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<H Shrs>HSI Closes Down 31 pts as Weixin Shop Concepts Brisk; E-commerce Platforms Subtract
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The HSI ebbed 31 points or 0.2% to close at 19,720. The HSCEI slid 8 points or 0.1% to close at 7,143. The HSTECH added 4 points or 0.1% to close at 4,444. Total market turnover for the day amounted to $178.46 billion. BIDU-SW (09888.HK) shed 2.6% after Apple is said to be in talks with TENCENT (00700.HK) and ByteDance to integrate AI into iPhones. Weixin Shop opened the "Send Gifts" function for testing. TENCENT jumped 2.7% to $426.4, while WEIMOB INC (02013.HK) and YOUZAN (08083.HK) soared 25.4% and 7%. EAST BUY (01797.HK) spiked 15.5%. E-commerce related stocks were under pressure. BABA-W (09988.HK) and JD-SW (09618.HK) waned 3.4% and 3%, while KUAISHOU-W (01024.HK) cratered 5.4%. Chinese chip stocks elevated. SMIC (00981.HK) and HUA HONG SEMI (01347.HK) rallied 8.2% and 4.6%. For other techs, XIAOMI-W (01810.HK) ascended 2.8% to $31.65, while KINGSOFT CLOUD (03896.HK) and Q TECH (01478.HK) shot up 10.9% and 6.6%. NETEASE MUSIC (09899.HK) and MEITU (01357.HK) slumped 4.9% and 4.3%. AAStocks Financial News |
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