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<H Shrs>HSI Drops 126 Pts at Midday; MIDEA GROUP, BOC HONG KONG Rally Post-Results; AI, Energy Stocks Recede
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The HSI concluded the midday down 126 points or 0.5% at 24,624. The HSCEI fell 70 points or 0.84% to 8,328. The HSTECH dropped 44 points or 0.9% to 4,646. The total market turnover for the half-day amounted to HKD132.85 billion.

JD-SW (09618.HK) edged down 0.2%. It plans to issue CNY-denominated senior notes. BABA-W (09988.HK) shed 1.9%. Its newly launched full-modality large model, Qwen3.5-Omni, claimed to surpass Gemini-3.1Pro in several indicators.

Among other tech stocks, TENCENT (00700.HK) dipped nearly 0.1%. KUAISHOU-W (01024.HK), MEITUAN-W (03690.HK), BIDU-SW (09888.HK), and NTES-S (09999.HK) lost 0.5-0.9%. BILIBILI-W (09626.HK) receded 2.3%. AI stocks KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK) plummeted 7.7% and 6.8%. INSILICO (03696.HK) cratered 8.5%. Cloud service providers KINGSOFT CLOUD (03896.HK) and GDS-SW (09698.HK) eroded 4.3% and 5.4%.

Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) faded 1.1% and 2.9%. INNOSCIENCE (02577.HK) tumbled 5.3%. ILUVATAR COREX (09903.HK) plunged 11.3%.

BANK OF CHINA (03988.HK) gained 0.8%, as its full-year net profit logged a 2.2% increase. BOC HONG KONG (02388.HK) rose 4% on a 5% surge in its full-year net profit. ABC (01288.HK) grew 1.1%. It reported a 3.2% increase in full-year net profit and lifted the final dividend distribution.

MIDEA GROUP (00300.HK) leaped 6%, mirroring a 14% spike in its full-year net profit. Energy stocks were routed. Oil stocks PETROCHINA (00857.HK) and CNOOC (00883.HK) slumped 4.4% and 3.7%. Coal stock CHINA SHENHUA (01088.HK) slid 4.4%. Its peers YANKUANG ENERGY (01171.HK) and CHINA COAL (01898.HK) also dived 6.1% and 7.2%.


This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.
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