HSI1 24,498.95 0.00 --
HSCEI1 8,853.10 0.00 --
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HSI Ends Down 18 Pts; LI AUTO-W Surges ~10% After Midday; Pharmas Thrive
2025-07-17 16:38:20
The HSI crossed the finish line down 18 points or 0.08% at 24,498. The HSCEI dropped 8 points or 0.1% to close at 8,853. The HSTECH gained 30 points or 0.6%, closing at 5,448. The total market turnover for the day amounted to HKD236.412 billion.

JD-SW (09618.HK) inched down 0.2% after JD Food Delivery revised its "20-minute late delivery free order" policy to a "Zhunshibao" service. BABA-W (09988.HK) lost 1.1%. MEITUAN-W (03690.HK) gained 1.1%. BIDU-SW (09888.HK) slipped 3.3% after launching "TizzyAI", an ad-free intelligent search platform. BILIBILI-W (09626.HK) shot up 2%. BofA Securities lifted its target price for the company.

Among other tech stocks, TENCENT (00700.HK) edged up 0.1% to HKD517. NTES-S (09999.HK) added 0.6%. KUAISHOU-W (01024.HK) slipped 0.6%. In addition, CHINASOFT INT'L (00354.HK) and HORIZONROBOT-W (09660.HK) ballooned 12.7% and 4.9%. NEW ORIENTAL-S (09901.HK) fell 2.5%. LENS (06613.HK) mushroomed 8.1%. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) ticked up 2%.

As for car stocks, LI AUTO-W (02015.HK) has opened pre-order for the i8 model with a price ranging from RMB350,000 to RMB400,000. LI AUTO-W was hyped up 9.7% to close at HKD124.1, with a turnover of HKD4.94 billion. XPENG-W (09868.HK) rose 1.1% after its flying car factory topped out, with completion planned for next quarter and deliveries starting in 2026. XIAOMI-W (01810.HK) faded 2%. BYD COMPANY (01211.HK) and GEELY AUTO (00175.HK) climbed 1.1% and 4.2%. Lithium stocks GANFENGLITHIUM (01772.HK) and TIANQI LITHIUM (09696.HK) swelled 5% and 4.4%.

Pharma stocks thrived. As the 11th batch of national centralized drug procurement is more transparent along with moderate price cuts, JPMorgan expects the impact on pharma firms will gradually weaken. JW THERAP-B (02126.HK) rocketed 20.7%. FUDANZHANGJIANG (01349.HK) and KINTOR PHARMA-B (09939.HK) soared 14.3% and 11%. AKESO (09926.HK) and BEIGENE (06160.HK) surged more than 10%. 3SBIO (01530.HK) and GENSCRIPT BIO (01548.HK) spiked 9.5% and 8.2%. SINO BIOPHARM (01177.HK) grew 5.9%. WUXI BIO (02269.HK) and HANSOH PHARMA (03692.HK) inclined 4.4% and 4%.
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