Market Update: Hang Seng Index Opens 0.14% Lower, Tech Index Falls 0.07%, Declines in Technology Stocks, Gold Stocks Rally, Innovative Drug Concepts Continue to Rise

Deep News
Oct 17

On Thursday, U.S. stocks declined amid concerns over a surge in local bad debts, leading to a sharp drop in bank stocks, with all three major indices closing in the red. The U.S. dollar weakened, while the yield on the ten-year Treasury bond fell to 3.97%. Gold prices reached a new high, and oil prices remained under pressure.

Today, the three major indices in Hong Kong showed mixed results. The Hang Seng Index fell by 0.14% to 25,851.94 points, while the Hang Seng Tech Index decreased by 0.07%. The Corporate Index saw a slight increase. In terms of individual stocks, technology stocks generally declined, with JD.com dropping nearly 0.5%. Gold stocks experienced widespread gains, with Zijin Mining rising over 5%. The innovative drug sector continued its upward trend, with IMMUNOTECH-B climbing more than 3%.

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