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<H Shrs>HSI Climbs 88 Pts at Midday as BABA-W/ XIAOMI-W Gain; POP MART Swells 6%+
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The HSI inched up 88 points or 0.33% to 26,718 at midday. The HSCEI ascended 30 points or 0.3% to 9,145. The HSTECH ticked up 7 points or 0.1% to 5,769. Total half-day turnover of the market amounted to $127.938 billion. Market rumors suggest BABA-W (09988.HK) decided to support its chip subsidiary's separate listing, boosting its share price by 2.6% to $169.1. Enflame, one of the 'Four Dragons of Domestic GPU', had its STAR market IPO application accepted. Chip stocks declined along with its Chinese peers, with SMIC (00981.HK) and HUA HONG SEMI (01347.HK) dropping 0.8% and 2.2%. INNOSCIENCE (02577.HK) and ILUVATAR COREX (09903.HK) faded 3.1% and 7.4%, while chip equipment stock ASMPT (00522.HK) waned 3.5%. For financials, HSBC HOLDINGS (00005.HK) slid 0.2%, while HKEX (00388.HK) and AIA (01299.HK) lifted 0.6% and 0.1%. There are reports that POP MART (09992.HK) launched its Valentine's Day limited edition Twinkle Twinkle series products, with a premium of nearly 7x for hidden variants, driving its share price up by 6.5%. Automaker BYD COMPANY (01211.HK) shed 1%. XIAOMI-W (01810.HK) jumped up 2.5% after it announced a $2.5 billion share buyback program. Intelligent driving stocks WERIDE-W (00800.HK) and PONY-W (02026.HK) advanced 5.6% and 6.0%, while lithium stocks TIANQI LITHIUM (09696.HK) and GANFENGLITHIUM (01772.HK) leaped 3% and 5.3%. Robotics concept stock JOHNSON ELEC H (00179.HK) slumped 7% as its operating data missed market consensus. SANHUA (02050.HK) and ROBOSENSE (02498.HK) shrank 3.4% and 3%. AASTOCKS Financial News Website: www.aastocks.com |
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