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<H Shrs>HSI Opens Down 183 pts; CATL Softens; AI Stocks Falter Broadly
Recommend 4 Positive 1 Negative 5 |
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The HSI opened down 183 points or 0.7% at 26,303. The HSCEI dropped 65 points or 0.7% to 8,878. The HSTECH fell 51 points or 1% to 5,009. Market heavyweights retreated across the board. TENCENT (00700.HK) opened 1.1% lower at HKD513.5. BABA-W (09988.HK) faltered 2.2% to HKD133.3. MEITUAN-W (03690.HK) faded 1.4%. XIAOMI-W (01810.HK) edged down 0.7%. BYD COMPANY (01211.HK) added 0.1%. Among financial stocks, HSBC HOLDINGS (00005.HK) opened declining 0.8% to HKD142.5. HKEX (00388.HK) dipped 0.4% to HKD415.4. AIA (01299.HK) grew 0.2% to HKD82.95. ZIJIN MINING (02899.HK) opened flat at HKD38.2. Its 1Q26 net profit surged 98%. CHINA UNICOM (00762.HK) eroded 1.8%. Its 1Q26 net profit plunged 18%. CATL (03750.HK) went down 2.2% to HKD720 amid foreign reports that Sinopec (Hong Kong) sold its stake in the company. BIDU-SW (09888.HK) and JD-SW (09618.HK) shed 2.6% and 2.4% at open. SHENZHOU INTL (02313.HK) plummeted 2.5%. JD HEALTH (06618.HK) and TME-SW (01698.HK) tumbled 2%. The retreat also included most of the AI stocks. KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK) slipped 1.3% and 2.1%. PHANCY (06682.HK) dived 7.5% to HKD36.4. It announced a share placement at a 12% discount to raise over HKD1.5 billion. MANYCORE TECH (00068.HK) soared 2.3%. Auto-translated by AI AASTOCKS Financial News |
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