The Economic Information Daily, Nov 10 - After Republicans lost control of both the Senate and House, U.S. President Trump's stance towards Iran has noticeably softened. In an interview, he stated it is highly unlikely he would order a new round of attacks on Iran, causing oil prices to plunge sharply. U.S. stocks rose overnight, and the Hang Seng Index opened at 24,621, up 172 points or 0.7%, briefly challenging the 100-day moving average (around 24,591) but failing to stabilize above it. The Hang Seng China Enterprises Index stood at 8,298, up 38 points or 0.5%. The Hang Seng Tech Index stood at 4,072, up 31 points or 0.8%.
With geopolitical tensions expected to ease, global financial stocks performed well. HSBC (00005) opened 2.33% higher at HK$140.5, AIA (01299) rose 1.85% to HK$80, and Standard Chartered (02888) gained 3.55% to HK$227.6.
WuXi AppTec (02359) announced its removal from the U.S. Department of Defense's list of Chinese military companies, causing its shares to open 6.06% higher at HK$210. BeiGene (06160) rose 7.57% to HK$267, WuXi Biologics (02269) gained 3.64% to HK$50.7, and Innovent Biologics (01801) climbed 1.79% to HK$88.
Tech and internet stocks showed mixed opening performances. Alibaba (09988) fell 0.57% to HK$104, Tencent (00700) opened 1.1% higher at HK$423, Meituan (03690) rose 0.6% to HK$75.6, JD.com (09618) dropped 0.71% to HK$111.5, Xiaomi (01810) declined 0.47% to HK$29.96, and Baidu (09888) rose 1.91% to HK$80.
Oil prices plunged, weighing on the 'Big Three' oil firms. CNOOC (00883) fell 1.54% to HK$23, PetroChina (00857) dropped 0.96% to HK$10.33, and Sinopec (00386) declined 0.31% to HK$4.81. (ey)
With geopolitical tensions expected to ease, global financial stocks performed well. HSBC (00005) opened 2.33% higher at HK$140.5, AIA (01299) rose 1.85% to HK$80, and Standard Chartered (02888) gained 3.55% to HK$227.6.
WuXi AppTec (02359) announced its removal from the U.S. Department of Defense's list of Chinese military companies, causing its shares to open 6.06% higher at HK$210. BeiGene (06160) rose 7.57% to HK$267, WuXi Biologics (02269) gained 3.64% to HK$50.7, and Innovent Biologics (01801) climbed 1.79% to HK$88.
Tech and internet stocks showed mixed opening performances. Alibaba (09988) fell 0.57% to HK$104, Tencent (00700) opened 1.1% higher at HK$423, Meituan (03690) rose 0.6% to HK$75.6, JD.com (09618) dropped 0.71% to HK$111.5, Xiaomi (01810) declined 0.47% to HK$29.96, and Baidu (09888) rose 1.91% to HK$80.
Oil prices plunged, weighing on the 'Big Three' oil firms. CNOOC (00883) fell 1.54% to HK$23, PetroChina (00857) dropped 0.96% to HK$10.33, and Sinopec (00386) declined 0.31% to HK$4.81. (ey)
