"Hong Kong Stocks" Hang Seng Index opened 168 points lower, domestic banks and insurers weakened, AIA rose against the trend

U.S. President Trump raised global tariffs, and investors continue to worry about the impact of AI on multiple industries. The Dow Jones Industrial Average fell 821 points or 1.7% overnight (23rd). Hong Kong stocks opened lower this morning (24th). The Hang Seng Index opened down 168 points or 0.6%, at 26,913 points; the National Index opened down 67 points or 0.7%, at 9,130 points; the Hang Seng Tech Index opened down 55 points or 1%, at 5,330 points.

In the tech sector, Tencent (00700.HK), Meituan-W (03690.HK), and JD.com-SW (09618.HK) opened down 0.6% to 0.9%. Kuaishou-W (01024.HK), Baidu-SW (09888.HK), and Alibaba-W (09988.HK) opened down 1.5% to 1.6%. NetEase-S (09999.HK) opened up 0.7%, while Bilibili-W (09626.HK) and Tencent Music-SW (01698.HK) opened down 2% and 3.1%.

In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) opened down 1.7% and 0.7%. In the mobile components sector, BYD Electronics (00285.HK) and Sunny Optical (02382.HK) opened down 1.1% and 1.4%. In the automotive sector, BYD (01211.HK), Xiaomi-W (01810.HK), Li Auto-W (02015.HK), and XPeng-W (09868.HK) opened down 1% to 1.4%, while Nio-SW (09866.HK) opened up 1.3%.

In the financial sector, HSBC Holdings (00005.HK) opened down 1.2% at HKD 134.3, Hong Kong Exchanges and Clearing (00388.HK) opened down 0.4%, and AIA (01299.HK) opened up 1.5%. The four major domestic banks, Agricultural Bank of China (01288.HK), Industrial and Commercial Bank of China (01398.HK), China Construction Bank (00939.HK), and Bank of China (03988.HK) opened down 1.1% to 1.4%. In the domestic insurance sector, China Ping An (02318.HK) and China Life (02628.HK) opened down 1.4% and 1.6%. Standard Chartered announced its annual results today (24th), with the stock opening flat at HKD 192.

CK Hutchison (00001.HK) has officially taken over two ports operating in Panama, with the stock opening down 0.2% at HKD 64.15