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<H Shrs>HSI Ends Up 82 Pts; KNOWLEDGE ATLAS Surges 20%; MINIMAX-WP Closes 109% Higher than Listing Price
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The HSI ended the day up 82 points or 0.3% at 26,231. The HSCEI rose 9 points or 0.1% to close at 9,048. The HSTECH grew 8 points or 0.2%, closing at 5,687. The total market turnover for the day amounted to HKD245.13 billion.

HANG SENG BANK (00011.HK) climbed 0.4% to HKD154.5 following the approval of the privatization resolution at its shareholder meeting. HSBC HOLDINGS (00005.HK) edged up 0.4% to HKD124. CKH HOLDINGS (00001.HK) hiked 3.7% to HKD57.15. It is said to have appointed Goldman Sachs and UBS to handle the listing of AS Watson in Hong Kong and London.

Related NewsNomura Elevates Baidu (BIDU.US) TP to US$178 Amid Kunlunxin IPO Filing/ Div. Forecast
BABA-W rallied 2.7% to close at HKD146.5. Citi expects its cloud business to be solid. Among other tech stocks, JD-SW (09618.HK), KUAISHOU-W (01024.HK), and BILIBILI-W (09626.HK) advanced 2.6-3.9%. TENCENT (00700.HK) and NTES-S (09999.HK) fell 0.8% and 1.3%. MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) slipped over 2%.

Chip stock SMIC (00981.HK) shed 0.7%, while its peer ILUVATAR COREX (09903.HK) surged 11%. ALI HEALTH (00241.HK), PA GOODDOCTOR (01833.HK), TME-SW (01698.HK), NETEASE MUSIC (09899.HK), EAST BUY (01797.HK), CHINA LIT (00772.HK), and XD INC (02400.HK) ticked up 3.4-4.7%. MEITU (01357.HK) rocketed 6.9%.

Regarding AI-related stocks, KNOWLEDGE ATLAS (02513.HK) shot up 20.6%. XTALPI (02228.HK) and FOURTH PARADIGM (06682.HK) spiked 10.5% and 7.4%. KINGSOFT CLOUD (03896.HK) and INSILICO (03696.HK) leaped over 4%. UNISOUND (09678.HK) plunged 11.3%. MINIMAX-WP (00100.HK) ended its debut at HKD345, 109% higher than its listing price of HKD165.

Related NewsJPM Expects Baidu (BIDU.US) Kunlunxin Spin-off/ Separate Listing to Be Key Catalyst This Year; Rating Overweight

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