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<H Shrs>HSI Ends Up 202 Pts; EVs, CN Developers Surge
Recommend 103 Positive 163 Negative 81 |
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The HSI ballooned 202 pts or 1.1% to close at 17,989; the HSCEI added 84 pts or 1.34% to close at 6,331; and the HSTECH hiked 99 pts or 2.9% to close at 3,560. The MSCI will change its constituents after the market closes. The total turnover of the local market elevated to $173.499 billion. Automakers were speculated higher notably. BYD COMPANY (01211.HK) leaped 6% to $241.2. LI AUTO-W (02015.HK) and XPENG-W (09868.HK) swelled 7.8% and 8.3%. GWMOTOR (02333.HK)'s interim net profit shot up by 4.2 times YoY, and its share price leaped 7.3%. LEAPMOTOR (09863.HK) and NIO-SW (09866.HK) rocketed 4.6% and 10.7%. BYD ELECTRONIC (00285.HK), which is involved in new energy vehicles, spiked 3.8%, while XIAOMI-W (01810.HK) also gained 3.3%. On the tech front, BABA-W (09988.HK) and JD-SW (09618.HK) mounted 3% and 3.6%. TENCENT (00700.HK) climbed 1.2%. MEITUAN-W (03690.HK), BIDU-SW (09888.HK), KUAISHOU-W (01024.HK) and BILIBILI-W (09626.HK) added 1.8%-2.5%. Chinese property developers escalated after rumors that China is considering allowing homeowners to remortgage to lower mortgage rates. CIFI HOLD GP (00884.HK) and CHINA VANKE (02202.HK) shot up 11.8% and 9.9%. GREENTOWN CHINA (03900.HK), AGILE GROUP (03383.HK) and SEAZEN (01030.HK) spiked 5.9%-6.2%. SUNAC (01918.HK) rallied 9.7%. AAStocks Financial News |
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