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<H Shrs>HSI Opens 168 Pts Lower; CN Banks/ Insurers Soften; Yet AIA Rises
Recommend 6 Positive 3 Negative 5 |
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The DJIA finished down 821 points or 1.7% overnight (23rd), as US President Donald Trump raised global tariffs, and investors continued worrying about the impact of AI on multiple industries. The Hong Kong stock market opened lower this morning (24th). The HSI opened 168 points or 0.6% lower at 26,913; the HSCEI opened 67 points or 0.7% lower at 9,130; and the HSTECH opened 55 points or 1% lower at 5,330. In the tech sector, TENCENT (00700.HK), MEITUAN-W (03690.HK), and JD-SW (09618.HK) opened 0.6-0.9% lower. KUAISHOU-W (01024.HK), BIDU-SW (09888.HK), and BABA-W (09988.HK) opened 1.5-1.6% lower. NTES-S (09999.HK) opened 0.7% higher, while BILIBILI-W (09626.HK) and TME-SW (01698.HK) opened 2% and 3.1% lower, respectively. In the chip sector, SMIC (00981.HK) and HUA HONG SEMI (01347.HK) opened 1.7% and 0.7% lower. Among mobile component stocks, BYD ELECTRONIC (00285.HK) and SUNNY OPTICAL (02382.HK) opened 1.1% and 1.4% lower. As to autos, BYD COMPANY (01211.HK), XIAOMI-W (01810.HK), LI AUTO-W (02015.HK), and XPENG-W (09868.HK) opened 1-1.4% lower, while NIO-SW (09866.HK) opened 1.3% higher. For financials, HSBC HOLDINGS (00005.HK) opened 1.2% lower at HKD134.3, HKEX (00388.HK) opened 0.4% lower, and AIA (01299.HK) opened 1.5% higher. The Big Four Chinese banks ABC (01288.HK), ICBC (01398.HK), CCB (00939.HK), and BANK OF CHINA (03988.HK) opened 1.1-1.4% lower. Chinese insurers PING AN (02318.HK) and CHINA LIFE (02628.HK) opened 1.4% and 1.6% lower. CKH HOLDINGS (00001.HK) had two ports in Panama formally taken over, and its stock opened 0.2% lower at HKD64.15. AASTOCKS Financial News Website: www.aastocks.com |
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