ET Net News Service reported on the 12th that U.S. President Trump said on Sunday that Russia and Ukraine have agreed to immediately implement an 'energy ceasefire.' Zelenskyy responded by stating Ukraine supports this arrangement, while emphasizing that Russia must also comply. Additionally, Washington and Moscow have reached an agreement allowing Russia to export diesel fuel. Trump said the related diesel will enter the global market starting this month, totaling approximately 13.5 million barrels. With inflationary pressures easing ahead of the U.S. midterm elections, the Hang Seng Index opened 223 points or 0.9% higher at 24,434, with board turnover of HK$2.929 billion. The Hang Seng China Enterprises Index stood at 8,229, up 81 points or 1%. The Hang Seng Tech Index rose 43 points or 1% to 4,241.

    Risk appetite improved, leading to broad gains in tech and internet stocks. Alibaba (09988) rose 3.08% to HK$110.3, contributing over 60 points to the Hang Seng Index's rise. Tencent (00700) gained 0.85% to HK$428.4. Meituan (03690) rose 1.12% to HK$72.3. JD.com (09618) climbed 0.76% to HK$106.4; however, Xiaomi (01810) fell 0.62% to HK$25.8.

    Biotech stocks also performed well. CSPC Pharmaceutical Group (01093) rose 2.92% to HK$9.35. BeiGene (06160) gained 2.58% to HK$215. WuXi AppTec (02359) rose 2.5% to HK$213.2.

    Gold mining stocks opened higher. Zijin Mining (02899) rose 2.91% to HK$33.9. Lingbao Gold (03330) gained 1.76% to HK$19.06. Zhaojin Mining (01818) rose 1.48% to HK$18.51.

    China Telecom (00728) fell 0.53% to HK$4.66. CK Asset Holdings (01113) dropped 0.4% to HK$45.02. (ey)