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<H Shrs>HSI Ends Down 479 Pts; Kuaishou, China Life Plunge 14%, 8%+ Post-Results
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KUAISHOU-W (01024.HK), CHINA LIFE (02628.HK), and POP MART (09992.HK) saw plunges in share prices post-results, leading Hong Kong bourse downward. The HSI ended down 479 points or 1.9% at 24,856. The HSCEI sagged 192 points or 2.2% to close at 8,389. The HSTECH dropped 161 points or 3.3% to 4,761. The total market turnover for the day was HKD261.662 billion. KUAISHOU-W (01024.HK) faced market concerns over slackening core business growth and the impact of AI investments on profitability, as well as challenges from the AI video model SkyReels-V4. The share price plunged 14% to HKD45.6. KINGSOFT (03888.HK) posted a 29% increase in annual net profit, with its stock soaring 4.5%. KINGSOFT CLOUD (03896.HK) reported a 2.66x growth in adjusted EBITDA for the year, with its stock up 0.3%. Among other techs, TENCENT (00700.HK) tumbled 2%. MEITUAN-W (03690.HK) will announce its results after the market close, with its stock ebbing 3.7%. BABA-W (09988.HK) slid 4.6%, whereas BIDU-SW (09888.HK) and NTES-S (09999.HK) plummeted 2.3% and 2.6%, respectively. JD-SW (09618.HK) rose 1.1%. In the insurance sector, CHINA LIFE (02628.HK) nosedived 8.5%, with brokers estimating a loss of RMB13 billion in 4Q25. NCI (01336.HK) slumped 6.1%. PICC GROUP (01339.HK) and PING AN (02318.HK) cratered 3.9% and 3.8%, respectively. CHINA TAIPING (00966.HK) dipped 1.1% for the day. AASTOCKS Financial News Website: www.aastocks.com |
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