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<H Shrs>HSI Drops 252 Pts at Midday; Techs Weaken; Some Commodity Stocks Rise
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The HSI concluded the midday down 252 points or nearly 1% at 25,843. The HSCEI dropped 115 points or 1.3% to 9,067. The HSTECH fell 72 points or 1.3% to 5,551. The total half-day turnover for the market reduced to HKD86.066 billion. In the tech sector, JD-SW (09618.HK) dipped 0.3%, though JD INDUSTRIALS (07618.HK) has initiated its IPO. MEITUAN-W (03690.HK) lost 0.7%. S&P highlighted increased risks for the company in achieving EBITDA recovery. BABA-W (09988.HK) and KUAISHOU-W (01024.HK) eroded 2% and 1.7%. TENCENT (00700.HK) and XIAOMI-W (01810.HK) slid 1.1% and 0.8%. BIDU-SW (09888.HK) shed 0.6%. NTES-S (09999.HK) and BILIBILI-W (09626.HK) slipped 3.3% and 2.7%. XD INC (02400.HK) and MEITU (01357.HK) plunged over 4%. NETEASE MUSIC (09899.HK) and KINGDEE INT'L (00268.HK) cratered 5.5% and 5.6%. Among carmakers, BYD COMPANY (01211.HK) faded 1.6% to HKD98.5. NIO-SW (09866.HK) and XPENG-W (09868.HK) lost 3% and 3.9%. LEAPMOTOR (09863.HK) gained 2.1%. Regarding other stocks, POP MART (09992.HK) ebbed 0.6%. MNSO (09896.HK) and NONGFU SPRING (09633.HK) receded 2.3% and 2.6%. Commodity stocks thrived, with CHALCO (02600.HK) soaring 5.7%. MMG (01208.HK), CMOC (03993.HK), and CHINAHONGQIAO (01378.HK) leaped 2.9-3.7%. AAStocks Financial News |
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