Hong Kong stocks opened lower, with the Hang Seng Index falling more than 1%. Alibaba opened nearly 3% lower, while New Oriental EDU & Tech opened 6% higher.
JD Health fell 3.5%, China Biopharmaceuticals fell 3%, JD Group and Alibaba fell nearly 3%.
On Friday, February 9th, the Hang Seng Index opened down 1.06%, and the Hang Seng Tech Index fell 1.36%.
Among the constituents of the tech index, JD.com fell 3.5%, China Biologic Products fell 3%, JD Health and Alibaba both fell nearly 3%.
In terms of news, Alibaba released its third-quarter earnings report yesterday, with revenue growth below expectations.
Education stocks in the Hong Kong stock market performed well. TAL Education rose 6.67%, New Oriental Education rose 6.40%, and China East Education rose 0.87%.
In terms of news, the Ministry of Education has drafted the "Regulations on the Management of Off-campus Training (Draft for Solicitation of Comments)" and is now seeking public opinions. Off-campus training in academic subjects for compulsory education stage students should be subject to government-guided pricing and fee management methods formulated by provincial governments.
