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<H Shrs>HSI Closes Up 386 Pts, Led by Techs; BABA-W Swells 7%
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The HSI closed at a closing high of 24,590, up 386 points or 1.6%. The HSCEI climbed 144 points or 1.7% to 8,877. The HSTECH jumped up 147 points or 2.8% to close at 5,431. Total market turnover for the day amounted to $288.4 billion. Nvidia (NVDA.US) will resume sales of H20 chips to China. For techs, BABA-W (09988.HK) escalated 7% to close at $113.5, with a turnover of $21.652 billion. Moonshot, an AI startup invested by the company, released its open-source large language model Kimi K2 last week, which is an open-source and low-priced challenge to OpenAI and Anthropic products. Furthermore, GDS-SW (09698.HK) and KINGSOFT CLOUD (03896.HK) continued to spike 12.2% and 16.8%, while SMIC (00981.HK) shed 1.8%. BILIBILI-W (09626.HK) mushroomed 7.9% after revealing AI application and game product lines on Investor Day. KUAISHOU-W (01024.HK), MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) elevated 4.2-4.4%, while TENCENT (00700.HK) and NTES-S (09999.HK) mounted 3.5% and 3.4%. JD-SW (09618.HK) ballooned 2.1%. AASTOCKS Financial News Website: www.aastocks.com |
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