Hong Kong Stocks Open Higher; Tech Shares Diverge, Biopharma Leads Gains, Battery Stocks Pull Back

On the morning of February 27, Hong Kong’s three major indices opened higher collectively: the Hang Seng Index rose 0.25%, the Hang Seng China Enterprises Index gained 0.04%, and the Hang Seng Tech Index edged up 0.15%. Market sentiment remained cautious following a 1.78% drop in U.S.-listed Chinese stocks overnight, leading to divergent performance among tech shares—JD.com climbed about 1%, while Baidu fell 1%. The biopharmaceutical sector was notably active, with innovative drug-related stocks leading gains; WuXi Biologics and Zai Lab surged nearly 5%. Most auto, steel, and gold stocks advanced. However, lithium battery leaders Tianqi Lithium and Ganfeng Lithium, which had risen against the broader market trend the previous day, pulled back today, and FiberHome Telecommunication Technologies in the optical communications sector plunged 4.56%.