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<H Shrs>HSI Opens Down 20 Pts; Autos Soften; POP MART Rallies
Recommend 95 Positive 162 Negative 71 |
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The HSI opened down 20 points or 0.1% at 25,890. The HSCEI dropped 5 points or 0.1% to 9,245. The HSTECH dipped 8 points or 0.1% to 6,066. Sicarrier launched multiple products at the SEMiBAY Semiconductor Ecosystem Expo. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) opened flat at HKD76 and HKD80.85. Specialist technology stock YUNJI (02670.HK) debuted at HKD142.8, up 49.4% from its listing price of HKD95.6. SANHUA (02050.HK) sank 5%. It has denied rumors of receiving a large robot order. Among other tech stocks, NEW ORIENTAL-S (09901.HK) opened 6.5% higher. BABA-W (09988.HK), XIAOMI-W (01810.HK), and KUAISHOU-W (01024.HK) edged up 0.4-0.9%. TENCENT (00700.HK), NTES-S (09999.HK), and JD-SW (09618.HK) inched 0.2-0.5% lower. MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) lost 0.9% and 1.4%. BILIBILI-W (09626.HK) added 0.1%. Carmakers GEELY AUTO (00175.HK), BYD COMPANY (01211.HK), LI AUTO-W (02015.HK), NIO-SW (09866.HK), and XPENG-W (09868.HK) opened declining 0.6-1.4%. Chinese developers CHINA OVERSEAS (00688.HK) and CHINA RES LAND (01109.HK) also retreated 1.5% and 0.6% at open. Against the market trend, however, consumer stock POP MART (09992.HK) rallied 2.1%. AAStocks Financial News |
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