Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<H Shrs>HSI Rises 439 pts at Midday; BABA-W Rallies 5%+; XIAOMI-W Rebounds 8%+
Recommend 4 Positive 6 Negative 2 |
||||
|
||||
|
The HSI concluded the midday at 26,216, up 439 points or 1.7%. The HSCEI grew 142 points or 1.6% to 8,824. The HSTECH rose 139 points or 2.9% to 5,010. The total half-day turnover for the market amounted to HKD107.63 billion. Southbound trading is suspended due to the Labor Day holiday and will resume on Wednesday (6th). HSBC HOLDINGS (00005.HK) and AIA (01299.HK) advanced 2.1% and 2%. HKEX (00388.HK) also gained 1%. Major blue-chip stocks performed outstandingly. TENCENT (00700.HK) leaped 1.7%. Data showed that China's weekly invocation volume for large AI models again surpassed that of the US, with Tencent Hunyuan 3's free preview edition ranking first in model invocation volume. BABA-W (09988.HK) surged 5.6%. MEITUAN-W (03690.HK) shot up 2.8%. BYD COMPANY (01211.HK) added 1.1%. Its April new energy vehicle sales spiked 7% MoM. XIAOMI-W (01810.HK) rocketed 8.8%, as BofA Securities expected its 1Q26 smartphone gross margin to beat forecasts. SMIC (00981.HK) escalated 3.1%. Among other tech stocks, BIDU-SW (09888.HK) and KUAISHOU-W (01024.HK) rallied 4.5% and 4.3%. NTES-S (09999.HK) ticked up 1.9%. BofA Securities raised its forecast for capital expenditure of global hyperscale cloud companies to over USD800 billion. Data center power supply play WEICHAI POWER (02338.HK) was hyped up 12.4%. Renewable energy stocks CHINA LONGYUAN (00916.HK), XINYI SOLAR (00968.HK), and DATANG RENEW (01798.HK) ballooned over 5%. Regarding carmakers, LI AUTO-W (02015.HK) grew 4.5% despite April deliveries falling 17% MoM. XPENG-W (09868.HK) added 2.2%. NIO-SW (09866.HK) ebbed 1.3%, even though its April deliveries rose 23% YoY. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
