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<H Shrs>HSI Closes Up 167 Pts as XIAOMI-W Mounts ~6%; Pharmas Escalate
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The HSI gained 167 points or 0.8% to close at 21,562. The HSCEI inched up 53 points or 0.7% to close at 7,950. The HSTECH added 11 points or 0.2% to close at 4,899. The total market turnover for the day amounted to $251.382 billion. Automakers LEAPMOTOR (09863.HK), LI AUTO-W (02015.HK) and NIO-SW (09866.HK) leaped 2.9-3.7% as a local government also issued automobile consumption voucher. XIAOMI-W (01810.HK) advanced 5.8% to $44.4, while BYD COMPANY (01211.HK) climbed 2.7% to $375.8. GWMOTOR (02333.HK) cascaded 2.8%. For consumers, POP MART (09992.HK) rebounded 6.9%, while YUM CHINA (09987.HK) and CTG DUTY-FREE (01880.HK) faded 2.9% and 3.1%. TONGCHENGTRAVEL (00780.HK) stumbled 6.1% as it spent nearly RMB2.5 billion to merge with Wanda Hotel business. WANDA HOTEL DEV (00169.HK) shot up 9.7%. Pharmas surged, with LAEKNA-B (02105.HK) snowballing 26.5%. INNOCARE (09969.HK) soared 19%, while CMS (00867.HK) and INNOVENT BIO (01801.HK) surged 11%. CSPC PHARMA (01093.HK) hyped up 8.8%, while BEIGENE (06160.HK), HANSOH PHARMA (03692.HK) and AKESO (09926.HK) mushroomed 6.6-7.2%. WUXI APPTEC (02359.HK), WUXI BIO (02269.HK) and WEIGAO GROUP (01066.HK) jumped up 5%. PACIFIC BASIN (02343.HK) ballooned 2.4%, while COSCO SHIP HOLD (01919.HK) and OOIL (00316.HK) waned 0.9% and 1.1% after the US revised its port berthing fee proposal for Chinese operated and built vessels. AAStocks Financial News |
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