The Hang Seng Index opened 139 points higher, Alibaba partnered with Yushu to go overseas, rising nearly 1.8%, while Nio fell 6.7% | Hong Kong stock market opens

U.S. stocks fell and then rose on Thursday, with the Dow Jones Industrial Average dropping over 200 points in the early session. It was later reported that U.S. President Donald Trump requested Israel to reduce its strikes on Lebanon to ensure smooth U.S.-Iran negotiations, which stimulated the Dow to rise over 400 points at one point, closing up 275 points or 0.58% at 48,185 points. The S&P 500 rose 41 points or 0.62% to 6,824 points; the Nasdaq rose 187 points or 0.83% to 22,822 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, fell 1.32% to 6,786 points.Amazon May Sell AI ChipsAmazon closed up 5.6%, reportedly considering selling its AI chips to other companies. CoreWeave announced an expansion of its long-term collaboration with Meta, with its stock rising 3.5%, while Meta rose 2.6%. Anthropic recently released a series of AI agent tools, putting pressure on software stocks, with Palantir and ServiceNow both falling over 7%, and Snowflake down 7%.In Hong Kong stocks, the Hang Seng Index opened up 139 points this morning, reporting 25,981 points. Tech stocks showed mixed developments, with Meituan (3690) up 0.28%; Xiaomi (1810) up 0.19%; Tencent (700) down 0.09%; and Baidu (9888) down 3.55%.Alibaba (9988) rose 1.79%, reportedly preparing a collaboration project with Yushu Technology for overseas expansion, with local media citing Alibaba insiders confirming that project details will be announced next week.Nio ES9 Pre-sale Price Starts at 528,000Nio (9866) fell 6.77%, reportedly launching and starting pre-sales for its ES9, with the pre-sale price for the entire vehicle ranging from 528,000 to 658,000 yuan. Other automotive stocks saw mixed results, with BYD (1211) up 0.68%; XPeng (9868) up 0.74%; and Li Auto (2015) unchanged.Regarding northbound capital movements, on Thursday, net selling of Hong Kong stocks amounted to HKD 12.593 billion. The Tracker Fund of Hong Kong (2800), Xiaomi (1810), and Alibaba (9988) saw net purchases of HKD 5.628 billion, HKD 1.105 billion, and HKD 940 million, respectively; while CNOOC (883) and Xunqi (3317) faced net selling of HKD 210 million and HKD 130 million, respectively