The tech sector opened higher across the board, driving the Hang Seng Tech Index up by more than 2%. Regarding constituent stocks, as of press time, JD.com-SW (09618) rose by 5.98% to HKD 122.3; Baidu Group-SW (09888) increased by 4.86% to HKD 116.5; XPeng Motors-W (09868) climbed by 4.04% to HKD 69.5; Alibaba-W (09988) gained 4.02% to HKD 129.5.
According to Zhitong Finance, the tech sector opened higher across the board, driving the Hang Seng Tech Index up by more than 2%. Regarding constituent stocks, as of press time, JD.com-SW (09618) rose by 5.98% to HKD 122.3; Baidu Group-SW (09888) increased by 4.86% to HKD 116.5; XPeng Motors-W (09868) climbed by 4.04% to HKD 69.5; Alibaba-W (09988) gained 4.02% to HKD 129.5.
In terms of developments, White House officials stated that the second round of negotiations between the United States and Iran is currently ‘under discussion,’ but no official timeline has been confirmed yet. This statement is seen by the market as a significant signal that US-Iran engagement has not been completely severed. Additionally, on April 9, Tencent Cloud raised prices for its AI computing power products again, following previous announcements by Alibaba Cloud and Baidu Intelligent Cloud of price increases, with hikes reaching up to 34%; according to Guolian Minsheng Securities, Alibaba’s multimodal model HappyHorse-1.0 topped the video generation rankings, while Tencent Hunyuan 3.0 large model is set to be released soon.
Industrial Securities previously noted that despite potential fluctuations in geopolitical tensions, April could present a window of opportunity for bullish positions in Hong Kong stocks. This includes global equity markets transitioning from risk-off to risk-on in the short term; as risk aversion and oil prices peak and decline, the US dollar is also likely to reverse the overly pessimistic pricing of geopolitical uncertainties and liquidity tightening; releases such as Tencent Hunyuan and DeepSeek large models, upcoming key meetings, and expectations of Trump’s visit to China may help reverse the current pessimistic sentiment embedded in Hong Kong stock valuations.













