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<H Shrs>HSI Opens 139 Pts Higher as Chip/ AI Stocks Gain; NIO-SW Slumps 6%+
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Hong Kong stocks stabilized at open this morning (10th). The HSI opened 139 points or 0.5% higher at 25,891. The HSCEI opened 43 points or 0.5% higher at 8,655. The HSTECH opened 22 points or 0.5% higher at 4,844.

Chip stock HUA HONG SEMI (01347.HK) mounted 3.5%, while SMIC (00981.HK) jumped up 2.3%. AI stock KNOWLEDGE ATLAS (02513.HK) elevated 3.1%, while MINIMAX-W (00100.HK) ballooned 2.4%.

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Gold miner ZIJIN MINING (02899.HK) climbed 1.6%, while LINGBAO GOLD (03330.HK) mushroomed 3.3%. Chinese airlines CHINA SOUTH AIR (01055.HK), CHINA EAST AIR (00670.HK) and AIR CHINA (00753.HK) advanced 1.2-2.4%.

Automaker XIAOMI-W (01810.HK) lifted 0.2%, while XPENG-W (09868.HK) and BYD COMPANY (01211.HK) picked up 0.7%. NIO-SW (09866.HK) announced a starting pre-sale price of RMB528,000 for its ES9, with the official launch set for late May, but its stock price plummeted 6.8%. Morgan Stanley noted that NIO-SW’s share price has risen 36% over the past month, with profit-taking pressure in the near term following the Company's release of the ES9.

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