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<H Shrs>HSI Opens Up 99 Pts; XPENG-W Surges 9%+; TENCENT, BIDU-SW Thrive
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The HSI opened 99 points or 0.4% higher at 26,748. The HSCEI climbed 41 points or 0.4% to 9,484. The HSTECH rose 46 points or 0.8% to 5,962. SUNNY OPTICAL (02382.HK) opened up 1.9%. Its mobile lens shipments swelled 5.7% YoY last month. Among other tech stocks, TENCENT (00700.HK) advanced 1.9% to HKD662. It is set to release its results this Thursday. BIDU-SW (09888.HK) ballooned 3.7%. The market is eyeing its management's update on autonomous taxis and chips in the results. E-commerce stocks BABA-W (09988.HK) and JD-SW (09618.HK) dropped 1.2% and 1.9%. Additionally, MEITUAN-W (03690.HK) opened flat at HKD103.3. XIAOMI-W (01810.HK) and KUAISHOU-W (01024.HK) edged 0.7% higher. NTES-S (09999.HK) and BILIBILI-W (09626.HK) inched down 0.2%. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) added 1% and 1.4%. The China Passenger Car Association reported that retail sales in China's new energy passenger car market fell 1.3% MoM last month. Carmakers delivered varying performance. GEELY AUTO (00175.HK) and BYD COMPANY (01211.HK) hiked 0.6% and 1.1% at open, while LI AUTO-W (02015.HK) and NIO-SW (09866.HK) slipped 0.3% and 2%. XPENG-W (09868.HK) opened rallying 9.6% at HKD100.8. Jefferies said it had recently joined XPENG-W's AI workshop and found that the company had already begun planning the deployment of Robotaxi operations, including city selection, site layout, and license applications. It aims to achieve mass production and commercial deployment in 2H26. AAStocks Financial News |
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