Hong Kong stocks open | Hang Seng Index opens 1.58% lower, IT stocks fall, energy stocks rise against the market

The Zhitong Finance App learned that on November 6, the Hang Seng Index opened 1.58% lower to 24,404.62 points; the Hang Seng Technology Index fell 3.11% to 4,025.22 points; the State-owned Enterprises Index fell 1.44% to 8,248.70 points; and the Hang Seng Red Chip Index fell 0.83% to 4,002.49 points.

The Hang Seng Industry Index rose 1 and fell 11. The raw materials industry index fell 3.24%, the healthcare industry index fell 3.01%, the IT industry index fell 2.95%, the industrial index fell 2.80%, and the non-essential consumption index fell 2.69%. Among the constituent stocks of the Hang Seng Index, Huahong Semiconductor (01347) fell 8.62% and Weichai Power (02338) fell 7.26%; among the constituent stocks of the Hang Seng Technology Index, Huahong Semiconductor (01347) fell 8.62%. Huahong Semiconductor (01347) announced third quarter results on November 5, with sales revenue of US$987.1 million, up 19.9% year on year, gross profit margin of 24.6%, profit attributable to parent company owners of US$123.4 million, an increase of 147.1% year on year, and guided sales revenue of 1.08 billion to 1.09 billion US dollars for the fourth quarter.

Energy stocks rose against the market. The Hang Seng Energy Index rose 0.45%, the only industry that recorded an increase in the 12 Hang Seng Indices. CNPC shares (00857) rose 1.54%; overnight, the price of light crude oil futures for December delivery on the New York Mercantile Exchange closed at $90.52 per barrel, an increase of 2.72%. London Brent crude oil futures for January delivery closed at $98.29 per barrel, an increase of 3.88%. Li Ning (02331) rose 3.94% to HK$15.30, the biggest increase in the Hang Seng Index. The company announced a special dividend of RMB 2.32 per share (equivalent to HK$2.71) on November 5, excluding November 18; AIA (01299) rose 0.76%. Of the 30 constituent stocks in the Hang Seng Technology Index, only JD Health (06618) rose 0.14%. Of the 95 constituent stocks of the Hang Seng Index, 11 rose, 75 fell, and 9 were flat; of the 30 constituent stocks of the Hang Seng Technology Index, 1 rose, 28 fell, and 1 flat.

US stocks fell sharply overnight. The Dow Jones Industrial Average fell 3.44% to 51,523.06 points, the S&P 500 index fell 4.36% to 7,353.73 points, and the Nasdaq Composite Index fell 5.52% to 24,315 points; the Philadelphia Semiconductor Index fell more than 12%, and storage and optical communication stocks had the highest declines. Micron Technology fell more than 17%, Sandy fell more than 22%, and SK Hynix fell more than 13%. The Nasdaq China Golden Dragon Index rose 0.43%. On the previous trading day for Hong Kong stocks (November 5), the Hang Seng Index closed at 24,796.98 points, while the Hang Seng Technology Index closed at 4,154.29 points.