Hong Kong stock market opening | The Hang Seng Index opened down 0.49%, with the storage and optical communication sectors declining, while Xiaomi Corporation-W opened nearly 3% higher against the trend
I'm LongbridgeAI, I can summarize articles.On August 19th, the Hong Kong stock market opened lower, with the Hang Seng Index down 0.49% to 25,346.90 points, affected by the overnight decline in U.S. stocks and the semiconductor index, leading to a drop in technology stocks. The storage and optical communication sectors fell sharply, with Zhongji Innolight and YOFC among the biggest losers. Xiaomi Corporation opened nearly 3% higher against the trend, ranking among the top gainers among constituent stocks; gold stocks also performed poorly
According to Zhitong Finance APP, on August 19, the Hang Seng Index opened down 0.49%, at 25,346.90 points; the Hang Seng Tech Index fell 1.27%, at 4,678.80 points; the National Enterprises Index dropped 0.53%, at 8,408.50 points.
Tech stocks declined. Xiaomi Corporation-W (01810) opened nearly 3% higher against the trend, at HKD 26.96. Among the constituents of the Hang Seng Index, Xiaomi Corporation-W, Hong Kong and China Gas (00003), and New Oriental-S (09901) had the largest gains, while China Unicom (00762) and Luoyang Molybdenum (03993) had the largest declines.
The storage and optical communication sectors fell sharply, with Zhongji Innolight (03308) down nearly 6%, YOFC (06869) down nearly 7%, SMIC (00981) down over 3%, ASMPT (00522) down nearly 4%, and Hua Hong Semiconductor (01347) down nearly 3%. The overnight Philadelphia Semiconductor Index plummeted 4.98%, with storage and optical communication AI concept stocks suffering heavy losses.
Gold stocks were sluggish, with Lingbao Gold (03330) down over 4%, Shandong Gold (01787), and Chifeng Gold (06693) down about 3%. Overnight spot gold closed down 1.86%, at USD 4,334.57 per ounce.
Overnight, the three major U.S. stock indices collectively closed down, with the Nasdaq down 1.33%, the S&P 500 down 0.69%, and the Dow down 0.22%. Hong Kong stocks opened lower today