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<H Shrs>HSI Gains 32 Pts at Open; POP MART Dives ~6%
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The HSI opened 32 pts or 0.2% higher at 20,521; the HSCEI opened 5 pts or 0.1% higher at 7,364; and the HSTECH opened 8 pts or 0.2% higher at 4,492.

In terms of techs, Lei Jun said that the Xiaomi 15 handset does need price hike. XIAOMI-W (01810.HK) opened 0.8% higher at $25.45. BABA-W (09988.HK) and TENCENT (00700.HK) lifted 0.9% and 1.3%. MEITUAN-W (03690.HK) and BILIBILI-W (09626.HK) faded 0.3% and 0.8%. JD-SW (09618.HK) and BIDU-SW (09888.HK) added 0.3%. NEW ORIENTAL-S (09901.HK) leaped 2.8%.

Related NewsG Sachs Cuts TPs for NEW ORIENTAL-S (09901.HK)/ EAST BUY (01797.HK) to $68/ $8.2
SUNAC (01918.HK) is reportedly preparing to set up a non-performing asset platform. SUNAC opened 1.7% higher at $2.36. TIANQI LITHIUM (09696.HK) was estimated to have turned losses in 1-3Q24. The stock opened flat at $25. POP MART (09992.HK) tracked its largest shareholder sold shares at a discount of up to 5.5% to pocket less than $1.6 billion. The stock slid 5.7% at $71.5.
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