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<H Shrs>HSI Opens Up 75 Pts; XPeng Soars 4%+; HSBC Thrives Ahead of Earnings Release
Recommend 3 Positive 2 Negative 6 |
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The US and China reached a consensus on trade issues, leading to record highs in the three major US stock indices. The Hong Kong bourse started higher in the morning, with the HSI opening up 75 points or 0.28% at 26,508; the HSCEI up 22 points or 0.2% at 9,489; and the HSTECH up 27 points or 0.4% at 6,198. In the financial sector, HSBC HOLDINGS (00005.HK) is set to announce its quarterly results at noon, with the stock opening 1.2% higher at HKD103.2. BOC HONG KONG (02388.HK) will release its quarterly results during the day, with its stock opening 0.1% higher at HKD38. HKEX (00388.HK) and AIA (01299.HK) opened 0.4% and 0.9% higher, respectively. For techs, BABA-W (09988.HK) opened 0.2% higher at HKD174; TENCENT (00700.HK) opened flat at HKD656; MEITUAN-W (03690.HK) opened flat at HKD102, and SMIC (00981.HK) opened flat at HKD82.8. JD-SW (09618.HK), KUAISHOU-W (01024.HK), and BILIBILI-W (09626.HK) opened 0.8-1.4% higher, while XIAOMI-W (01810.HK) and NTES-S (09999.HK) opened 0.9% and 0.7% lower, respectively. BIDU-SW (09888.HK) opened 0.3% higher at HKD125.5, and SUNNY OPTICAL (02382.HK) opened 2% higher. As to autos, XPENG-W (09868.HK) opened 4.6% higher, while GEELY AUTO (00175.HK) and BYD COMPANY (01211.HK) opened 0.9% and 0.6% higher, respectively. In the sportswear sector, ANTA SPORTS (02020.HK) reported low single-digit positive growth in retail sales of Anta brand products in the third quarter, with its stock opening 0.2% higher at HKD88. AASTOCKS Financial News Website: www.aastocks.com |
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