"Hong Kong Stocks" Hang Seng Index opened high by 1 point, Li Ning rose nearly 2%, and some mainland property stocks rebounded

JP Morgan (JPM.US) predicted that its expenses for next year would exceed market expectations, causing its stock price to drop over 4%, dragging the Dow Jones down by 179 points or 0.4% on the night of the 9th, while the Nasdaq rose by 0.1%. The market is awaiting the Federal Reserve's interest rate decision. In Hong Kong stocks, this morning (10th), the Hang Seng Index opened up 1 point at 25,435 points; the National Index opened up less than 1 point at 8,936 points; the Hang Seng Tech Index opened down 2 points at 5,552 points.

In the tech sector, it was reported that Alibaba-W (09988.HK) established the Qianwen C-end business group, with the primary goal of turning Qianwen into a super app. Alibaba opened down 0.3% at HKD 150.5. Tencent (00700.HK) opened down 0.1% at HKD 602, Meituan-W (03690.HK) and Baidu-SW (09888.HK) opened up 1.1% and 0.9%, respectively, JD-SW (09618.HK) and Bilibili-W (09626.HK) opened down 0.5% and 0.2%, respectively, NetEase (09999.HK) opened down 1.2%, and Kuaishou-W (01024.HK) opened flat at HKD 66.65. In the chip sector, SMIC (00981.HK) opened up 0.7%.

In the auto sector, BYD (01211.HK) opened down 1%, while Xiaomi (01810.HK) opened up 0.1%. Geely (00175.HK) plans to establish a syndicate loan of up to USD 420 million for the privatization of ZEEKR (ZK.US), with Geely opening down 0.1% at HKD 17.5.

In the financial sector, HSBC (00005.HK) opened up 0.5%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened down 0.5% and 0.3%, respectively. China Life (02628.HK) reported that its total premiums for the first 11 months exceeded RMB 700 billion, with China Life opening up 0.4% at HKD 27. Agile (03383.HK) received a winding-up petition involving USD 18.59 million in unpaid debts, with Agile opening down 3.2% at HKD 0.3. Other domestic property stocks, including Yuexiu Property (00123.HK), China Overseas (00688.HK), and Runhua (01109.HK), opened up 0.9% to 1%, while Longfor (00960.HK) opened up 2%.

Extraordinary Leading (00933.HK) further increased its stake in LI NING (02331.HK) to 14.27%, totaling HKD 320 million, with LI NING opening up 1.9% at HKD 17.28