HSI Opens 30 pts Lower; JD Elevate, while BABA Wanes

Hong Kong stocks opened lower this morning in line with the global market, as the market awaits release of the 3 major Chinese economic data. $Hang Seng Index(800000.HK)$ opened 30 points or 0.2% lower at 16,690. $Hang Seng China Enterprises Index(800100.HK)$ started 17 points or 0.3% lower at 5,803. $Hang Seng TECH Index(800700.HK)$ opened down 14 points or 0.4% at 3,535.

$BABA-SW(09988.HK)$ opened 1% lower at $71.15, as officials dismissed rumours that it is selling Hema and RT-Mart to COFCO. $EAST BUY(01797.HK)$ opened 2.9% lower after it promised advanced refunds for products made with lymphatic meat. $JD-SW(09618.HK)$ opened 2% higher at $106.6 after dropping its bid for Currys.

For other tech stocks, $TENCENT(00700.HK)$ opened 0.6% down at $282.2, and $MEITUAN-W(03690.HK)$ started flat at $89.4. $XIAOMI-W(01810.HK)$ and $BIDU-SW(09888.HK)$ opened 0.3% lower, while $NTES-S(09999.HK)$ and $KUAISHOU-W(01024.HK)$ started 2.2% and 1.7% lower.