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<H Shrs>HSI Gains 61 Pts at Close as Casinos Preferred; NIO-SW Plunges 6%+
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The HSI inched up 61 points or 0.2% to close at 26,095, marking an incline for 2 consecutive days. The HSCEI added 9 points or 0.1% to close at 9,182. The HSTECH ebbed 20 points or 0.4% to close at 5,624. Total market turnover for the day amounted to $178.247 billion.

Macau's November GGR beat expectations, with casinos supported by brokers. GALAXY ENT (00027.HK) climbed 2.8% at close, making it the best-performing blue chip. SANDS CHINA LTD (01928.HK) and MGM CHINA (02282.HK) jumped up 2.1%, while SJM HOLDINGS (00880.HK), MELCO INT'L DEV (00200.HK) and WYNN MACAU (01128.HK) lifted 0.8-1.8%.

For automakers, XIAOMI-W (01810.HK) added nearly 1% as its vehicle deliveries this year have already surpassed the annual target of 350,000 units set at the beginning of the year. BYD COMPANY (01211.HK)'s November NEV sales amounted to 480,000 units, down 5.3% YoY but up 8.7% MoM, beating Citi Research's expectation, boosting its share price by 2.2% to close at $100.1, regaining the status as stock trading at $100 or above.

GEELY AUTO (00175.HK) slipped 0.6%, although its November total sales rose 24% YoY to 310,400 units. LI AUTO-W (02015.HK) dropped 0.8% after CMSI saw a lack of strong catalysts for the next 4 months, and downgraded rating to Neutral. XPENG-W (09868.HK) eroded 5.5% as November deliveries fell over 12% MoM to 36,700 units. NIO-SW (09866.HK) plunged 6.7%, as its November deliveries were 36,300 units, up 76.3% YoY but down 10.2% MoM. Reports indicated the rear half of NIO EC6 broke apart after a collision in Shanghai.
AAStocks Financial News
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