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<H Shrs>HSI Fades 173 Pts at Midday as CATL Slumps ~7%; WUXI APPTEC Spikes 15%
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Hong Kong stocks softened in the morning session. The HSI slid 173 points or 0.7% to close at 25,752 at noon. The HSCEI slipped 82 points or 0.9% to 8,673. The HSTECH lost 60 points or 1.2% to 4,879. Total half-day turnover of the market amounted to $131.191 billion CATL (03750.HK) tumbled 6.9% to $629 after it announced a 7% discounted share placement to raise a net amount of over $39.1 billion. WUXI APPTEC (02359.HK) spiked 14.9% to $144.8 at midday as its 1Q26 adjusted non-IFRS net profit surged 72% YoY. CLSA noted that the company delivered high-quality growth for the quarter. Its same series WUXI BIO (02269.HK) jumped up 2.4%, while WUXI XDC (02268.HK) leaped 4%. CHINAHONGQIAO (01378.HK) planned to issue convertible bonds at a 25.3% premium to raise US$1.47 billion, denting its share price by 3.5%. HAIER SMARTHOME (06690.HK) ballooned 2.7% after it reported a 15% decline in its 1Q26 net profit. For major stocks, BABA-W (09988.HK) cascaded 2% to $127.6 after it received approval from the Hong Kong Stock Exchange to spin off its Jiaxing park for listing on the Shenzhen Stock Exchange. TENCENT (00700.HK) and MEITUAN-W (03690.HK) shed 0.5% and 1.2%, while KUAISHOU-W (01024.HK) waned 2.7%. AIA (01299.HK) and HSBC HOLDINGS (00005.HK) ascended 0.5% and 0.1%, while HKEX (00388.HK) dropped 0.4%. BYD COMPANY (01211.HK), whose second-generation Denza D9 pure electric version began pre-sales, shrank 1.1%. The company is set to announce its quarterly results later today. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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