Hong Kong stock market opening | Hang Seng Index opened down 0.6%, gold stocks strengthened, Zai Lab rose over 8%
I'm LongbridgeAI, I can summarize articles.On August 12, the Hong Kong stock market opened lower, dragged down by the overnight decline in U.S. stocks and Chinese concept stocks, with the Hang Seng Index opening down 0.6% at 25,498.39 points. The Hang Seng TECH Index fell 0.8%, and the Hang Seng China Enterprises Index dropped 0.57%. In terms of sectors, gold stocks generally strengthened, with Zijin Mining and China Gold rising over 2%; pharmaceutical stocks performed well, with Zai Lab increasing over 8%; some AI and semiconductor concept stocks rose. Most tech stocks fell, with major internet giants Tencent, Alibaba, and JD.com all dropping over 1%
According to Zhitong Finance APP, on August 12, the Hang Seng Index opened down 0.6%, at 25,498.39 points; the Hang Seng TECH Index fell 0.8%, at 4,785.75 points; the Hang Seng China Enterprises Index dropped 0.57%, at 8,479.60 points. The pre-market turnover was HKD 2.17 billion.
Gold stocks strengthened, with Zijin Mining (02259) rising over 2%, China Gold International (02099) up over 2%, Lingbao Gold (03330) increasing over 2%, Laopuhuang Gold (06181) gaining nearly 2%, and Shandong Gold (01787) rising over 1%.
Pharmaceutical stocks also strengthened, with Zai Lab (09688) up over 8% and WuXi AppTec (02268) rising over 1%, driven by Zai Lab's overnight rise of over 10% in the U.S. stock market.
Some AI and semiconductor concept stocks strengthened, with MINIMAX-W (00100) rising nearly 3%, Cambridge Technology (06166) up over 2%, Lattice Semiconductor (06809) increasing over 2%, and GigaDevice (03986) rising over 2%. The Philadelphia Semiconductor Index rose 0.87% overnight.
Most tech stocks fell, with Alibaba-W (09988) down over 1%, JD.com-SW (09618) falling over 1%, NetEase-SW (09999) dropping over 1%, Tencent (00700) down over 1%, Bilibili-W (09626) falling over 1%, Meituan-W (03690) down nearly 1%, and Xiaomi Group-W (01810) dropping nearly 1%.
Affected by the overnight decline of all three major U.S. stock indices and the 2.94% drop in the Golden Dragon Index of Chinese concept stocks, Hong Kong stocks opened lower today