HSI Opens Up 302 pts; TENCENT Opens 2%+ Higher, Zijin Series Soars 4%+
AASTOCKS News·- The Hong Kong stock market opened higher, with the Hang Seng Index up 302 pts or 1.2% at 25,515. - Major dotcom firms and gold mining stocks rallied following relief over US interest rate policies. - TENCENT opened over 2% higher, while ZIJIN MINING and other gold-related stocks surged over 4%.HSI Opens Up 171 pts; TENCENT Gains 1%+; LENOVO GROUP Leaps 3%+
AASTOCKS News·- The Hang Seng Index opened 171 points higher at 25,482 following a positive close in US stock markets. - Major technology stocks and metal mining shares saw upward momentum, with Tencent and Lenovo Group posting notable gains. - Spot gold strength further supported related gold miners and metal stocks in early trading.HSI Opens Down 164 Pts; MEITUAN-W Leaps 2.5% Against Mkt; LONGFOR GROUP Up 5%+
AASTOCKS News·- Influenced by US Federal Reserve Chair Kevin Warsh's stance on inflation and rate hikes, the HSI opened down 164 points at 25,420. - MEITUAN-W bucked the market trend to open 2.52% higher following a 14.4% leap in 2Q revenue, while LONGFOR GROUP surged 5.74% on business projections. - Major tech stocks experienced mixed performance, and resource stocks generally declined amid various corporate earnings reports.