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<H Shrs>HSI Ends Up 370 pts Midday; TENCENT/ MEITUAN-W Surge 7%+
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The HSI opened down 3 pts today (2nd) before reverting up. At midday, it closed at 25,768, up 370 pts or 1.46%, with half-day turnover reaching HKD200.09 billion. The HSTECH closed at 5,137, up 172 pts or 3.48%, while the HSCEI closed at 8,676, up 169 pts or 1.99%. Leading techs skyrocketed. TENCENT (00700.HK) closed at HKD469.8 at midday, up 7.75%, making it the best-performing blue chip in the morning session, amid market speculation that the company is close to launching a WeChat AI assistant. MEITUAN-W (03690.HK) rallied 7.73% at midday after Daiwa and Citi raised their TPs following its results. BABA-W (09988.HK) shot up 5.29% at midday after its Qwen unit launched the Qwen3.7-Plus multimodal model. JD-SW (09618.HK) swelled 4%, as the number of users placing orders during the first 52 hours of its "JD 618" campaign hit a record high. Among blue chips, LI NING (02331.HK) opened 4.44% higher after NBA star Stephen Curry joined as brand ambassador, but reversed to close down 0.79% at midday. LENOVO GROUP (00992.HK) leaped another 4.44% after Macquarie lifted its TP. BYD COMPANY (01211.HK) climbed 6.23%, with Citi saying its May wholesale volume topped expectations. 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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