The Hang Seng Index opened up 155 points, KUAISHOU-W rose nearly 2%, and XD INC plans to repurchase, up 4% | Hong Kong stock market opens

The ISM Manufacturing Index in the United States fell from 48.2 to 47.9 last month, remaining below the 50 level for ten consecutive months and marking the largest decline since 2024. However, poor economic data has stimulated expectations for interest rate cuts, leading all three major U.S. stock indices to rise on Monday. The Dow Jones Industrial Average rose by 594 points or 1.23%, closing at 48,977 points; the S&P 500 rose by 43 points or 0.64%, closing at 6,902 points; and the Nasdaq rose by 160 points or 0.69%, closing at 23,395 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it rose by 0.49% to 7,898 points on Monday.Gold and Silver Prices Rise, Oil Prices ReboundAmid rising geopolitical tensions, gold prices rose over 2.6% on Monday, reaching $4,449; silver prices also increased by over 5%, reaching $76.6. Oil prices saw a rebound, with New York crude oil rising about 1.7% to $58.32; Brent crude oil also rose 1.7% to $61.76.In terms of Hong Kong stocks, the Hang Seng Index opened 155 points higher this morning, at 26,502 points. Tech stocks showed mixed developments, with Alibaba (9988) down 1.2%; Tencent (700) up 0.4%; Meituan (3690) up 0.8%; JD.com (9618) up 1.1%; and Xiaomi (1810) down 0.3%. As for KUAISHOU-W (1024), which surged yesterday, it rose another 1.7% this morning.Air China and Cathay Pacific Both Open LowerIn individual stock news, Air China (753) announced that its wholly-owned subsidiary Easerich will place approximately 108 million shares of Cathay Pacific (293), accounting for about 1.6% of Cathay Pacific's issued shares, at a placement price of HKD 12.22 per share, a discount of 6.6% compared to Cathay Pacific's closing price of HKD 13.09 the previous day, involving about HKD 1.32 billion. The stock opened at HKD 7.09, down 0.84%; Cathay Pacific also fell 0.53% to HKD 13.02.Related article: Air China plans to reduce its stake in Cathay Pacific at a nearly 7% discount, involving over HKD 1.3 billion.Sunny Optical Plans to Spin Off Automotive Optical BusinessAdditionally, Sunny Optical (2382) announced that it is considering spinning off its automotive-related optical business and independently listing it on the main board of the Hong Kong Stock Exchange. The stock opened at HKD 68.8, up 1.6%.XD INC Plans to Repurchase Up to HKD 400 Million of Company SharesAs for XD INC (2400), it plans to repurchase up to HKD 400 million of its company shares, with the repurchase period extending until June 4 of this year. The stock opened at HKD 68.85, up 4%.Regarding the northbound capital flow, there was a net purchase of HKD 18.723 billion in Hong Kong stocks yesterday, with the Tracker Fund of Hong Kong (2800), KUAISHOU-W (1024), and Xiaomi (1810) receiving net purchases of HKD 6.826 billion, HKD 1.556 billion, and HKD 1.019 billion, respectively; meanwhile, Tencent (700) and China Mobile (941) saw net sales of HKD 919 million and HKD 406 million, respectively