"Hong Kong Stocks" Hang Seng Index opened lower by 184 points, airline stocks under pressure, CATHAY JUNAN I dropped over 6%

Negotiations between the United States and Iran over nuclear issues have yielded no results, and the U.S. has announced a blockade of the Strait of Hormuz, causing oil prices to rise above $100. The Hong Kong stock market opened lower, with the Hang Seng Index down 184 points or 0.7%, at 25,708 points; the National Index down 48 points or 0.6%, at 8,606 points; and the Hang Seng Tech Index down 33 points or 0.7%, at 4,826 points.

In the oil sector, CNOOC (00883.HK) opened up 1.7%. Airline stocks China Southern Airlines (01055.HK), China Eastern Airlines (00670.HK), and Air China (00753.HK) opened down 2.3% to 2.4%. Cathay Pacific (00293.HK) announced flight reductions in response to high oil prices, with its stock opening down 1.7%. Affected by regional tensions and oil price fluctuations, several express delivery companies in mainland China have raised prices, with ZTO Express (02057.HK) opening down 0.3%, JD Logistics (02618.HK) and J&T Express (01519.HK) each opening down 0.8%, and SF Express (06936.HK) flat at HKD 35.5.

The Hong Kong Monetary Authority has issued the first two stablecoin issuer licenses to a joint venture led by HSBC and Standard Chartered, with HSBC (00005.HK) and Standard Chartered (02888.HK) opening down 0.9% and 1.3%, respectively. Guotai Junan International (01788.HK) opened down 6.5%. In other financial stocks, Hong Kong Exchanges and Clearing (00388.HK) opened down 1%, and AIA (01299.HK) opened down 2.1%.

MiniMax M2.7 is globally open-source and is the first self-evolving model, with MiniMax (00100.HK) opening up 3%. Zhizhu (02513.HK) opened up 1%. In other tech stocks, Tencent (00700.HK), Alibaba (09988.HK), and Meituan (03690.HK) opened down 0.8% to 1.2%, while NetEase (09999.HK) and Baidu (09888.HK) opened down 2% and 3%, respectively. Kuaishou (01024.HK) opened down 0.3%, while JD (09618.HK) and Bilibili (09626.HK) opened up 0.7% and 1%, respectively. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) opened down 1.5% and 1.1%.

GAC (02238.HK) is about to mass-produce embodied intelligent robots, with the stock opening flat at HKD 3.18. In other automotive stocks, Geely (00175.HK) and BYD (01211.HK) opened up 0.7%, Xiaomi (01810.HK) opened down 0.6%, and Nio (09866.HK) opened up 4.2%