"Hong Kong Stocks" Hang Seng Index opened high at 44 points, oil stocks fell, MiniMax rose over 3%

After Iran reopened the Strait of Hormuz and then re-blocked it, the Dow Jones Industrial Average rose over 800 points last Friday (17th), but futures fell 400 points during the Asian session. In Hong Kong stocks, the Hang Seng Index opened up 44 points or 0.2%, at 26,204 points; the National Index opened up 11 points or 0.1%, at 8,856 points; the Hang Seng Tech Index opened up 16 points or 0.3%, at 5,059 points.

Crude oil prices rebounded, but PetroChina (00857.HK) and CNOOC (00883.HK) opened down 2.5% and 1.5%.

In the tech sector, Tencent (00700.HK) and Alibaba (09988.HK) opened down 0.2% and 0.5%, respectively, while Meituan (03690.HK) opened down 0.8%. JD.com (09618.HK), Baidu (09888.HK), NetEase (09999.HK), and Kuaishou (01024.HK) opened up 0.4% to 0.7%. In the chip sector, SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) opened up 1.1% and 1%, respectively, while Will Semiconductor (06082.HK) opened up 2.7%. In the mobile components sector, Sunny Optical (02382.HK) opened up 1.4%. AI stocks Zhizhu (02513.HK) opened up 0.6%, and MiniMax (00100.HK) opened up 3.6%. In the optical communication sector, Cambridge Technology (06166.HK) opened up 7.6%.

In the automotive sector, BYD (01211.HK) and XPeng (09868.HK) opened up 1% and 1.1%, respectively, while Xiaomi (01810.HK) opened up 0.1%, and Leapmotor (09863.HK) and Nio (09866.HK) opened down 2.1% and 1.4%. In the battery sector, CATL (03750.HK) opened up 1.2%. In the financial sector, HSBC (00005.HK) opened up 0.7%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened up 0.3% and 0.1%