiao (01378.HK) and Chalco (02600.HK) each opened down 2.4%.

In the financial sector, HSBC (00005.HK) opened down 0.6%, Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened down 0.2% and 0.3%, respectively. Labubu blind box second-hand prices have significantly "plummeted," with some styles falling below the original price, with Pop Mart (09992.HK) opening down 0.8% at HKD 198.4.

Ganfeng Lithium (01772.HK) stated that it received a notice of prosecution from the Yichun Public Security Bureau regarding insider trading, which is expected not to affect its operations, with Ganfeng Lithium opening down 5.7% this morning