
The Hang Seng Index opened 90 points lower, gold prices hit a new high, Zhaojin rose over 4%, and Skyworth's proposed privatization surged by 40% | Hong Kong stock market opens

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The Hang Seng Index opened 90 points lower this morning, reporting at 26,397 points. After the holiday, U.S. stocks plunged sharply, with the Dow Jones down 870 points, the S&P 500 down 143 points, and the Nasdaq down 561 points. Gold prices reached a new high, with spot gold rising nearly 2%, peaking at 4,810 USD. Netflix reported fourth-quarter revenue exceeding expectations, but first-quarter profit fell short of expectations, causing its stock price to drop over 5% in after-hours trading. Hong Kong tech stocks generally declined, with Alibaba down 0.9% and Tencent down 0.5%. Zhaojin rose over 4%
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