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.