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<H Shrs>HSI Closes Down 271 pts with Turnover $320B; XIAOMI-W Dives 4%+ Post-results
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The HSI closed at 25,328, down 271 pts or 1.06%, with full-day turnover reaching HKD320.758 billion. The HSCEI closed at 8,463, down 113 pts or 1.33%. The HSTECH closed at 4,907, down 39 pts or 0.8%. Major techs were broadly under pressure. XIAOMI-W (01810.HK) had its TP cut by brokers after reporting results, closing at HKD28.4, down 4.57%. BABA-W (09988.HK) sagged 2.59%. TENCENT (00700.HK), JD-SW (09618.HK), MEITUAN-W (03690.HK) and KUAISHOU-W (01024.HK) each dropped more than 1%. NTES-S (09999.HK) bucked the trend, closing at HKD195.4, up 3.22%, after mainland authorities approved 154 domestic games in May, including NetEase's "Ghost Shadow Blade (literal translation of "詭影藏鋒")". CATL (03750.HK) thrived, up 6.38% against the market to HKD700, making it the best-performing blue chip. LENOVO GROUP (00992.HK) gained 4.45% to HKD19, hitting a record closing high. CSPC PHARMA (01093.HK) reported a 40% plunge in 1Q earnings YoY, with its shares diving 5.38%, the worst-performing blue chip. 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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