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<H Shrs>HSI Closes Down 232 Pts, but BYD COMPANY/ NIO-SW Gain; Healthcare Platform Stocks Drop
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Hong Kong stocks declined. The HSI slid 232 points or 0.9% to close at 25,660. The HSCEI faded 52 points or 0.6% to close at 8,602. The HSTECH lost 38 points or 0.8% to close at 4,822. Total market turnover for the day fell to $207.909 billion. The People's Daily reported that Chinese automobile production and sales surged 74.4% and 60.6% MoM in March. Looking ahead to 2Q26, the effects of policies such as the "Two New" initiatives will continue to be unleashed. The Beijing Auto Show will kick off a wave of new product launches, lifting market sentiment and auto consumption. EV makers BYD COMPANY (01211.HK) and NIO-SW (09866.HK) elevated 4.9% and 7.5% as NIO-SW’s William Li expressed confidence in achieving a 40-50% increase in annual deliveries. XIAOMI-W (01810.HK) shed 0.8%. For other techs, TENCENT (00700.HK) cratered 2.9%, while BABA-W (09988.HK), MEITUAN-W (03690.HK), NTES-S (09999.HK) and KUAISHOU-W (01024.HK) sagged 1.3-1.8%, BIDU-SW (09888.HK) waned 1.1%, while JD-SW (09618.HK) climbed 0.8%. EAST BUY (01797.HK) stumbled 4.6%, while KINGSOFT CLOUD (03896.HK) advanced 5.3%. Healthcare platform stocks dropped, with ALI HEALTH (00241.HK) and PA GOODDOCTOR (01833.HK) diving 5.4% and 4.9%. JD HEALTH (06618.HK) dipped 9.4%. Auto-translated by AI AASTOCKS Financial News |
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