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<H Shrs>HSI Closes Down 448 Pts; HSTECH Slips 3.6%; Chips, Commodities Subdued
Recommend 2 Positive 2 Negative 8 |
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The HSI ended the day down 448 points or 1.7% at 25,441. The HSCEI dropped 143 points or 1.6%, closing at 9,079. The HSTECH fell 222 points or 3.6% to close at 5,923. The total market turnover for the day amounted to HKD398.91 billion. In the tech sector, TENCENT (00700.HK) and NTES-S (09999.HK) slipped 2.8% and 2.9%. BABA-W (09988.HK) and BIDU-SW (09888.HK) tumbled 4.3% and 5.4%. KUAISHOU-W (01024.HK) and BILIBILI-W (09626.HK) plunged 6.8% and 7%. MEITUAN-W (03690.HK), JD-SW (09618.HK), and XIAOMI-W (01810.HK) dipped 0.5-1.5%. In addition, WEIMOB INC (02013.HK), XD INC (02400.HK), KINGSOFT CLOUD (03896.HK), and GDS-SW (09698.HK) slid 4.7-5.2%. KINGSOFT (03888.HK) retreated 6.2%. SENSETIME-W (00020.HK), CHINASOFT INT'L (00354.HK), MEITU (01357.HK), and KINGDEE INT'L (00268.HK) slumped 7-8.5%. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) plummeted 8.5% and 13.1%. Chip equipment stock ASMPT (00522.HK) also cratered 6.6%. In contrast, INNOSCIENCE (02577.HK) rallied 4.9% on its collaboration with Nvidia (NVDA.US) to provide a full GaN power solution for 800VDC power architecture. Handset component stocks SUNNY OPTICAL (02382.HK), BYD ELECTRONIC (00285.HK), COWELL (01415.HK), and AAC TECH (02018.HK) sank 3.6-4.1%. LENS (06613.HK) lost 5.1%. PC manufacturer LENOVO GROUP (00992.HK) eroded 4%. Among car makers, GWMOTOR (02333.HK) and LEAPMOTOR (09863.HK) faded 4.1% and 5.3%. NIO-SW (09866.HK) ebbed 3.5%. BYD COMPANY (01211.HK) edged down 0.8%. Auto dealer ZHONGSHENG HLDG (00881.HK) dived 4.5%. Regarding the consumer sector, WANT WANT CHINA (00151.HK) collapsed 5.6%. TOPSPORTS (06110.HK), CHINA RES BEER (00291.HK), JIUMAOJIU (09922.HK), and WH GROUP (00288.HK) also dropped over 3%. While gold prices busted above the USD4,100 mark, SD GOLD (01787.HK) and ZHAOJIN MINING (01818.HK) slid 4.4% and 4.9%. ZIJIN MINING (02899.HK) and CHINAGOLDINTL (02099.HK) nosedived more than 6%. Resource stock CHINAHONGQIAO (01378.HK) fell 4.1%. JIANGXI COPPER (00358.HK), MMG (01208.HK) and CMOC (03993.HK) also plunged 7.3-8.4%. AAStocks Financial News |
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