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<H Shrs>HSI Closes Down 112 pts as Homebuilders Subtract; WEIMOB INC Rockets 35%+
Recommend 89 Positive 157 Negative 105 |
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The HSI dropped 112 points or 0.56% to 19,752 at close. The HSCEI ebbed 28 points or 0.4% to close at 7,152. The HSTECH slid 29 points or 0.66% to close at 4,439. Total market turnover for the day amounted to $142.87 billion. TENCENT (00700.HK) closed up 2.3% as it is said to be in talks to integrate AI models into iPhones sold in mainland China. As TENCENT is the second largest shareholder of WEIMOB INC (02013.HK). WEIMOB INC elevated after midday, and spiked 35.8% at close, boosted by the positive news. However, BIDU-SW (09888.HK), which is rumored to be planning to collaborate with Apple on generative AI services, waned 4.2% at close, making it the worst performing blue chip. In addition, BIDU-SW is said to be pumping RMB1 billion into Jiyue. The Fed's hawkish stance heaped pressure on Hong Kong developers and landlords. HENDERSON LAND (00012.HK) cascaded 3.3%, while HANG LUNG PPT (00101.HK), LINK REIT (00823.HK), SHK PPT (00016.HK), MTR CORPORATION (00066.HK) and WHARF REIC (01997.HK) slipped 1.4-2.7%. CK ASSET (01113.HK) lost 0.5%. AAStocks Financial News |
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