On September 30, the Hang Seng Index opened 0.53% lower at 24,393.88 points; the Hang Seng Tech Index fell 0.41% to 4,232.24 points; the State-Owned Enterprises Index dropped 0.52% to 8,135.93 points; and the Red Chip Index declined 0.62% to 4,032.25 points.
Among the 12 Hang Seng industry indices, only 3 advanced. The Hang Seng Raw Materials Index rose 0.19%, ranking first among the 12 industry indices; the Hang Seng Utilities Index gained 0.02%; and the Hang Seng Telecommunications Index added 0.02%. On the downside, the Hang Seng Energy Index fell 0.91%, and the Hang Seng Properties & Construction Index dropped 0.80%.
Among the constituents of the Hang Seng Index, Laopu Gold (06181), Power Assets Holdings (00006), and Shenzhou International (02313) led the gains, rising 0.92%, 0.67%, and 0.46% respectively; Xinyi Glass (00868) fell 2.61%. Among the constituents of the Hang Seng Tech Index, Zhipu (02513), Iluvatar CoreX (09903), and MINIMAX-W (00100) led the gains, rising 2.20%, 0.43%, and 0.33% respectively.
Artificial intelligence stocks strengthened, with Fourier (03625) up 6.79%, Haizhi Technology Group (02706) up 5.05%, and Biren Technology (06052) up 2.52%. Most internet stocks declined, with Alibaba-W (09988) down 0.85% and Tencent Holdings (00700) down 0.46%. Mainland property stocks pulled back, with Sunac China (01918) down 4.35%.
On the news front, Huancheng Technology (06802) listed on the Hong Kong Stock Exchange today, opening at HK$168, 185.47% higher than its offer price of HK$58.85. Overnight, the three major U.S. stock indices all closed lower: the Dow fell 0.26% to 51,349.92 points, the S&P 500 dropped 0.17% to 7,670.84 points, and the Nasdaq declined 0.09% to 26,797.54 points. The U.S. 30-year Treasury yield broke above 5.60% during intraday trading, the highest level since June 2002. International oil prices fell significantly, with the November light crude oil futures contract on the New York Mercantile Exchange dropping 3.48% to US$89.38 per barrel, and the November London Brent crude oil futures falling 2.56% to US$102.59 per barrel. In precious metals, London spot gold and silver both rose more than 1%.