"Hong Kong Stocks" The Hang Seng Index opened 165 points higher, Baidu and AIA performed well, and chip stocks rose

U.S. President Trump claimed to have reached a framework consensus with NATO on the Greenland agreement, and the three major U.S. stock indices rose more than 1% overnight (21st). The Hong Kong stock market opened higher in the morning. The Hang Seng Index opened up 165 points or 0.6%, reporting at 26,750 points; the National Index opened up 50 points or 0.5%, reporting at 9,173 points; the Hang Seng Tech Index opened up 48 points or 0.8%, reporting at 5,795 points.

Peripheral memory chip stocks surged, with chip equipment stock ASMPT (00522.HK) opening up 4.9% at HKD 106.8, evaluating SMT solution division strategies including sales and listings. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) opened up 1.6% and 2.1%. Kingdee (00268.HK) is expected to turn a profit of RMB 60 million to 100 million last year, with revenue increasing by about 11.1% to 12.7%, and the stock price opened up 3.1% at HKD 14.6. Baidu (09888.HK) opened up 3.8% at HKD 159.5, with JP Morgan expecting Baidu's revenue and adjusted earnings to improve quarter-on-quarter in the fourth quarter of last year, raising the target price from HKD 185 to HKD 195.

In other tech stocks, Tencent (00700.HK) opened up 0.3% at HKD 604.5, Kuaishou (01024.HK) and Alibaba (09988.HK) opened up 1.6% and 1.7%, JD.com (09618.HK) opened up 1%, Meituan (03690.HK) opened up 0.1%, and NetEase (09999.HK) opened down 0.7%. In the automotive sector, BYD (01211.HK) opened up 0.5% at HKD 99.5, Xiaomi (01810.HK) opened up 0.9%, and Nio (09866.HK) opened up 2.4%.

In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) opened up 0.7% and 0.2%, respectively, while AIA (01299.HK) opened up 2.2%. Gold prices fell from their highs, with China Gold International (02099.HK) and Zijin (02899.HK) opening down 2% and 2.2%. Chow Tai Fook (01929.HK) reported a 17.8% year-on-year increase in retail value last quarter, with the stock price opening up 0.7% at HKD 13.8.

CK Hutchison (00001.HK) has yet to make a decision on the independent listing of its telecommunications or retail business, with the stock opening up 1.5% at HKD 62.25. MicroPort (02252.HK) expects its annual revenue to more than double, with adjusted losses narrowing by 50%, and the stock price opened up 5.3%. China Rare Earth Holdings (03788.HK) raised a net amount of HKD 770 million through a placement at a discount of over 18%, with the stock opening flat at HKD 4.65