HSI Opens 29 pts Higher

Hong Kong stocks entered the results peak season. $Hang Seng Index (800000.HK)$ opened 29 points or 0.2% higher at 16,559. $Hang Seng China Enterprises Index (800100.HK)$ opened 13 points or 0.2% higher at 5,794. $Hang Seng TECH Index (800700.HK)$ opened 10 points or 0.3% higher at 3,538.

$XIAOMI-W (01810.HK)$ 's 4Q23 adjusted net profit surged 2.36x, beating expectations, and its share price climbed 2.2% to $15.2. $PA GOODDOCTOR (01833.HK)$ narrowed its loss to RMB323 million in 2023, and its share price added 0.8% to $12.08.

For other techs, $BABA-W (09988.HK)$ and $TENCENT (00700.HK)$ gained 0.3% and 0.1%, after TENCENT released its results after the market closed. $MEITUAN-W (03690.HK)$ opened flat at $89.2, while $JD-SW (09618.HK)$ picked up 0.8%. $BIDU-SW (09888.HK)$ hiked 0.6%, while $NTES-S (09999.HK)$ opened flat at $162.8.