Hong Kong stocks opened modestly higher on Wednesday, with the Hang Seng Index up 0.12% and the Hang Seng Tech Index gaining 0.22%. NIO (9866.HK) led early gains, rising nearly 3% amid reports of stronger June EV deliveries, while Pop Mart (9992.HK) advanced over 1% following Morgan Stanley’s bullish target price upgrade.
The muted opening reflects cautious optimism as traders await key U.S. CPI data and Fed policy signals later today. Market breadth was neutral, with energy and tech stocks outperforming while property shares lagged.
NIO’s strength suggests EV sector recovery hopes, though broader market direction hinges on global macro trends. The Hang Seng’s ability to hold above 18,500 points remains critical for near-term sentiment.
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