"Hong Kong Stocks" The Hang Seng Index opened 19 points lower, POP MART rose 5%, HSBC Holdings went against the market trend and rose

U.S. stocks were closed for the holiday yesterday (19th). Trump's threat to implement the "Greenland Tariff" triggered a decline in U.S. stock futures, causing Hong Kong stocks to drop over 280 points or 1% yesterday, with a slight lower opening this morning. The Hang Seng Index opened down 19 points or less than 0.1%, at 26,544 points; the Hang Seng China Enterprises Index opened down 15 points or 0.2%, at 9,119 points; the Hang Seng Tech Index opened down 12 points or 0.2%, at 5,737 points.

In the tech sector, Tencent (00700.HK) opened down 1.5% at HKD 601, Baidu (09888.HK) opened down 2.2%, Alibaba (09988.HK), Meituan (03690.HK), JD.com (09618.HK), and Kuaishou (01024.HK) opened down 0.1% to 0.4%, while NetEase (09999.HK) opened flat at HKD 216.2. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) opened up 0.5% and 0.9%, respectively. In the robotics sector, UBTECH (09880.HK) opened up 0.9%.

In the automotive sector, BYD (01211.HK) opened up 0.1% at HKD 100.8, while Xiaomi (01810.HK) opened down 1.3%. Nio (09866.HK), XPeng (09868.HK), and Li Auto (02015.HK) opened up 0.3% to 0.6%.

In the financial sector, HSBC Holdings (00005.HK) opened up 1.7% at HKD 129.1, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened down 0.4% and 0.2%, respectively. In the gold sector, Zijin Mining (02899.HK) opened up 1.3%, while in the real estate sector, Sun Hung Kai Properties (00016.HK) opened down 1.4%.

POP MART (09992.HK) repurchased 1.4 million shares for HKD 251 million, with its stock price opening up 5.2% at HKD 190.2. CIMC ENRIC (03899.HK) raised HKD 774 million through a 7.7% discount placement, with its stock price opening down 2.8% at HKD 10.31. China Molybdenum (03993.HK) issued USD 1.2 billion convertible bonds at a premium of 28.7%, with its stock opening down 1.3% at HKD 21.5