HSI Opens 37 pts Up; NEW ORIENTIAL Series Narrow Gains After Surging at Open

DJIA rebounded 294 points or 0.8% last night after a pause in JPY carry trade unwinding, and Hong Kong stocks opened higher in the morning. $Hang Seng Index.HK$ opened 37 points or 0.2% higher at 16,684, while $Hang Seng China Enterprises Index.HK$ opened 16 points or 0.3% higher at 5,868. $Hang Seng TECH Index.HK$ opened 19 points or 0.6% higher at 3,361.

$NEW ORIENTAL-S.HK$ increased buyback to USD700 million and proposed a special dividend. Its shares opened rocketing 13.7% at $59.7 before narrowing its gains. $EAST BUY.HK$ from the same series elevated 3.6% at open.

As for other dot-com stocks, $BABA-SW.HK$ opened 1% higher at $76, and $TENCENT.HK$ opened 0.2% higher at $355.2. $MEITUAN-W.HK$ opened elevating 0.6%, $BIDU-SW.HK$ and $JD-SW.HK$ opened inclining 1.4% and 1.6% higher, but $XIAOMI-W.HK$ opened dipping 0.3% at $15.78. $WB-SW.HK$ opened hiking 5.5% at $60.95, as $TRIP.COM-S.HK$ opened 4.1% higher.