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HSTECH Swells 4% to ~4-Yr High; BABA-W's AI Chip Reveal Fuels Surge Across Sector; SENSETIME-W Once Spikes 18% After Midday
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The HSI once surged 472 points to around a four-year high of 26,910 after midday. It last printed at 26,873, up 435 points or nearly 1.7%, with a turnover of HKD246.267 billion. The HSTECH was last at a nearly four-year high of 6,328, up 250 points or 4.1%. A CCTV program unexpectedly revealed the performance of the latest AI chip developed by BABA-W (09988.HK), showing that several key parameters have surpassed Nvidia (NVDA.US)'s A800 and are comparable to its H20 chip, on which some Chinese media outlets see the possibility of BABA-W's chip partially replacing the H20 chip. BABA-W's stock price last surged by 5.41% to a nearly four-year high of HKD161.8, with a turnover of HKD17.873 billion, making it the most actively traded Hong Kong stock. Likewise, BIDU-SW (09888.HK) last soared by 18.64% to around a two-year high of HKD134.3 after midday, with a turnover of HKD6.419 billion. SENSETIME-W (00020.HK) opened flat today (27th) but managed a leap of 18.4% after midday to a nearly two-and-a-half-year high of HKD2.7 since April 2023. It was last at HKD2.63, up 15.35%, with a turnover of HKD6.293 billion. Other AI-related and datacenter stocks also joined the rally. KINGSOFT CLOUD (03896.HK), which tumbled 5.3% yesterday, rebounded 9.76%. It last traded at HKD9, with a turnover of HKD1.342 billion. GDS-SW (09698.HK) last printed at HKD37.24, up 5.5%, with a turnover of HKD248 million. FOURTH PARADIGM (06682.HK) last climbed 4.98% to HKD64.35, with a turnover of HKD511 million. UNISOUND (09678.HK) last traded at HKD527.5, up 3.84%, with a turnover of HKD103 million. AINNOVATION (02121.HK) was last at HKD7.7, up 4.76%, with a turnover of HKD13.0248 million. AAStocks Financial News |
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