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<H Shrs>HSI Slips 153 Pts at Close; BYD ELECTRONIC Dives ~5%; Gold & Jewelery Stocks Boom
Recommend 70 Positive 97 Negative 52 |
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The HSI opened 164 points higher and briefly climbed 293 points to 25,789 before retreating. In the afternoon, it slid as much as 219 points to a low of 25,276, closing down 153 points, or 0.6%, at 25,343. The HSCEI dropped 58 points, or 0.6%, to 9,050. The HSTECH dipped 44 points, or 0.8%, to 5,683. Total daily turnover reached HKD267.647 billion. In the technology sector, BABA-W (09988.HK), TENCENT (00700.HK), and MEITUAN-W (03690.HK) sank 0.3-0.6%. SMIC (00981.HK), XIAOMI-W (01810.HK), NTES-S (09999.HK), and BILIBILI-W (09626.HK) sagged 1.2-2.1%. JD-SW (09618.HK) and KUAISHOU-W (01024.HK) saw gains of less than 1%, while BIDU-SW (09888.HK) leaped 2.8%. Healthcare platforms PA GOODDOCTOR (01833.HK) and ALI HEALTH (00241.HK) swelled 10.3% and 4.6%, respectively, while mobile-related stock BYD ELECTRONIC (00285.HK) ebbed back 5%. In the EV sector, NIO-SW (09866.HK) reported a 9% YoY narrowing of its adjusted quarterly net loss and set a 4Q delivery target of 50,000 vehicles per month, shoring up its stock by 1%. BYD COMPANY (01211.HK) and XPENG-W (09868.HK) tumbled 2.5% and 2.2%, respectively. Auto dealer ZHONGSHENG HLDG (00881.HK) mounted 3.1% after UBS upgraded it to Buy. Gold prices shattered above US$3,600, boosting gold-related stocks in Hong Kong. LINGBAO GOLD (03330.HK) and ZHAOJIN MINING (01818.HK) shot up 6.1% and 4%, respectively, while ZIJIN MINING (02899.HK) and SD GOLD (01787.HK) added 1.8% and 2.1%. JIANGXI COPPER (00358.HK) rallied 4.7%. Gold jewelry retailers LUK FOOK HOLD (00590.HK), CHOW TAI FOOK (01929.HK), and CHOW SANG SANG (00116.HK) advanced 2.4-4.1%, while LAOPU GOLD (06181.HK) edged up 0.5%. AAStocks Financial News |
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