"Hong Kong Stocks" The Hang Seng Index opened 104 points higher, Alibaba and JD.com rose, while Meituan softened

The three major U.S. stock indices hit new closing highs, with the Dow Jones rising by 196 points or 0.4%. In Hong Kong, Alibaba (09988.HK) is reported to hold a press conference to boost its stock price, leading the market to open higher. The Hang Seng Index opened up 104 points or 0.4%, at 26,042 points; the National Index opened up 35 points or 0.4%, at 9,277 points; and the Hang Seng Tech Index opened up 41 points or 0.7%, at 5,869 points.

Alibaba (09988.HK) is reported to have a "major business release" possibly related to Gaode, with its stock price opening up 2% at HKD 144.7. Meituan (03690.HK) opened down 1.2% at HKD 98.45, while its e-commerce competitor JD.com (09618.HK) opened up 2.8%.

In other tech stocks, Tencent (00700.HK) opened up 0.5% at HKD 630, while Xiaomi (01810.HK) and Baidu (09888.HK) opened down 0.3% and 0.1%, respectively. SMIC (00981.HK), NetEase (09999.HK), and Kuaishou (01024.HK) opened up between 0.8% and 1.3%, and Bilibili (09626.HK) opened up 1.7%, while Kingdee (00268.HK) opened up 2.3%.

In the automotive sector, Geely (00175.HK) and BYD (01211.HK) opened up 0.4% and 0.9%, respectively, while Nio (09866.HK) opened up 2.1%. In the pharmaceutical sector, WuXi Biologics (02269.HK) and CSPC Pharmaceutical (01093.HK) both opened up 2.2%.

In the financial sector, HSBC (00005.HK) opened up 0.1% at HKD 102.5, Hong Kong Exchanges and Clearing (00388.HK) opened up 1%, AIA (01299.HK) opened up 0.5%, and telecom stocks like China Unicom (00762.HK) opened up 1.5%