Hong Kong Stocks Trend | Hang Seng Index Opens 39 Points Lower as Tech and Internet Stocks Retreat

SighingCashier · 2026-04-02T02:01:30+00:00

The market's expectations that the Iran war is nearing an end have influenced stock market performance, with the Golden Dragon Index slightly rising. The Hong Kong Hang Seng Index opened slightly lower, with tech stocks generally softening, while resource stocks performed well. Major blue-chip stocks like Alibaba and Tencent opened lower, but Zijin Mining performed well.

SighingCashier

2026-04-02 02:01:30

Abstract generation in progress

The market is still anticipating that the war with Iran is nearing its end, as reflected by a rebound of 0.31% in the Golden Dragon Index that tracks China concept stocks. After yesterday’s Hang Seng Index surged by more than 500 points, it opened slightly lower this morning, with the Hang Seng Index down by 39 points.

The Hang Seng Index opened down by 39 points, or 0.16%, at 25,254 points.

The China Enterprises Index opened down by 27 points, or 0.32%, at 8,477 points.

The Hang Seng TECH Index opened down by 23 points, or 0.49%, at 4,732 points.

Among 90 blue chips, 34 opened lower.

Tech stocks eased, with Alibaba (09988) opening down 1.4% at HK$121; Tencent (00700) opening down 0.1% at HK$496; Baidu (09888) opening down 0.5% at HK$109. Meituan (03690) opened down 0.8% at HK$81.3; Xiaomi (01810) opened down 1% at HK$31.7; Kuaishou (01024) opened down 0.9% at HK$45.8.

Resource stocks continued to strengthen. Zijin Mining (02899) opened up 0.9% at HK$36.72; Luoyang Molybdenum (03993) opened up 1.9% at HK$17.79, the best-performing blue chip at the open.

HSBC (00005) opened up 0.8% at HK$131.3; China Mobile (00941) opened down 0.6% at HK$79.3.

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