Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<H Shrs> HSI Gains 205 pts at Half-day as Chip Stocks Lead, SMIC (00981.HK) Surges Over 9%
Recommend 3 Positive 4 Negative 2 |
||||
|
||||
|
Hopes for a US-Iran agreement lifted US stock futures, supporting Hong Kong equities in early trading. The HSI opened up 131 pts and extended gains to as much as 311 pts, once reaching 26,210. At midday, the HSI rose 205 pts or 0.8% to 26,104; the HSCEI gained 44 pts or 0.5% to 8,775; and the HSTECH advanced 65 pts or 1.3% to 4,994. Half-day turnover totaled HKD165.873 billion. Overseas chip stocks rallied strongly, with CAMBRICON (688256.SH) surging 13.8%. Related Hong Kong names also climbed. BABA-W (09988.HK) and BIDU-SW (09888.HK) rose 4% and 4.3%, respectively. SMIC (00981.HK) and HUA HONG SEMI (01347.HK) jumped 9.4% and 12.6%. GIGADEVICE (03986.HK) and ILUVATAR COREX (09903.HK) soared 17% and 12.4%, while BIREN TECH (06082.HK) gained 5.2%. Chip equipment maker ASMPT (00522.HK) added 5.1%. PCB material supplier KB LAMINATES (01888.HK) rose 7.7%, and KINGBOARD HLDG (00148.HK) gained 5.3%. Cloud service providers KINGSOFT CLOUD (03896.HK) and GDS-SW (09698.HK) increased 6.4% and 5.9%. AI-related stocks were mixed. KNOWLEDGE ATLAS (02513.HK) and INSILICO (03696.HK) fell 2.8% and 2.9%, MINIMAX-W (00100.HK) declined 1.6%, and MANYCORE TECH (00068.HK) dropped 4%. MEITU (01357.HK) reported a 30% YoY increase in 1QYY paying subscribers and a 56% rise in ARR for its AI productivity applications, with its share price surging 16%. Among other tech names, TENCENT (00700.HK) and MEITUAN-W (03690.HK) slipped 1.4% and 0.9%, while KUAISHOU-W (01024.HK) and NEW ORIENTAL-S (09901.HK) gained 1.7% and 3.9%. In handset-related stocks, LENS (06613.HK) rose 7%, while COWELL (01415.HK) and AAC TECH (02018.HK) fell 4.3% and 3.8%. Optical fiber maker YOFC (06869.HK) retreated 4.8% after US optical component leader Lumentum pulled back following its quarterly results. Auto stocks weakened. BYD COMPANY (01211.HK) fell 2.1%, while LI AUTO-W (02015.HK), NIO-SW (09866.HK) and XPENG-W (09868.HK) each dropped 3.1%. XIAOMI gained 1.4%. Battery maker TIANNENG POWER (00819.HK) slid 8.5%, and CATL (03750.HK) edged down 0.1%. Pharmaceutical stocks were under pressure, with 3SBIO (01530.HK) and INNOVENT BIO (01801.HK) down 4.5% and 3.6%, CSPC PHARMA (01093.HK) and WUXI XDC (02268.HK) off 2.9%, while GENSCRIPT BIO (01548.HK) rose 4.4%. Consumer plays were generally soft, as MIXUE GROUP (02097.HK), MNSO (09896.HK), CHINA RES BEER (00291.HK) and BUD APAC (01876.HK) fell over 2%, and POP MART (09992.HK) declined 1.8%. TONGCHENGTRAVEL (00780.HK) and CTG DUTY-FREE (01880.HK) dropped 2.8% and 2.7%. Banking stocks advanced, with HSBC HOLDINGS (00005.HK), BOC HONG KONG (02388.HK) and STANCHART (02888.HK) up between 1.7% and 2.1%. HKEX (00388.HK) and AIA (01299.HK) gained 0.5% and 0.1%. Local property developers strengthened, as HENDERSON LAND (00012.HK) rose 4.2%, SHK PPT (00016.HK) and CK ASSET (01113.HK) added 3.1% and 2.6%. NEW WORLD DEV (00017.HK) clarified that it has not entered into any discloseable agreement regarding the disposal of hotel assets, yet its shares still rose 3.1%. CKH HOLDINGS (00001.HK) climbed 2.9%. CNOOC (00883.HK) fell 2.7% amid lower oil prices. As gold prices rebounded, SD GOLD (01787.HK) and ZIJIN GOLD INTL (02259.HK) gained 4.4% and 3.5%, while MMG (01208.HK) rose 3.1%. Mainland property stocks advanced, with YUEXIU PROPERTY (00123.HK) and CHINA JINMAO (00817.HK) each up 6.5%. Blue-chip developers CHINA OVERSEAS (00688.HK), LONGFOR GROUP (00960.HK) and CHINA RES LAND (01109.HK) rose between 4.2% and 4.9%. (fc/w) 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
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
