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<H Shrs>HSI Plunges 293 pts Midday; BIDU-SW Dives 7%; SMIC Down ~4%; UBTECH ROBOTICS Swells 8% Against Mkt
Recommend 8 Positive 6 Negative 8 |
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The HSI opened 379 pts lower; with slightly narrowed losses, it settled at 24,668 at midday, down 293 pts or 1.18%. Half-day turnover totaled HKD196.219 billion. The HSTECH closed at 4,771, down 117 pts or 2.4%, while the HSCEI finished at 8,351, down 85 pts or 1.01%. Major dotcoms broadly retreated with the market. BIDU-SW (09888.HK) plunged 7.09% to HKD116.7, the worst-performing blue chip at midday. MEITUAN-W (03690.HK) stumbled 4.82%, KUAISHOU-W (01024.HK) fell off 3.8%, BABA-W (09988.HK) declined 2.94%. JD-SW (09618.HK) slipped nearly 2%. TENCENT (00700.HK) and NTES-S (09999.HK) each sank less than 1%. The semiconductor sector and some AI-related stocks mirrored overseas weakness. SMIC (00981.HK) dived 3.83%. HUA HONG SEMI (01347.HK) plummeted 5.57%. MONTAGE TECH (06809.HK) shrank 5.21%. GIGADEVICE (03986.HK) lost 4.5%. XL2CSOPHYNIX (07709.HK) eroded 5.71% and XL2CSOPSMSN (07747.HK) slumped 12.99%. MINIMAX-W (00100.HK) collapsed 8.32%. KNOWLEDGE ATLAS (02513.HK) hiked 2% against the trend after being included in the Shenzhen-Hong Kong Stock Connect eligible securities list by the Shenzhen Stock Exchange. Some robotics-related stocks moved higher against the market. UBTECH ROBOTICS (09880.HK) swelled 8.3% at midday, with active turnover of HKD1.784 billion. DOBOT (02432.HK) and ONEROBOTICS (06600.HK) each grew more than 3%, while GEEKPLUS-W (02590.HK) edged up 0.4%. 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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