The Hang Seng Index once rebounded by 350 points but is now down over 200 points, with heavyweight tech stocks dragging the market down. KUAISHOU, Baidu, and Tencent fell by 5% to 6%

U.S. President Trump stated that negotiations with Iran regarding the nuclear agreement will take place in the coming days. Precious metal prices rebounded, with spot gold rising 2.2% to $4,762 per ounce. Spot silver increased by 4.2% to $82.53 per ounce. The U.S. stock market rebounded the previous night (2nd), with the Dow Jones Industrial Average rising by 515 points or 1.05%, and the S&P 500 and Nasdaq increasing by 0.54% and 0.56%, respectively.

Hong Kong stocks opened higher this morning (3rd), with the Hang Seng Index opening up 220 points, initially rising by 350 points to a high of 27,126 points, but the gains quickly narrowed, currently down 203 points or about 0.7%, at 26,571 points, with a turnover of HKD 111.427 billion.

Heavyweight technology stocks dragged down the market, with KUAISHOU-W (01024.HK) currently at HKD 72.1, down 6.36%, the largest decline among blue chips, with a turnover of HKD 1.413 billion. BIDU-SW (09888.HK) is currently at HKD 138.4, down 5.66%, with a turnover of HKD 767 million. TENCENT (00700.HK) is currently at HKD 568, down 5.1%, with a turnover of HKD 11.519 billion. ALIBABA-W (09988.HK) is at HKD 156.6, down 4.1%, with a turnover of HKD 6.245 billion.

MEITUAN-W (03690.HK) is currently at HKD 92.75, down 2.21%, with a turnover of HKD 1.11 billion. JD-SW (09618.HK) is currently at HKD 108.5, down 1.81%, with a turnover of HKD 286 million. XIAOMI-W (01810.HK) is currently at HKD 34.6, down 1.31%, with a turnover of HKD 1.095 billion