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<H Shrs>HSI Ends 270 Pts Lower; New Oriental Series Slump; HORIZONROBOT-W Closes Up Less Than 3%
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Hong Kong stocks tumbled. The HSI closed down 270 points, or 1.3%, at 20,489. The HSCEI fell 119 points, or 1.6%, closing at 7,359. The HSTECH slipped 121 points, or 2.6%, to close at 4,483. The total market turnover for the day amounted to $165.249 billion. As for techs, TENCENT (00700.HK) slid 1.4% to $422, while BIDU-SW (09888.HK) and NTES-S (09999.HK) dropped 2.2% and 2.3%. JD-SW (09618.HK), BABA-W (09988.HK), and KUAISHOU-W (01024.HK) shed 3-3.9%. MEITUAN-W (03690.HK) and BILIBILI-W (09626.HK) dropped 4.1% and 5%. In addition, KINGDEE INT'L (00268.HK) and GDS-SW (09698.HK) sank 6.8% and 7.4%. As Apple (AAPL.US) reportedly cut iPhone 16 orders, handset component stocks AAC TECH (02018.HK) and COWELL (01415.HK) dived over 5%, while BYD ELECTRONIC (00285.HK) and Q TECH (01478.HK) tumbled over 4%. Although Lei Jun announced the release of the Xiaomi 15 series and Xiaomi HyperOS 2 next Tuesday, XIAOMI-W (01810.HK) waned 1.2% along with the market. NEW ORIENTAL-S (09901.HK) reported 1FQ revenue growth slightly below guidance. Its stock price lost 6.5%, and its fellow EAST BUY (01797.HK) cratered 9%. Car stocks GEELY AUTO (00175.HK), NIO-SW (09866.HK), and XPENG-W (09868.HK) faded 3.5-4.4%, while car dealer ZHONGSHENG HLDG (00881.HK) cascaded 7.3%. Chinese used car platform AUTOSTREETS (02443.HK) was speculated up 7.5%, on a turnover exceeding $2.1 billion. HORIZONROBOT-W (09660.HK) closed at $4.1 on its first day of trading, 2.8% higher than its listing price of $3.99. AAStocks Financial News |
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