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<H Shrs>HSI Finishes Up 151Pts; BABA-W Rallies 5%+; TRIP.COM-S Slips 6%+
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Mainland China's exports in last December mounted 6.6% YoY, and imports ascended 5.7%, both topping forecasts. Hong Kong’s stock market elevated, propelled by BABA-W (09988.HK). The HSI opened 123 points higher; with wilder gains, it leaped 249 points to peak at 27,097. The Shanghai/ Shenzhen/ Beijing Stock Exchanges announced an increase in margin requirements at noon. The HSI briefly lost 68 points to 26,780 in the afternoon, but closed up 151 points or 0.6% at 26,999. The HSCEI added 30 points or 0.3% to 9,315. The HSTECH hiked 38 points or 0.7% to 5,908. Total market turnover advanced to HK$340.393 billion. Alibaba's Qianwen purportedly excelled 100 million MAUs, and a blockbuster product upgrade was rumored to be released tomorrow. BABA-W surged 5.7% to close at HK$169, with a turnover of HK$40.8 billion. ALI HEALTH (00241.HK) soared 19% after the company recently exclusively launched the world's first topical innovative drug for infantile hemangiomas. KUAISHOU-W (01024.HK) proposed issuing USD and RMB senior notes and disclosed that Kuaishou Kling AI's revenue exceeded US$20 million in December last year, with its stock price leaping 4.5%. Q TECH (01478.HK) expected its consolidated profit to swell by up to 4.5 times last year, with its stock price rocketing 14.1%. Other technology stocks saw TENCENT (00700.HK) and BIDU-SW (09888.HK) rise 0.9% and 1.9% respectively, while MEITUAN-W (03690.HK) slid 3.2%, and JD-SW (09618.HK) and NTES-S (09999.HK) dipped more than 1%. Separately, PA GOODDOCTOR (01833.HK) and BILIBILI-W (09626.HK) spiked 5.1%, while MEITU (01357.HK) and JD HEALTH (06618.HK) ballooned over 3%. Travel platform TRIP.COM-S (09961.HK) dived 6.5% after the company was placed under investigation by the State Administration for Market Regulation. AAStocks Financial News |
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