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<H Shrs>HSI Opens 246 pts Higher as XPENG-W Spikes 15%; SMIC Mounts 5%+ Post-results
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The HSI opened 246 points or 1.2% higher at 21,199. The HSCEI opened 97 points or 1.3% higher at 7,644. The HSTECH opened 108 points or 2.3% higher at 4,786. The first AI car, “Xpeng P7+” received over 10,000 orders within 12 minutes of launch. XPENG-W (09868.HK) spiked 15% to $57.5. For other automakers, BYD COMPANY (01211.HK) and NIO-SW (09866.HK) leaped 3.1% and 3.2%, while GEELY AUTO (00175.HK) and LI AUTO-W (02015.HK) climbed 1.8% and 1.3%. SMIC (00981.HK) advanced 5.5% as its 3Q24 net profit rose 58%. NTES-S (09999.HK) shed 2.7% after it said that game anti-corruption investigation is still underway, and that its anti-corruption efforts have never ceased. For other techs, BABA-W (09988.HK) gained 2.5% to $98, while TENCENT (00700.HK) jumped 1.5% to $435. MEITUAN-W (03690.HK) lifted 1.6% to $203, while XIAOMI-W (01810.HK) and BIDU-SW (09888.HK) picked up 0.5% and 1.3%. JD-SW (09618.HK) and BILIBILI-W (09626.HK) elevated 4.3% and 5%, while KUAISHOU-W (01024.HK) mounted 3.2%. AAStocks Financial News |
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