Hong Kong's three major stock indices all opened lower today, with the Hang Seng Index slipping 0.04% to 23,963.41 points, the Hang Seng Tech Index falling 0.47%, and the State-Owned Enterprises Index dipping 0.12%.

On the board, internet stocks declined broadly, with NetEase, Meituan, Xiaomi, and JD.com each dropping more than 1%.

AI application stocks were active, with Zhipu rising over 3%.

Power equipment shares opened higher, with Weichai Power gaining more than 1%.

Innovative drug concept stocks mostly advanced, with BeiGene climbing over 2%.

U.S. stocks rebounded last Friday as the latest U.S. non-farm payroll data came in far below expectations, significantly cooling rate hike expectations and boosting market sentiment, with all three major indices closing higher.

The U.S. dollar trended lower, the U.S. 10-year Treasury yield rose to the 5.27% level, gold prices remained under pressure, while oil prices stabilized after fluctuating.