"Hong Kong Stocks" Hang Seng Index opened lower by 199 points, Sands China fell by 5%

The market digests the quarterly results of several U.S. technology stocks, with little change in the S&P 500 index and Nasdaq futures. After six consecutive rises, the Hong Kong stock market opened lower, with the Hang Seng Index down 199 points or 0.7%, at 27,627 points; the National Index down 60 points or 0.6%, at 9,452 points; and the Hang Seng Tech Index down 46 points or 0.8%, at 5,853 points.

SANDS CHINA LTD (01928.HK) reported a 16.4% year-on-year increase in net income for the fourth quarter last year, with adjusted property EBITDA rising 6.5%, falling short of expectations. Citi noted that the company's EBITDA profit margin dropped by 2.7 percentage points to 29.6% last quarter, and SANDS CHINA LTD's stock price opened down 5% at HKD 17.9. Galaxy Entertainment Group (00027.HK) opened down 1.4%. New Oriental (09901.HK) expects quarterly revenue to increase by 11% to 14%, raising its full-year forecast, with its stock price opening up 1% at HKD 45.16. Dongfang Zhenxuan (01797.HK) turned a mid-term loss into a profit of HKD 239 million, with its stock price opening up 1.8%.

Gold prices once approached USD 5,600. Silver prices hit a new high, with Shandong Gold (01787.HK) and Zhaojin (018180.HK) opening up 4.4% and 3%, respectively. China Gold International (02099.HK) opened up 3.9%, and China Silver (00815.HK) opened up 3.7%. Zijin Mining (02899.HK) and Zijin Gold International (02259.HK) opened up 1.9%.

The Ministry of Industry and Information Technology held a symposium for entrepreneurs in the photovoltaic industry, urging the industry to resolutely break away from "involution" competition. GCL-Poly Energy (03800.HK) opened down 0.9%, and Xinyi Solar (00968.HK) opened down 0.6%. Yuehai Investment (00270.HK) expects a 43% year-on-year increase in comprehensive profit for the year, with its stock price opening up 1.1%.

U.S. Treasury Secretary Janet Yellen reiterated the strong dollar policy, stabilizing the dollar. Hang Lung Properties (00012.HK), Henderson Land (00101.HK), and China Overseas Land & Investment (00688.HK) opened down 1% to 1.4%, while Sun Hung Kai Properties (01109.HK) and China Resources Land (01209.HK) opened down over 2%. MTR Corporation (00066.HK) and CK Hutchison Holdings (00001.HK) opened down 2% and 1.3%, respectively. In the financial sector, HSBC Holdings (00005.HK) opened down 1.7%, Hong Kong Exchanges and Clearing (00388.HK) opened down 1%, and AIA Group (01299.HK) opened up 1.1%.

In the technology sector, Tencent (00700.HK), Meituan (03690.HK), Baidu (09888.HK), and Alibaba (09988.HK) opened down 1% to 1.4%, while Kuaishou (01024.HK) and NetEase (09999.HK) opened down 0.4% and 0.5%, respectively. JD.com (09618.HK) opened down 2.3% OSL Group (00863.HK) recorded a large order for U disks at the market, involving 104.7 million shares, priced at HKD 14.9 per share, totaling HKD 1.49 billion. The stock opened down 4.6% at HKD 17.18