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<H Shrs>HSI Sheds 53Pts at Open; Autos Boom Broadly, as XPENG-W Up 2%
Recommend 2 Positive 3 Negative 3 |
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The DJIA deteriorated overnight, down 94 points or 0.2%, as the Fed's meeting minutes showed that most officials expected further interest rate cuts. China's December manufacturing PMI was 50.1, up 0.9 ppts MoM. Hong Kong bourse opened today, the last trading day of 2025, with only a half-day session. The HSI opened 53 points lower, or 0.2%, at 25,801. The HSCEI opened 20 points lower, or 0.2%, at 8,970. The HSTECH opened 12 points lower, or 0.2%, at 5,566. In the tech sector, TENCENT (00700.HK) opened 0.4% lower. BABA-W (09988.HK) and MEITUAN-W (03690.HK) opened 0.6% lower. BIDU-SW (09888.HK) opened 0.8% lower. JD-SW (09618.HK), NTES-S (09999.HK), and KUAISHOU-W (01024.HK) opened 1.1-1.3% lower. BILIBILI-W (09626.HK) opened 0.2% higher. Mainland China reportedly requires chip manufacturers to use at least 50% domestically produced equipment when adding new production capacity, leading to a 0.6% rise in chip stock SMIC (00981.HK). The robotics concept stocks had a good run, with SANHUA (02050.HK) and UBTECH ROBOTICS (09880.HK) opening 1.5% and 2% higher respectively, and XPENG-W (09868.HK) opening 2.2% higher. The mainland clarified the scope of support for the "Two New" policies in 2026 and already allocated the first batch of RMB62.5 billion for trade-in programs. Automaker BYD COMPANY (01211.HK) opened flat at HK$97.6, while LI AUTO-W (02015.HK) and XIAOMI-W (01810.HK) opened 0.9% higher, and NIO-SW (09866.HK) opened 3.2% higher. AAStocks Financial News |
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