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<H Shrs>HSI Closes Down 292 Pts in Yr of Horse, HSTECH Sags 2.9%, but Robotics Stocks/ AI Large Model Listed IPOs Surge
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Hong Kong stocks resumed trading after the Lunar New Year (LNY) holiday, declining on the first trading day of the Year of the Horse. The HSI lost 292 points or 1.1% to close at 26,413. The HSCEI dropped 110 points or 1.2% to close at 8,959. The HSTECH faded 156 points or 2.9% to close at 5,211. Total market turnover for the day amounted to $165.373 billion. Oil producers PETROCHINA (00857.HK) and CNOOC (00883.HK) leaped 3.7% and 2.2%. CNOOC ascended to an all-time high of $26.16 during the intraday trading session, while PETROCHINA inclined to $9.64 during the intraday trading session, setting an over-10-year high. Oilfield services provider CHINA OILFIELD (02883.HK) mounted 3.2%, while energy transportation stock COSCO SHIP ENGY (01138.HK) swelled 6.3%. Shipper SITC (01308.HK) escalated 6.3%. Robot martial arts performance at the CCTV Spring Festival Gala became a hot topic, driving sharp gains in robotics concept stocks. DOBOT (02432.HK) and ROBOSENSE (02498.HK) spiked 21.4% and 9.2%, while UBTECH ROBOTICS (09880.HK) and MINTH GROUP (00425.HK) hyped up 4.7% and 4%. SANHUA (02050.HK) and HESAI-W (02525.HK) advanced 5.6% and 7.9%. Three major AI large model listed IPOs surged. HAIZHI TECH GP (02706.HK) and KNOWLEDGE ATLAS (02513.HK) rocketed 20% and 43%, while MINIMAX-WP (00100.HK) soared 14.5%. The turnover for KNOWLEDGE ATLAS/ MINIMAX-WP amounted to over $3.2 billion/ $3.5 billion respectively. AAStocks Financial News Website: www.aastocks.com |
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