HSI Fades 13 Pts; HSBC Lower

Hong Kong bourse opened lower, hijacked by $HSBC HOLDINGS (00005.HK)$ . $Hang Seng Index (800000.HK)$ opened 13 pts or 0.1% lower at 16,489. $Hang Seng China Enterprises Index (800100.HK)$ opened less than 1 pt lower at 5,642. $Hang Seng TECH Index (800700.HK)$ opened 4 pts or 0.1% lower at 3,346.

$HSBC HOLDINGS (00005.HK)$ , whose 2023's results were worse than expected, slipped 2.5% at $58.75 this morning. $HANG SENG BANK (00011.HK)$ , with its dividend topping expectations, added 0.2% at $89.5. $TRIP.COM-S (09961.HK)$ , given annual net profit surge of 6.07 times, lifted 0.7% at $333.8.

As to other stocks, $HKEX (00388.HK)$ dropped 0.5%. $AIA (01299.HK)$ rallied 2.1% at $66.6. Chinese property developer $CHINA RES LAND (01109.HK)$ eroded 1.8%.