28th November 2024 - (Hong Kong) Hong Kong's stock market exhibited a cautious tone on the expiry of futures contracts, with the Hang Seng Index opening down by 44 points, or 0.22%, at 19,558. The Hang Seng China Enterprises Index fell by 11 points, or 0.15%, settling at 7,016, while the Tech Index managed a slight increase of 5 points, or 0.12%, reaching 4,379.
In the technology sector, shares showed varied performance. Tencent declined by 0.3%, and Alibaba fell by 0.8%. In contrast, Meituan rose by 0.4%, JD.com gained 1.4%, and Kuaishou saw a 1.1% increase.
Financial stocks presented a mixed picture as well. HSBC remained flat, while AIA Insurance dropped by 1.7%. Conversely, China Ping An and the Hong Kong Stock Exchange each edged up by 0.1%.
In the automotive sector, performance was similarly varied. BYD saw a slight decline of 0.2%, while Geely Automobile surged by 3.5%. Xpeng Motors and Li Auto rose by 1.2% and 2.3%, respectively, while NIO's shares remained unchanged.
On a more positive note, Bitcoin regained momentum, positively influencing related stocks and exchange-traded funds (ETFs). Boyaa Interactive surged by 4.7%, Meitu rose by 1.7%, and CSOP Bitcoin Futures ETF increased by 1.6%, while ChinaAMC Bitcoin ETF saw a rise of 3.4%.

Sumber : dimsumdaily.hk