{Economic Information Daily, 21st} Crude oil prices retreated from over five-month highs, while the Dow Jones rose more than 500 points overnight, coupled with strong SpaceX earnings, boosting stock markets in Japan and South Korea. The Hong Kong market also rebounded this morning. The Hang Seng Index opened at 24,139, up 271 points or 1.1%, with main board turnover of HK$3.072 billion. The Hang Seng China Enterprises Index stood at 8,139, up 108 points or 1.4%. The Hang Seng Tech Index rose 64 points or 1.6% to 4,110.

    Lenovo Group (00992) dropped 10% yesterday but rebounded this morning, opening 6.02% higher at HK$26.78.

    CATL (03750) reported third-quarter revenue and profit both missing expectations, causing its share price to open 2.87% lower at HK$400. At current prices, the stock has declined for six consecutive days, with a cumulative drop of 19.16%.

    Tech stocks are mostly up: Alibaba (09988) rose 2.1% to HK$107.10, Tencent (00700) gained 0.39% to HK$412, Baidu (09888) rose 1.53% to HK$79.80, Meituan (03690) increased 1.18% to HK$77, and JD.com (09618) opened 1.72% higher at HK$106.20.

    Biotech stocks continued to perform well: Innovent Biologics (01801) rose 4.35% to HK$91.20, BeiGene (06160) gained 4.08% to HK$234.60, WuXi Biologics (02269) rose 2.8% to HK$51.45, and CSPC Pharmaceutical Group (01093) advanced 1.79% to HK$9.08.

    China Mobile (00941) opened 0.75% lower at HK$79.90 after its earnings release. (ey)