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<H Shrs>HSI Slips Below 26,000, Down 426 pts; BABA-W Dives 4%
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Despite a positive atmosphere from the Xi-Trump summit and gains in US bourse overnight (14th), major Asia-Pacific markets broadly came under pressure today (15th). The HSI opened 1 pt higher this morning but quickly reversed course. Selling intensified in the afternoon, with losses widening to over 500 pts at one stage and the index ebbing below the 26,000 mark. The HSI closed at 25,962, down 426 pts or 1.62%, with full-day turnover at HKD325.386 billion. The HSCEI closed at 8,691, down 167 pts or 1.89%, while the HSTECH closed at 4,941, down 135 pts or 2.66%. SMIC (00981.HK) once leapfrogged over 7%. After its quarterly results, BNP Paribas and Morgan Stanley assigned Outperform and Overweight ratings, respectively. The stock closed at HKD71.150, down 0.49%. HUA HONG SEMI (01347.HK) plunged 8.74% after results to HKD115.9. Big techs were mixed. TENCENT (00700.HK) bucked the trend, closing at HKD456.4, up 0.33%. BABA-W (09988.HK) closed at HKD132.3, down 4.06%. MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) each slid over 3.5%, while JD-SW (09618.HK) dropped 1.69%. JD HEALTH (06618.HK) was the worst-performing blue chip, closing at HKD45.16, down 6.62%, after Nomura cut its TP to HKD67. Although ALI HEALTH (00241.HK) reported in-line quarterly results, its shares also ended lower with the broader market, diving 6.61% to HKD4.24. Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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