HSI Opens Up 88 pts; BABA & TENCENT Stabilise Pre-results

Hong Kong stocks continued to open higher in the morning. $Hang Seng Index(800000.HK)$ opened 88 points or 0.5% higher at 19,203. $Hang Seng China Enterprises Index(800100.HK)$ opened 41 points or 0.6% higher at 6,803 points. $Hang Seng TECH Index(800700.HK)$ opened 54 points or 1.4% higher at 4,072.

As for tech stocks, $BABA-SW(09988.HK)$ and $TENCENT(00700.HK)$ will announce their quarterly results, BABA opened 1% higher at $82, while TENCENT opened 0.7% higher at $381.

$MEITUAN-W(03690.HK)$ , $JD-SW(09618.HK)$ and $NTES-S(09999.HK)$ opened elevating 1.2% to 1.6%, $BIDU-SW(09888.HK)$ and $KUAISHOU-W(01024.HK)$ opened rising 2.3% and 3%, and $BILIBILI-W(09626.HK)$ opened surging 6.7%. $TME-SW(01698.HK)$ shares opened 4.8% higher after the company declared a DPS of USD6.85 cents. TME's US ADR closed spiking nearly 11%.