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<H Shrs>HSI Concludes 128 Pts Higher w/ Deals Hitting Over-2.5-yr High; CN Developers Retreat
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Hong Kong stocks boomed today. The HSI opened 591 points higher, but its gains later narrowed. It once rose as high as 19,072 at close, up only 72 points. It concluded the day 128 points, or 0.7%, higher at 19,129. The HSCEI gained 51 points, or 0.8%, to close at 6,765. The HSTECH grew 8 points, or 0.2%, closing at 3,924. The total market turnover for the day increased to $254.845 billion, marking the highest since March 17, 2022. As for tech stocks, BABA-W (09988.HK) slipped 0.8% to $91.3. TENCENT (00700.HK) edged up 0.8% to $405.4. MEITUAN-W (03690.HK), JD-SW (09618.HK), and NTES-S (09999.HK) advanced 1-1.4%. XIAOMI-W (01810.HK) dropped 3.1% to $20.55, and BIDU-SW (09888.HK) inched down 0.2%, while KUAISHOU-W (01024.HK) and BILIBILI-W (09626.HK) climbed 2.1% and 3.6%, respectively. In addition, ALI HEALTH (00241.HK), PA GOODDOCTOR (01833.HK), and NEW ORIENTAL-S (09901.HK) swelled 5.7-6%. CLOUD MUSIC (09899.HK), XD INC (02400.HK), KINGSOFT (03888.HK), and TME-SW (01698.HK) hiked 3.7-4.6%. SUNNY OPTICAL (02382.HK) and COWELL (01415.HK) fell 2.1% and 3.2%. GDS-SW (09698.HK) retreated nearly 10%. Car stocks LEAPMOTOR (09863.HK) rocketed 6.6%. GWMOTOR (02333.HK) and BYD COMPANY (01211.HK) ascended 2.6% and 1.2%. Among pharma stocks, AKESO (09926.HK) and WUXI BIO (02269.HK) soared over 4%, while CMS (00867.HK) dived 4.3%. Chinese developers retreated, with R&F PROPERTIES (02777.HK), GREENTOWN CHINA (03900.HK), and CHINA RES LAND (01109.HK) falling over 2%, and SINO-OCEAN GP (03377.HK) plunging 6.6%. AAStocks Financial News |
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