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<H Shrs>HSI Closes Up 100 pts as GEELY AUTO Rallies 8%+; PV Stocks Surge
Recommend 47 Positive 84 Negative 28 |
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Hong Kong stocks ascended. The HSI added 100 points or 0.5% to close at 20,590. The HSCEI picked up 26 points or 0.4% to close at 7,385. The HSTECH climbed 54 points or 1.2% to close at 4,538. The total market turnover for the day amounted to $161.259 billion. It is rumored that China will launch a policy to limit energy consumption next month. Photovoltaic-related stocks surged, with COMTEC SOLAR (00712.HK) and SFCE (01165.HK) leapfrogging 60% and 28%. FLAT GLASS (06865.HK) and GCL TECH (03800.HK) rocketed 23% and 20%, while XINYI SOLAR (00968.HK) and XINTE ENERGY (01799.HK) soared 17% and 12%. XINYI GLASS (00868.HK) advanced 5.9%. Resources stock MMG (01208.HK) escalated 6.8%, while lithium stocks GANFENGLITHIUM (01772.HK) and TIANQI LITHIUM (09696.HK) swelled 8.8% and 7%. Automakers elevated, with GEELY AUTO (00175.HK) mushrooming 8.2%. LI AUTO-W (02015.HK) and GWMOTOR (02333.HK) jumped up 5.1% and 4.7%, while LEAPMOTOR (09863.HK) and BYD COMPANY (01211.HK) leaped 3.1-2.4%. For Chinese consumers, AIR CHINA (00753.HK), JIUMAOJIU (09922.HK), HISENSE HA (00921.HK) and MAOYAN ENT (01896.HK) mounted 3.2-3.3%, while MENGNIU DAIRY (02319.HK) and LI NING (02331.HK) lifted 2.7% and 2.5%. POP MART (09992.HK) descended 6.7% as its biggest shareholders sold shares at a discount of up to 5.5% to cash out no more than $1.6 billion. AAStocks Financial News |
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