HSI1 24,175.12 +144.94 339.59B
HSCEI1 8,039.19 +41.90 95.13B
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HSI Closes Up 144 pts for Day; CKH HOLDINGS Rallies 7%+; KNOWLEDGE ATLAS and ILUVATAR COREX Dive ~19%
2026-07-10 16:36:38
The HSI closed at 24,175.12, up 144 pts or 0.6%, with total market turnover at HKD339.592 billion. The HSTECH closed at 4,721, down 9 pts or 0.21%. The HSCEI closed at 8,039, up 41.9 pts or 0.52%.

Major techs presented mixed trends. XIAOMI-W (01810.HK) boomed, closing at HKD25.84, up 3.36% for the day. BABA-W (09988.HK) jumped up 2.04%, while TENCENT (00700.HK) and NTES (09999.HK) sagged more than 2%.

Recently, several companies conducted share placements after lock-up expirations. MINIMAX-W (00100.HK) launched a share placement and issued zero-coupon guaranteed convertible bonds to raise more than HKD16 billion in total, with its share price diving 9.68% for the day. KNOWLEDGE ATLAS (02513.HK) plunged 19.29% after conducting a share placement at a 13% discount, with net proceeds exceeding HKD31.37 billion. ILUVATAR COREX (09903.HK) raised more than HKD7 billion net through a placement at a 15% discount, sending its shares down 18.68%. GIGADEVICE (03986.HK) also slumped 21.05% as cornerstone investor lock-up shares will expire on July 13.

Among blue chips, CATL (03750.HK) came under pressure and closed down nearly 8%, making it the worst-performing blue chip of the day. LENOVO GROUP (00992.HK) rose 1.83%. CKH HOLDINGS (00001.HK) was the best performer, climbing 7.53%. On the news front, UBS raised its TP on CKH HOLDINGS by 19% to HKD101, believing that refraining from further asset disposals would support higher dividend payouts.
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