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Hong Kong stocks opened lower, with the Hang Seng Index down 0.64% and the Hang Seng Tech Index down 0.42%. Mainland property and banking sectors led the gains, while gold stocks fell sharply. Meituan (03690.HK) rose 2.52% after its earnings report, and Beike (02423.HK) rose more than 4%.
Hang Seng Index futures opened down 0.58% at 25,366 points, a discount of 213 points.
The SC crude oil futures contract surged 6.00% intraday, currently trading at 628.20 yuan/barrel. The styrene (EB) futures contract rose over 2.00% intraday, currently trading at 8812.00 yuan/ton. The methanol futures contract jumped 4.00% intraday, currently trading at 2927.00 yuan/ton. The fuel oil futures contract extended its gains to 2.00% intraday, currently trading at 3744.00 yuan/ton. The glass futures contract extended its gains to 2.00% intraday, currently trading at 937.00 yuan/ton.
The main liquefied petroleum gas (LPG) contract surged 4.00% intraday, currently trading at 5999.00 yuan/ton.
In early trading, most domestic futures contracts rose, with SC crude oil up over 4%, liquefied petroleum gas (LPG), palladium, polyvinyl chloride (PVC), and coking coal up over 3%, and lithium carbonate, glass, low-sulfur fuel oil (LU), alumina, and soda ash up over 2%. On the downside, Shanghai silver fell over 3%, Shanghai gold fell over 2%, container shipping to Europe fell nearly 2%, and Shanghai tin, Shanghai nickel, and polysilicon fell over 1%.