HK Stock Market Move | The science and technology stocks opened higher across the board, driving the HEX index to open more than 2% higher. The cooling of geopolitical risks is expected to reverse pessimistic expectations.

Tech stocks all opened higher, driving the Hang Seng Tech Index up more than 2%. As for individual stocks, as of the time of writing, JD-SW (09618) rose 5.98% to HK$122.3; BIDU-SW (09888) rose 4.86% to HK$116.5; Xpeng Motors-W (09868) rose 4.04% to HK$69.5; and BABA-W (09988) rose 4.02% to HK$129.5. On the news front, White House officials stated that the second round of negotiations between the United States and Iran is currently "under discussion," but no official time has been set. This statement is seen by the market as an important signal that communication between the US and Iran has not been completely interrupted. In addition, Tencent Cloud raised the prices of its AI computing products on April 9th, following similar announcements from Alibaba Cloud and Baidu Intelligent Cloud, with price hikes of up to 34%; according to Guolian Minsheng Securities, Alibaba's multimodal model HappyHorse-1.0 topped the video generation leaderboard, and Tencent's Mix-3.0 large model is set to be released soon. Industrial previously stated that despite potential geopolitical challenges, April could see a bullish window for Hong Kong stocks. This includes a short-term shift from risk-off to risk-on in global equity markets; with risk aversion and oil prices peaking and then falling, the US dollar is likely to unwind its earlier overly pessimistic pricing of geopolitical uncertainty and liquidity tightening; the release of Tencent's Mix and DeepSeek large models, important meetings, and expectations of Trump's visit to China are expected to reverse the pessimistic expectations implied in current Hong Kong stock valuations.