HSI Opens 20 pts Lower; JD Mounts 16%

Hong Kong stocks opened lower in the morning session.  $Hang Seng Index (800000.HK)$ opened 20 points or 0.1% lower at 16,417. $Hang Seng China Enterprises Index (800100.HK)$ opened 20 points or 0.4% higher at 5,693. $Hang Seng TECH Index (800700.HK)$ opened 15 points or 0.5% higher at 3,428.

JD's US ADR $JD.com (JD.US)$ surged 16% after the Company reiterated that its 2024 revenue will outperform overall retail growth. The stock shot up 8.2% to $96.5. $JD LOGISTICS (02618.HK)$ rallied 8.2% after it turned a loss into a profit of RMB616 million for 2023.

For other techs, $NTES-S (09999.HK)$ lost 4% to $162.7, while $BABA-W (09988.HK)$ and $TENCENT (00700.HK)$ climbed 0.3% and 0.1%.  $MEITUAN-W (03690.HK)$ , $XIAOMI-W (01810.HK)$ and $KUAISHOU-W (01024.HK)$ added 0.8% to 1.2% each, while $BIDU-SW (09888.HK)$ slid 0.2%.