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<H Shrs>HSI Drops 71 Pts at Midday; POP MART Slips 4%+; MINIMAX-WP Hyped Up ~13%
Recommend 95 Positive 127 Negative 75 |
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The HSI settled the midday down 71 points or 0.3% at 26,851. The HSCEI fell 37 points or 0.4% to 9,229. The HSTECH dropped 12 points or 0.2% to 5,815. The total market turnover amounted to HKD140.79 billion at midday. KUAISHOU-W (01024.HK) edged down 0.2% on the issuance of USD1.5 billion and RMB3.5 billion senior notes. Among other tech stocks, BABA-W (09988.HK), NTES-S (09999.HK), and BILIBILI-W (09626.HK) rose 0.4-1.1%. TENCENT (00700.HK), MEITUAN-W (03690.HK), and JD-SW (09618.HK) faded 0.8-1%. BIDU-SW (09888.HK) inched 0.4% lower. In addition, ALI HEALTH (00241.HK) and TME-SW (01698.HK) dived 5.4% and 4.7%. EAST BUY (01797.HK) swelled 6.1%. AUTOHOME-S (02518.HK) shed 4.2%, as the Cyberspace Administration of China criticized platforms, including AUTOHOME-S, for conducting irregular evaluations, disrupting the automotive industry market order. In terms of AI-related stocks, UNISOUND (09678.HK) and GDS-SW (09698.HK) plunged 6.8% and 3.1%. KNOWLEDGE ATLAS (02513.HK) gained 2.2%. MINIMAX-WP (00100.HK) shot up 13%. Chip stock SMIC (00981.HK) climbed 1.3%. Its peer HUA HONG SEMI (01347.HK) leaped 1.8% to over HKD100. In the automotive sector, LEAPMOTOR (09863.HK) grew 2.2%. XIAOMI-W (01810.HK) slid 1.6%. BYD COMPANY (01211.HK) added 0.8% to HKD99.85. As for other stocks, LI NING (02331.HK), GOLDWIND (02208.HK), and TECHTRONIC IND (00669.HK) spiked 3.7-4.3%. POP MART (09992.HK) and LAOPU GOLD (06181.HK) plummeted 4.8% and 4.4%. AAStocks Financial News |
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