Hong Kong stock opening | Hang Seng Index opened 1.66% higher and returned to 24,000 points, Chuangke Industrial (00669) rose 10%, energy stocks fell

The Zhitong Finance App learned that on November 5, the Hang Seng Index rose 1.66% to 24,316.94 points; the Hang Seng Technology Index rose 1.43% to 3,992.39 points; the State-owned Enterprises Index rose 1.45% to 8,174.38 points; and the Hang Seng Red Chip Index rose 0.92% to 4,027.47 points.

Raw materials stocks strengthened. The Hang Seng Raw Materials Index rose 3.12%, the biggest increase among the 12 Hang Seng Indices; the Hang Seng Non-essential Consumption Index rose 2.48%, the Hang Seng IT Index rose 1.90%, the Hang Seng Financial Index rose 1.68%, and the Hang Seng Healthcare Index rose 1.51%. The top three constituent stocks of the Hang Seng Index rose 10.00% to HK$151.80; China Biopharmaceuticals (01177) rose 4.37%; Xiaomi Group-W (01810) rose 4.31%; the top three constituent stocks in the Hang Seng Technology Index were Tencent Music-SW (01698), which rose 4.37%, and Xiaomi Group-W (01810), which rose 3.76%. China Biopharmaceuticals (01177) announced on November 4 that it has signed a strategic option and licensing agreement with Boehringer Ingelheim, covering 6 preclinical oncology projects. The company will receive a down payment of US$358 million and recent payments, and has the right to collect a total of up to US$7 billion in optional exercise, development, supervision and commercialization milestone payments.

Energy stocks declined, and the Hang Seng Energy Index fell 2.63%. It was the only industry to record a decline among the 12 Hang Seng Industry Indices. The previous decline in Hang Seng Index constituent stocks was Huahong Semiconductor (01347) down 5.46% and CNPC shares (00857) down 5.46%; the previous decline in Hang Seng Technology Index constituent stocks was Huahong Semiconductor (01347) down 5.46%. Of the 95 constituent stocks of the Hang Seng Index, 76 rose, 13 fell, and 6 were flat; of the 30 constituent stocks of the Hang Seng Technology Index, 22 rose, 7 fell, and 1 flat.

Overnight, the three major US stock indices collectively closed higher. The Dow Jones Industrial Average rose 3.03% to 53,356.12 points, the Nasdaq Composite Index rose 1.44% to 25,736.51 points, the S&P 500 index rose 1.58% to 7,688.62 points; and the Philadelphia Semiconductor Index fell 3.13%. Light crude oil futures for December delivery on the New York Mercantile Exchange closed at $88.12 per barrel, a decrease of 8.29%; London Brent crude oil futures for January delivery closed at $94.62 per barrel, a decrease of 8.67%; international gold prices rose above $4,000 per ounce. On the previous trading day for Hong Kong stocks (November 4), the Hang Seng Index closed at 23,919.50 points, while the Hang Seng Technology Index closed at 3,936.02 points.