Hong Kong stock opening | Hang Seng Index opened 0.94% lower, Weichai Power (02338) rose more than 10%, and Technet stocks generally declined

The Zhitong Finance App learned that on September 17, the Hang Seng Index opened 0.94% lower to 24,480.57 points; the Hang Seng Technology Index fell 1.03% to 4,281.03 points; the State-owned Enterprises Index fell 0.97% to 8,127.00 points; and the Red Chip Index fell 0.96% to 4,039.25 points.

On the market, among the constituent stocks of the Hang Seng Index, Weichai Power (02338) rose 10.01%, Shenzhou International (02313) rose 1.97%, leading the increase; Xinyi Solar (00968) fell 2.47%, leading the decline. Among the constituent stocks of the Hang Seng Technology Index, Smart Spectrum (02513) rose 2.78%, MINIMAX-W (00100) rose 1.68%, Tianshu Zhixin (09903) rose 1.19%; Ctrip Group-S (09961) fell 1.92%, and Ali Health (00241) fell 1.89%.

In terms of sectors, Technology Network shares generally declined, with Tencent Holdings (00700) down 1.66% and Alibaba-W (09988) down 1.13%; gold stocks weakened, Zijin Mining (02899) fell 1.51%, Shandong Gold (01787) fell 2.44%; petroleum stocks weakened, China National Offshore Oil (00883) fell 1.56%, China Petroleum & Chemical (00386) fell 1.41%, and CNPC (00857) fell 1.02%; optical concept communications stocks partially rose, and Changfei Optical Fiber Cable fell 1.02% (06869) up 1.13 %, ZTE (00763) rose 0.35%; storage concept stocks opened flat, while GigaYi Innovation (03986) and Lanqi Technology (06809) remained flat.

According to the news, the Federal Reserve announced overnight that it would raise the federal funds rate target range by 25 basis points to 3.75% to 4%, the first rate hike since July 2023. The resolution was passed by the full vote of 12 FOMC members; overnight, the three major US stock indices collectively closed down, with the Dow falling 1.21%, the S&P 500 index falling 0.45%, and the NASDAQ falling 0.01%; the US dollar index rose above 100, and the 10-year US Treasury yield rose above 5%.

In terms of individual stocks, Goldman Sachs published a report reaffirming Weichai Power's “buy” rating and is optimistic about the future of its AI data center power generation business; Zhipu said at an investor conference call held on September 16 that the full business ARR had reached 1.8 billion US dollars, and the ARR guidelines were raised from 2.4 billion US dollars to 3 billion US dollars at the end of the year.