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<H Shrs>HSI Slips 213Pts at Midday; TRIP.COM-S Dives ~5%; Pharmas Soft
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At midday, the HSI settled down 213 points, or 0.8%, at 26,359; the HSCEI dropped 74 points, or 0.8%, to 9,323; and the HSTECH declined 69 points, or 1.2%, to 5,743. Morning turnover totaled HKD118.468 billion. For techs, BABA-W (09988.HK) and TENCENT (00700.HK) both sank 0.6%, and MEITUAN-W (03690.HK) dipped 0.1%. XIAOMI-W (01810.HK) and KUAISHOU-W (01024.HK) fell 1.1% and 1.2%, respectively, while BIDU-SW (09888.HK) shrank 2.8%. JD-SW (09618.HK) and NTES-S (09999.HK) eroded 1.5% and 1.6%, respectively, and BILIBILI-W (09626.HK) slid 2.8%. Tesla (TSLA.US) is requiring vehicles sold in the U.S. to be free of Chinese components, foreign media reported. Battery giant CATL (03750.HK) plunged 3.9%, while SANHUA (02050.HK) and FIT HON TENG (06088.HK) lost 1.5% and 5%, respectively. In the auto sector, SERES (09927.HK) and XPENG-W (09868.HK) tumbled 2.9% and 3%, respectively, while BYD COMPANY (01211.HK) faded 0.3%. China’s Ministry of Culture and Tourism issued a travel advisory urging Chinese tourists to avoid Japan in the near term, hitting tourism platforms. TONGCHENGTRAVEL (00780.HK) and TRIP.COM-S (09961.HK) plummeted 2.2% and 4.9%, respectively, while AIR CHINA (00753.HK) slipped 2%. Film stocks also weakened, with DAMAI ENT (01060.HK) and MAOYAN ENT (01896.HK) both down over 4%. The pharmaceutical sector remained soft, with PHARMARON (03759.HK) and CANSINOBIO (06185.HK) slumping 5.3% and 3.9%, respectively. WUXI APPTEC (02359.HK), SINO BIOPHARM (01177.HK), INNOVENT BIO (01801.HK), and WUXI BIO (02269.HK) sagged 2.8-3.2%. AAStocks Financial News |
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