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<H Shrs>HSI Lifts 122 pts at Close; TENCENT Soars 2%+; MINIMAX-W, KNOWLEDGE ATLAS, XUNCE Wane
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US stocks were mixed overnight (18th). Techs saw profit-taking, while the DJIA grew 159 pts. The S&P 500 and Nasdaq sank for a second consecutive day. The HSI opened slightly higher by 18 pts today (19th) and trended upward. It closed at 25,797, up 122 pts or 0.48%. Full-day turnover reached HKD272.166 billion. The HSCEI finished at 8,639, up 41 pts or 0.49%. The HSTECH concluded at 4,857, up 12 pts or 0.26%.

Among major tech names, TENCENT (00700.HK) saw its Tencent Cloud platform Hy3 preview and DeepSeek-V4-Pro set for commercialization. The stock once rallied more than 4% and closed at HKD460, up 2.4%. BABA-W (09988.HK), MEITUAN-W (03690.HK), BIDU-SW (09888.HK) and NTES-S (09999.HK) each gained over 1%.

AI large-model stocks were suppressed against the broader market trend. MINIMAX-W (00100.HK) and KNOWLEDGE ATLAS (02513.HK) plunged 7.2% and 9.4%, respectively. Big data stock XUNCE (03317.HK) slumped 9.8%.

The "NIO, XPENG and LI AUTO" EV trio declined. LI AUTO-W (02015.HK) opened flat and moved lower, closing at HKD62.1, down 4.31%, the worst-performing blue chip of the day. NIO-SW (09866.HK) slid 4.75%, while XPENG-W (09868.HK) cratered 3.54%.
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