The Economic Times News Service reported on the 3rd: The US and Iran have rarely simultaneously signaled willingness to negotiate. Iranian President Pezeshkian stated that the Supreme Leader has granted the government greater authority to advance peace talks, while US President Trump mentioned in a media interview that he is in no rush to decide whether to resume attacks on Iran. Oil prices plunged about 7%. Meanwhile, mainland China rolled out a series of market-support measures, including launching swap convenience operations for securities firms, funds, and insurance companies, announcing that the policy of relending for stock repurchases and增持 (increased shareholding) will transition from temporary arrangements to long-term institutional arrangements, and allowing listed companies to conduct defensive share buybacks when share prices fall below issuance levels. Under the combined effect of these positive factors, the Hang Seng Index continued to rise, opening at 23,469 this morning, up 76 points or 0.3%, with main board turnover reaching HK$2.662 billion. The Hang Seng China Enterprises Index stood at 7,933, up 27 points or 0.4%. The Hang Seng Tech Index stood at 3,853, up 13 points or 0.4%.
Two financial stocks drove the market higher at the open: AIA (01299) rose 0.8% to HK$76, HSBC (00005) rose 0.45% to HK$134.3, while Standard Chartered (02888) fell 0.18% to HK$216.8. Mainland banks rebounded this morning: BoC (03988) rose 0.94% to HK$5.915, ICBC (01398) rose 0.71% to HK$7.83, CCB (00939) rose 0.49% to HK$10.19, and ABC (01288) rose 0.52% to HK$6.78.
Tech and internet stocks edged up slightly: Xiaomi (01810) rose 1.92% to HK$28.64, Alibaba (09988) rose 0.45% to HK$99.9, Meituan (03690) rose 0.41% to HK$73.35, Tencent (00700) rose 0.25% to HK$393.2.
Falling oil prices dragged down oil stocks: PetroChina (00857) fell 2.87% to HK$10.5, Sinopec (00386) fell 1.12% to HK$4.84, CNOOC (00883) fell 2.61% to HK$23.88.
Overseas AI hardware stocks continued to decline: Lenovo Group (00992) fell 3.63% to HK$20.18, Hua Hong (01347) fell 2.56% to HK$60.9, SMIC (00981) fell 1.42% to HK$43.
Ctrip (09961) rose 2.82% to HK$321, Haidilao (06862) rose 2.04% to HK$9.525. (ey)
Two financial stocks drove the market higher at the open: AIA (01299) rose 0.8% to HK$76, HSBC (00005) rose 0.45% to HK$134.3, while Standard Chartered (02888) fell 0.18% to HK$216.8. Mainland banks rebounded this morning: BoC (03988) rose 0.94% to HK$5.915, ICBC (01398) rose 0.71% to HK$7.83, CCB (00939) rose 0.49% to HK$10.19, and ABC (01288) rose 0.52% to HK$6.78.
Tech and internet stocks edged up slightly: Xiaomi (01810) rose 1.92% to HK$28.64, Alibaba (09988) rose 0.45% to HK$99.9, Meituan (03690) rose 0.41% to HK$73.35, Tencent (00700) rose 0.25% to HK$393.2.
Falling oil prices dragged down oil stocks: PetroChina (00857) fell 2.87% to HK$10.5, Sinopec (00386) fell 1.12% to HK$4.84, CNOOC (00883) fell 2.61% to HK$23.88.
Overseas AI hardware stocks continued to decline: Lenovo Group (00992) fell 3.63% to HK$20.18, Hua Hong (01347) fell 2.56% to HK$60.9, SMIC (00981) fell 1.42% to HK$43.
Ctrip (09961) rose 2.82% to HK$321, Haidilao (06862) rose 2.04% to HK$9.525. (ey)
