HSI Gains 27 Pts; Multiple CN Developers Bloom

Nasdaq rose 1.4% as AI boom pushed up technology stocks, while the market looked forward to the new non-farm payrolls data in the US. In Hong Kong, $Hang Seng Index (800000.HK)$ opened 27 pts or 0.2% higher at 16,373; $Hang Seng China Enterprises Index (800100.HK)$ opened 10 pts or 0.2% higher at 5,625; and $Hang Seng TECH Index (800700.HK)$ opened less than 1 pt lower at 3,720.

$CEB BANK (06818.HK)$ said it is working with $COUNTRY GARDEN (02007.HK)$ and other Chinese property developers to enhance support for non-state-owned developers. $CEB BANK (06818.HK)$ opened flat at $2.2. For Chinese property developers, $LONGFOR GROUP (00960.HK)$ , $COUNTRY GARDEN (02007.HK)$ and $CHINA JINMAO (00817.HK)$ added 1%-1.3%. $SUNAC (01918.HK)$ dropped 0.9%.