Hong Kong stocks dip at open

Hong Kong shares dipped at the open on Wednesday, as investors were cautious about the outcome of the upcoming US-China meeting.

The benchmark Hang Seng Index decreased 22 points, or 0.09 percent, to 25,064.

The tech gauge was flat at 4,438.

Chipmakers rallied, with Hua Hong Grace Semiconductor (1347) and Semiconductor Manufacturing International Cooperation (0981) rising 0.8 percent and 0.9 percent.

Tech giants delivered mixed performance. Tencent (0700) and Xiaomi (1810) went up 0.4 percent and 0.3 percent, while Alibaba (9988) and Meituan (3690) fell 0.9 percent and 0.3 percent.

Due to subdued oil prices, CNOOC (0883) opened 1 percent lower, marking the worst performer among blue chips at the open.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓