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<H Shrs>HSI Opens Down 183 pts; SENSETIME-W Subdued on Shr Placement
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The HSI opened down 183 points or 0.7% at 26,210. The HSCEI dropped 64 points or 0.7% to 8,840. The HSTECH fell 36 points or 0.7% to 5,055. Among tech stocks, TENCENT (00700.HK), BABA-W (09988.HK), NTES-S (09999.HK), and KUAISHOU-W (01024.HK) opened 0.5-1% lower. Alibaba's Tongyi Lab open-sourced the Qwen3.6-35B-A3B model. MEITUAN-W (03690.HK), JD-SW (09618.HK), BIDU-SW (09888.HK), and BILIBILI-W (09626.HK) slipped 1.4-1.8%. YOUZAN (06051.HK) rallied 1.2% on its debut on the Main Board. Handset component makers BYD ELECTRONIC (00285.HK) and SUNNY OPTICAL (02382.HK) slid 0.7% and 1.3% at open. Chip stock SMIC (00981.HK) inched up 0.1% to HKD60, while HUA HONG SEMI (01347.HK) remained flat at HKD91.6. AI stock KNOWLEDGE ATLAS (02513.HK) dipped 0.3%, while MINIMAX-W (00100.HK) stayed unchanged at HKD900.5. SENSETIME-W (00020.HK) slumped 2.4%. It announced a share placement at around an 8.6% discount to net HKD3.23 billion. In the automotive sector, XIAOMI-W (01810.HK) opened declining 0.9%. LEAPMOTOR (09863.HK) added 0.1%. The D19 hit the market with a starting price of RMB219,800. BYD COMPANY (01211.HK) edged 0.2% lower. NIO-SW (09866.HK) leaped 2.5%. Auto-translated by AI AASTOCKS Financial News |
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