HSI Opens 94 pts High; CN Homebuilders Advance, while WUXI BIO Rebounds 1%

Hong Kong stocks opened higher in the morning. $Hang Seng Index (800000.HK)$ opened 94 points or 0.6% higher at 16,046. $Hang Seng China Enterprises Index (800100.HK)$ opened 34 points or 0.7% higher at 5,394. $Hang Seng TECH Index (800700.HK)$ opened 25 points or 0.8% higher at 3,212.

$WUXI APPTEC (02359.HK)$ held an emergency investor conference call and reiterated that its business development does not pose any risk to national security. WUXI APPTEC opened flat at $64.6, while $WUXI BIO (02269.HK)$ opened 1% higher at $24.8.

Domestic property stocks traded higher at open. $YUEXIU PROPERTY (00123.HK)$ opened hiking 7.9%, while $LONGFOR GROUP (00960.HK)$ and $CHINA JINMAO (00817.HK)$ opened 2.8% and 3% higher. $CHINA OVERSEAS (00688.HK)$ and $CHINA RES LAND (01109.HK)$ opened 1% and 1.4% higher.