HSI Opens Dropping 23 pts; Technology stocks fluctuate between gains and losses
$Hang Seng Index(800000.HK$ opened 23 points or 0.14% lower at 16,225. $Hang Seng China Enterprises Index(800100.HK$ opened slightly lower by 1 point at 5,742. $Hang Seng TECH Index(800700.HK$ opened 2 points higher at 3,340.
Fitch downgraded the rating outlooks of $TENCENT(00700.HK$ and $BABA-SW(09988.HK$ to Negative, and the 2 stocks opened flat and 0.5% lower respectively. For other tech stocks, $MEITUAN-W(03690.HK$ opened 1.3% higher. $BILIBILI-W(09626.HK$ opened 0.3% higher. $BIDU-SW(09888.HK$ , $NTES-S(09999.HK$ , $KUAISHOU-W(01024.HK$ and $LENOVO GROUP(00992.HK$ each opened 0.2% to 0.7% lower. $JD-SW(09618.HK$ and $XIAOMI-W(01810.HK$ opened flat.
In financials, $HSBC HOLDINGS(00005.HK$ is about 1% lower at open. $HKEX(00388.HK$ opened down 0.6%, while $AIA(01299.HK$ opened flat.
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