Hong Kong stock market opening | Hang Seng Index opened up 1.11%, gold stocks and innovative drug concepts strengthened, EVEREST MED-B opened up nearly 15%
I'm LongbridgeAI, I can summarize articles.Affected by the U.S. Treasury's expansion of long-term Treasury bond repurchases, which led to a decline in U.S. bond yields, Hong Kong stocks opened higher on August 20. The Hang Seng Index rose by 1.11%, and the Hang Seng TECH Index increased by 1.69%. In terms of sectors, gold stocks surged significantly, with spot and futures gold prices rising; innovative drug concept stocks performed actively, with EVEREST MED-B opening nearly 15% higher; tech stocks generally rose, with NTES, JD, and MEITUAN all experiencing varying degrees of increase. Overnight, the three major U.S. stock indices collectively closed higher
According to Zhitong Finance APP, on August 20, the Hang Seng Index opened up 1.11%, at 25,779.08 points; the Hang Seng TECH Index rose 1.69%, at 4,761.17 points; the National Enterprises Index increased by 1.27%, at 8,579.08 points. The pre-market turnover was HKD 3.455 billion.
Gold stocks surged significantly, with Zijin Mining International (02259) rising over 8%, Lingbao Gold (03330) up over 7%, China Gold International (02099) and Laopu Gold (06181) increasing nearly 7%, Shandong Gold (01787) up over 6%, and Chifeng Gold (06693) rising over 5%. Overnight spot gold rose about 3.5%, priced at USD 4,484 per ounce; COMEX gold futures increased by about 4.4%, returning above USD 4,500 per ounce.
Innovative drug concept stocks opened high, with Everest Med-B (01952) opening nearly 15% higher, Jinkang Pharmaceutical-B (02595) rising over 5%, and Fosun Pharma (02196) increasing over 4%. Overnight, U.S. stocks in the vaccine/innovative drug sector surged, with Moderna rising nearly 177%.
Tech stocks generally rose, with NetEase-S (09999) up over 3%, JD Group-SW (09618) nearly 3% higher, Meituan-W (03690) up over 2%, and Alibaba-W (09988) and Tencent Holdings (00700) rising nearly 2%.
Overnight, the three major U.S. stock indices collectively closed higher, with the Dow Jones up 0.22%, the S&P 500 Index up 0.21%, and the Nasdaq up 0.16%. The Nasdaq Golden Dragon China Index rose 1.51%; the U.S. Treasury Department's expansion of long-term bond repurchases pushed U.S. bond yields lower, leading to a higher opening for Hong Kong stocks today