Market News

The morning market of Hong Kong stocks opened higher, led by technology stocks. The Hang Seng Index opened 118 points or 0.7% higher at 17677 points, the national index opened 48 points or 0.8% higher at 6089 points, and the Hang Seng Science and Technology Index opened 38 points or 1% higher at 4063 points. In terms of technology stocks, 09988.HK opened 0.3% lower at 75.95 yuan, 00700.HK opened 1.2% higher at 325 yuan, Meituan (03690.HK), JD.com (09618.HK) and NetEase (09999.HK) opened 1.7% to 2.1% higher, and Xiaomi (01810.HK), Baidu (09888.HK) and Kuaishou (01024.HK) opened 0.8% to 1.3% higher. SMIC (00981.HK) opened 1.4% higher. In terms of car stocks, 00175.HK Polar Krypton has filed an updated registration statement with the SEC, which opened 1.1 per cent higher at RMB9.27. 01211.HK called a number of models unofficial price cuts for November promotions, and the stock opened nearly 0.1 per cent higher at 228.6 yuan before turning downwards. Ideal (02015.HK) and Xiaopeng (09868.HK) opened 1.3% and 0.4% higher. In terms of financial stocks, 00005.HK opened 0.9 per cent higher at 60 yuan, 00388.HK opened 0.2 per cent higher at 288.2 yuan, and 01299.HK opened flat at 71.40 yuan. The first phase of the YOHO WEST project jointly operated by 00016.HK and 00066.HK is reported to have received nearly 10,000 votes, while SHKP and 00066.HK opened 0.9% and 0.5% higher. As for other shares, 00688.HK and 01109.HK opened 1.8 per cent and 1.2 per cent higher. Anta (02020.HK) and Li Ning (02331.HK) opened 1.3% higher, 00669.HK and 02313.HK opened 2.1% and 1.3% higher, and 01093.HK opened 1.3% higher.