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<H Shrs>HSI Closes Down 454 Pts as XPENG-W Plunges 10%+; XIAOMI-W/ BIDU-SW Feeble Pre-results
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The HSI faded 454 points or 1.7%, to close at 25,930. The HSCEI dropped 153 points or 1.6% to finish at 9,174. The HSTECH lost 111 points or 1.9% to settle at 5,645. Total market turnover for the day amounted to $242.112 billion. Automaker XPENG-W (09868.HK) tumbled 10.5% to close at $85.95 as its 4Q revenue guidance missed market expectation. LEAPMOTOR (09863.HK) turned around in 3Q, and met its sales target ahead of schedule, yet its share price eroded 4.7%. Moreover, NIO-SW (09866.HK), GWMOTOR (02333.HK) and BYD COMPANY (01211.HK) cascaded 3.4-3.8%, while SERES (09927.HK) receded 4.5%. Battery stock CATL (03750.HK) waned 4.2%. For intelligent driving concept stocks, HORIZONROBOT-W (09660.HK) shrank 3.5%, while WERIDE-W (00800.HK) and PONY-W (02026.HK) descended 6.1%. HESAI-W (02525.HK) stumbled 7.7%. Lithium stocks GANFENGLITHIUM (01772.HK) and TIANQI LITHIUM (09696.HK) slumped 6.6% and 6.9%, while auto distributor ZHONGSHENG HLDG (00881.HK) dipped 5.2%. For other techs, XIAOMI-W (01810.HK) and BIDU-SW (09888.HK), which will release their quarterly results after the market close, slipped 2.8% and 1.9%, while KUAISHOU-W (01024.HK) sagged 3.2%. In addition, BABA-W (09988.HK) ebbed 0.2%, while TENCENT (00700.HK) declined by 2%. JD-SW (09618.HK), BILIBILI-W (09626.HK), NTES-S (09999.HK) and MEITUAN-W (03690.HK) fell between 1% and 1.7%, while PA GOODDOCTOR (01833.HK) and JD HEALTH (06618.HK) plummeted 4% and 4.5%. KINGSOFT CLOUD (03896.HK) leaped 4.1%. AAStocks Financial News Website: www.aastocks.com |
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