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<H Shrs>HSI Wanes 484 Pts at Midday as CN Insurers/ Commodities Stocks Feeble; AI Large Model Stocks Rally
Recommend 5 Positive 6 Negative 4 |
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The HSI lost 484 points or 1.8% to 26,547 at midday. The HSCEI shed 159 points or 1.74% to 9,015. The HSTECH faded 89 points or 1.65% to 5,319. Total half-day turnover of the market amounted to $128.406 billion. Financials declined, with HSBC HOLDINGS (00005.HK) and HKEX (00388.HK) sagging 2.1%. AIA (01299.HK) and STANCHART (02888.HK) cascaded 3.8%. Chinese insurers CHINA TAIPING (00966.HK), PICC GROUP (01339.HK) and CPIC (02601.HK) stumbled 3.4-4.3%, while CHINA LIFE (02628.HK) eroded 5% to close at $32.64. Gold prices fell below US$5,000 per ounce overnight, dragging down SD GOLD (01787.HK), CHINAGOLDINTL (02099.HK), ZIJIN GOLD INTL (02259.HK) and LINGBAO GOLD (03330.HK) by 3.6-4.2%. ZIJIN MINING (02899.HK) shrank 5.2%. Jewelry retailer LAOPU GOLD (06181.HK) cratered 5.3%, while LUK FOOK HOLD (00590.HK) and CHOW TAI FOOK (01929.HK) slumped 3.2% and 3%. Commodities stock JIANGXI COPPER (00358.HK) receded 3.1%, while MMG (01208.HK) and CMOC (03993.HK) slumped 4.4% and 4.5%. AI large model stocks continued to rally. MINIMAX-WP (00100.HK) rallied 9.4% on the launch of its latest flagship programming model, MiniMax M2.5. KNOWLEDGE ATLAS (02513.HK) surged 11.9%. Power equipment stocks HARBIN ELECTRIC (01133.HK) and DONGFANG ELEC (01072.HK) sank 5% and 5.6%, while wire stock YOFC (06869.HK) plunged 6.6%. AAStocks Financial News Website: www.aastocks.com |
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