"Hong Kong Stocks" The Hang Seng Index opened 105 points higher, HSBC hits a new high again, weighted technology, resources, and local real estate stocks perform well

The three major U.S. stock indices had mixed developments last week, with the S&P 500 index and Nasdaq rising by 0.1% and 0.5% respectively, marking the third increase in the past four weeks, while the Dow Jones fell slightly by 0.7%, ending a three-week upward trend. This week, U.S. stock trading hours are shortened, with a half-day market on Wednesday (24th) for Christmas Eve, a market closure on Thursday (25th) for Christmas, and a reopening on Friday (26th).

Hong Kong stocks opened higher this morning (22nd), with the Hang Seng Index up 105 points or 0.4%, at 25,795 points; the National Index up 43 points or 0.5%, at 8,944 points. The Hang Seng Tech Index opened up 33 points or 0.6%, at 5,512 points.

Major tech stocks opened slightly higher, with Meituan-W (03690.HK) up 1.5%, Tencent (00700.HK), KUAISHOU-W (01024.HK), Baidu-SW (09888.HK), and Alibaba-W (09988.HK) opening up 0.5% to 1%.

Major financial stocks showed mixed results, with HSBC (00005.HK) opening up 1%, reaching a historical high of 120.5 HKD after dividend. AIA (01299.HK) opened flat, while Hong Kong Exchanges and Clearing (00388.HK) opened down 1.5%. Resource stocks performed well, with China Hongqiao (01378.HK) and Zijin (02899.HK) opening up 1.5% to 1.9%.

China Shenhua (01088.HK) is acquiring parent company assets for a total price of 133.6 billion RMB, with 30% to be paid through the issuance of consideration shares and the remaining 70% in cash. The company plans to raise 20 billion RMB through A-share issuance, and Shenhua's H-shares opened up 1.5% at 40.28 HKD.

Local property stocks CK ASSET (01113.HK) and Henderson Land (00012.HK) opened up 0.9% to 1.3%, while Sun Hung Kai Properties (00016.HK) opened up 0.7%