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<H Shrs>HSI Drops 91 Pts at Midday; BABA-W Slips ~2.8%; AI Stocks Rally
Recommend 148 Positive 229 Negative 127 |
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The HSI concluded the midday down 91 points or 0.4% at 25,801. The HSCEI fell 38 points or 0.5% to 8,638. The HSTECH dropped 62 points or 1.3% to 4,861. The total half-day turnover for the market totaled HKD126.652 billion. US President Donald Trump stressed that all US naval vessels, aircraft, military personnel, and equipment will remain around Iran until a real agreement is reached and fully implemented. If the agreement fails to be honored, he warned that the scale and intensity of military action would far exceed previous operations. Some reports also said the Strait of Hormuz is still under blockade. Amid international oil price surges, CNOOC (00883.HK) and PETROCHINA (00857.HK) climbed 1.5% and 1.3%, while SINOPEC CORP (00386.HK) fell 0.8%. BABA-W (09988.HK) receded 2.8%. It has reportedly established a new Group Technology Committee and upgraded its Tongyi large model division. It is also said that Unitree Robotics is brewing an overseas strategic partnership with BABA-W, with its latest robot R1 appearing at Alibaba Xixi Campus. TENCENT (00700.HK) added 0.9%. NTES-S (09999.HK) inched up 0.7%. LENOVO GROUP (00992.HK) and SENSETIME-W (00020.HK) slipped 2.8% and 1.5%. MEITUAN-W (03690.HK), JD-SW (09618.HK), BILIBILI-W (09626.HK), and BIDU-SW (09888.HK) lost 0.1-0.7%. KUAISHOU-W (01024.HK) plunged 3.6% after S&P said its free cash flow may more than halve this year and its capital expenditure may surge 70%. Chip stock HUA HONG SEMI (01347.HK) hiked 0.9%, while its peer SMIC (00981.HK) edged 0.3% lower. AI stocks were hyped up. KNOWLEDGE ATLAS (02513.HK) soared 13.1%. MINIMAX-W (00100.HK) jumped 3.7% after launching its AI Agent command-line tool MMX-CLI. XUNCE (03317.HK) spiked 15.6%, with a turnover of HKD1.62 billion. Auto-translated by AI AASTOCKS Financial News |
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