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<H Shrs>HSI Opens 145 Pts Higher as MEITUAN Prospers; MINIMAX Surges ~10%
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Hong Kong stocks opened higher in the morning session, driven by techs. The HSI opened 145 points or 0.6% higher at 26,376. The HSCEI opened 67 points or 0.7% higher at 9,116. The HSTECH opened 50 points or 0.9% higher at 5,737. The Office of the State Council Anti-Monopoly and Anti-Unfair Competition Committee announced an investigation and assessment into the competitive situation in the food delivery platform service industry. MEITUAN-W (03690.HK) jumped up 2.8% to $101.3, while JD-SW (09618.HK) added 0.9%. BABA-W (09988.HK) ticked up 0.3% to $146.9. Amid rumors that DeepSeek will release its next-generation flagship AI model in the coming weeks, chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) climbed 0.1% and 1.4%, while BIDU-SW (09888.HK) ballooned 2.3%. For AI concept stocks, SENSETIME-W (00020.HK) and BILIBILI-W (09626.HK) leaped 1.2% and 2.1%, while MINIMAX-WP (00100.HK) rallied 9.8% to $378.8. AASTOCKS Financial News Website: www.aastocks.com |
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