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<H Shrs>HSI Opens 203 Pts Lower; BABA-W Retreats 2%+; CKH HOLDINGS, BYD COMPANY Rally Against Mkt
Recommend 2 Positive 4 Negative 3 |
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The HSI opened 203 points or 0.8% lower at 26,641. The HSCEI dropped 69 points or 0.7% to 9,151. The HSTECH fell 45 points or 0.8% to 5,777. It is reported that four smartphone makers, Xiaomi, OPPO, vivo, and Transsion, have lowered their annual shipment forecasts. XIAOMI-W (01810.HK) opened down 1.3% at HKD36.62. JD-SW (09618.HK) and NTES-S (09999.HK) dipped 0.5-0.8%. KUAISHOU-W (01024.HK), BYD ELECTRONIC (00285.HK), and SUNNY OPTICAL (02382.HK) shed 1.5-0.5%. Among other tech stocks, BABA-W (09988.HK) eroded 2.5% at open. TENCENT (00700.HK) and MEITUAN-W (03690.HK) slipped 1.5% and 1.2%. BIDU-SW (09888.HK) remained flat at HKD145.6. Chip stock SMIC (00981.HK) also opened intact at HKD79.2, while its peer HUA HONG SEMI (01347.HK) edged up 0.2% to HKD107. As Canada announced an import of 49,000 electric vehicles from China and a reduction in tariffs to 6.1%, carmaker BYD COMPANY (01211.HK) opened up 1.3% at HKD100.5. NIO-SW (09866.HK) also rose 1%. In contrast, LI AUTO-W (02015.HK) and XPENG-W (09868.HK) faded 1% and 2%. Supported by rumors of an AS Watson spin-off, CKH HOLDINGS (00001.HK) rallied 2.5% to HKD62 at open. AAStocks Financial News |
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