5th September 2024 – (Hong Kong) The Hang Seng Index opened higher today rising by 12 points or 0.07% to reach 17,469 points. In contrast, the National Enterprises Index fell by 3 points or 0.06%, settling at 6,130 points, while the Technology Index dropped by 3 points or 0.09%, standing at 3,479 points.
The performance of major technology stocks was mixed. Tencent saw a decline of 0.6%, while Alibaba gained 0.2%. Meituan remained unchanged, and JD.com also fell by 0.6%. Xiaomi experienced a slight drop of 0.1%, while Kuaishou did not register any movement.
In the financial sector, HSBC Holdings increased by 0.6%, and AIA Group rose by 0.4%. Conversely, China Ping An decreased by 0.2%, while Hong Kong Exchanges and Clearing climbed by 0.8%.
Overall, market sentiment appears cautious as investors assess the latest economic indicators and corporate earnings.
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