"Hong Kong Stocks" The Hang Seng Index opened high at 171 points, Alibaba rose by 2%, WuXi Biologics showed weakness

The number of new unemployment claims in the U.S. unexpectedly fell last week, and the Dow Jones Industrial Average rose 292 points or 0.6% overnight. The People's Bank of China announced measures yesterday (15th) to lower interest rates on various structural monetary policy tools, leading the Hang Seng Index to open 171 points or 0.6% higher this morning, at 27,094 points; the National Index opened 63 points or 0.7% higher at 9,330 points; and the Hang Seng Tech Index opened 55 points or 0.9% higher at 5,883 points.

Kuaishou (01024.HK) issued USD 1.5 billion and CNY 3.5 billion in senior notes, with its stock opening 1.6% higher at HKD 80.85. In other tech stocks, Alibaba (09988.HK) opened 2% higher at HKD 167.9, Tencent (00700.HK), Meituan (03690.HK), and Bilibili (09626.HK) opened 0.8% and 1.1% higher, while JD.com (09618.HK) and Baidu (09888.HK) opened 0.5% lower, and NetEase (09999.HK) opened flat at HKD 213.4. Among chip stocks, SMIC (00981.HK) and Hua Hong (01347.HK) opened 1.9% and 1.6% higher.

In the automotive sector, Nio (09863.HK) CEO Li Bin stated that the company delivered 40,000 ES8s last quarter and is expected to achieve its profit target, with its stock opening 0.6% higher. Xiaomi (01810.HK) launched a seven-year low-interest car purchase plan with monthly payments of less than CNY 2,600, opening 0.4% higher. BYD (01211.HK) opened 1.9% higher at HKD 101, while Geely (00175.HK), Li Auto (02015.HK), Leapmotor (09863.HK), and XPeng (09868.HK) opened 0.7% to 0.9% higher.

According to reports, CK Hutchison (00001.HK) is seeking to list Watsons in Hong Kong and London as early as next quarter, with a target valuation of USD 30 billion, and CK Hutchison opened 2.2% higher at HKD 60.75. WuXi Biologics (02269.HK) major shareholder Biologics reduced its stake at a discount of 3.7%, raising over CNY 5.7 billion, with WuXi Biologics opening 3.4% lower at HKD 38.66. In the financial sector, HSBC (00005.HK) opened 0.6% higher at HKD 129, Hong Kong Exchanges and Clearing (00388.HK) opened 0.2% higher, while AIA (01299.HK) opened 0.6% lower.

China Molybdenum (03993.HK) expects its annual net profit to increase by at least 47% to CNY 20 billion, with its stock opening 1% higher at HKD 22.62. YouRan Agriculture (09858.HK) is offering a discount of over 8.8% for a rights issue to its controlling shareholder Yili, raising a total of CNY 2.346 billion, with the stock opening 5.1% lower at HKD 4.08