NVIDIA's sharp decline dragged down U.S. tech stocks, with the three major indices showing mixed developments on Thursday. The Nasdaq fell by as much as 2%, while the Dow Jones briefly turned negative. The Dow closed up 17 points or 0.03%, at 49,499 points; the S&amp;P 500 dropped 37 points or 0.54%, at 6,908 points; the Nasdaq fell 273 points or 1.18%, at 22,878 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, fell 1.78%, at 7,411 points.
NVIDIA plummeted by 5%, marking the third consecutive time it has dropped after releasing results that exceeded market expectations. Chip peers also fell, with Micron, Broadcom, and AMD all down over 3%.
The Hang Seng Index opened 66 points higher this morning, starting at 26,447 points. Tech stocks showed mixed developments, with Meituan (3690) up 0.68%; Tencent (700) down 0.29%; Xiaomi (1810) down 0.79%; Alibaba (9988) unchanged.
Baidu (9888) fell 1%, with its adjusted profit for the fourth quarter of last year down 41.8% year-on-year, but better than expected. Chow Tai Fook (659) reported a net profit of HKD 1.334 billion for the half-year, up 15.3% year-on-year, with its stock price opening down 1.2%.
HSBC (005) and AIA (1299) both rose 1.2%. WuXi Biologics (2269) rebounded by 4.8%.
Regarding the northbound capital flow, on Thursday, southbound funds net sold HK stocks worth HKD 7.366 billion. Meituan (3690), Dongfang Electric (1072), and Xiaomi (1810) saw net purchases of HKD 311 million, HKD 125 million, and HKD 18.35 million, respectively; while China National Offshore Oil Corporation (883), Alibaba (9988), and Yangtze Optical Fibre and Cable (6869) faced net sales of HKD 894 million, HKD 888 million, and HKD 625 million, respectively

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The Hang Seng Index opened 66 points higher this morning, reporting at 26,447 points. U.S. tech stocks fluctuated due to a sharp decline in NVIDIA, with the Nasdaq down 1.18%. The performance of internet stocks was mixed, with Meituan slightly up 0.68% and Tencent down 0.29%. WuXi Biologics rebounded 4.8%, while HSBC and AIA each rose 1.2%. Southbound funds had a net sell of HKD 7.366 billion in Hong Kong stocks, with some individual stocks like Meituan and Xiaomi seeing net purchases

- U.S. tech stocks declined, with the Nasdaq dropping 2% and the Dow Jones up by 17 points at 49,499.  
- Nvidia's 5% fall marked its third consecutive drop despite surpassing market earnings expectations, impacting other chipmakers like Micron and AMD, which also saw declines.  
- In Hong Kong, the Hang Seng Index opened up 66 points, while notable stocks such as Meituan and Tencent experienced mixed movements, and northbound capital recorded a net sell-off of 7.366 billion HKD in Hong Kong stocks.

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HSBC HOLDINGS

WUXI BIO

HSBC

VanEck Biotech ETF

CSOP HSI ETF

Huaan Hang Seng Biotech ETF

ISHARESHSI

Yinhua CSI Innovative Drugs Industry ETF

E Fund Hang Seng SCHK Innovative Drug ETF

Fullgoal Hang Seng SCHK Innovative Drug & Healthcare ETF

Tianhong CNI BIOMEDICINE ETF

E Fund CSI 300 Health Care ETF

Invesco Biotechnology & Genome ETF

ChinaAMC SSE STAR Biology and Medicine ETF

Penghua SSE STAR Biology and Medicine ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

iShares Biotechnology ETF

The Hang Seng Index opened 66 points higher, WuXi Bio bounced nearly 5%, HSBC and AIA rose over 1% | Hong Kong stock market opens