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<H Shrs>HSI Finishes Up 124 pts, Fails to Hold 25,000 Level; KNOWLEDGE ATLAS Leaps 33%, LENOVO GROUP Swells 9%+
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The HSI failed to hold the 25,000 level and settled at 24,842, up 124 pts or 0.5%, with full-day turnover of HKD283.353 billion. The HSTECH closed at 4,765, up 60 pts or 1.28%, while the HSCEI ended at 8,375, up 1 pt or 0.02%.

Among blue chips, LENOVO GROUP (00992.HK) closed at HKD24.42, up 9.31%, making it the best-performing blue chip. SUNNY OPTICAL (02382.HK) rallied 6.57%; GEELY AUTO (00175.HK) soared 4.65%; CATL (03750.HK) climbed 4.83%. AIA (01299.HK) and HSBC HOLDINGS (00005.HK) both increased more than 2%. CHALCO (02600.HK) lost 8.52% against the broader market, the worst-performing blue chip. After news that its privatization plan had lapsed, Citi downgraded ENN ENERGY (02688.HK) to Neutral, and the stock stumbled 6.55% for the day.

KNOWLEDGE ATLAS (02513.HK) had its TP raised by JP Morgan, with shares at one point ballooning more than 47% before closing at HKD1,457, up 32.82%. MINIMAX-W (00100.HK), downgraded by JP Morgan to Neutral, ticked up in the afternoon and closed up 7.02%. XUNCE (03317.HK) added 2.51% after entering into strategic cooperation agreements with METAX, ILUVATAR COREX, BIREN TECH.

Major techs jumbled. TENCENT (00700.HK) and BABA-W (09988.HK) faded about 0.8%. MEITUAN-W (03690.HK) edged up 0.45%. XIAOMI-W (01810.HK) and KUAISHOU-W (01024.HK) rose about 0.2% and 0.8%, respectively.

Following the US-Iran peace deal, oil prices declined, weighing on oil stocks. PETROCHINA (00857.HK) fell off3.48% and CNOOC (00883.HK) slid 2.89%. Spot gold returned above the USD4,300 mark, lifting gold miners. ZIJIN MINING (02899.HK) and ZHAOJIN MINING (01818.HK) soared nearly 7%, while ZIJIN GOLD INTL (02259.HK) surged 15.06%.
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