European shares opened lower Tuesday, while Chinese technology stocks surged after Chinese President Xi Jinping met with entrepreneurs this week in what is seen as a show of support to the technology industry. Early European trading was mostly down, with France’s CAC 40 was down 0.18%, while Germany’s DAX dipped 0.26%. Britain’s FTSE 100 remained mostly unchanged. Hong Kong rose 1.59%, while Shanghai slipped 0.93%. Japan and South Korea rose slightly, while Australia slipped. Chinese technology stocks rallied Tuesday, with e-commerce firm Alibaba up 3% and smartphone maker Xiaomi stock price surging over 6%. Video games company Tencent and online services firm Meituan also gained. Eyes are on whether China and Hong Kong’s stock markets will continue outperforming this year.
