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<H Shrs>HSI Opens 19 Pts Lower; POP MART Soars 5%; HSBC HOLDINGS Up Against Mkt
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US bourse was closed for a holiday yesterday (19th). US President Donald Trump's threat to impose “Greenland Tariffs” prompted US stock futures to slide, leading the Hong Kong stock market to shed by over 280 points or 1% yesterday, with a slight dip at the opening today. The HSI opened 19 points lower or less than 0.1%, at 26,544; the HSCEI opened 15 points lower or 0.2%, at 9,119; the HSTECH opened 12 points lower or 0.2%, at 5,737.

In the tech sector, TENCENT (00700.HK) opened 1.5% lower at HKD601. BIDU-SW (09888.HK) opened 2.2% lower, while BABA-W (09988.HK), MEITUAN-W (03690.HK), JD-SW (09618.HK), and KUAISHOU-W (01024.HK) opened 0.1-0.4% lower. NTES-S (09999.HK) opened flat at HKD216.2.

For financials, HSBC HOLDINGS (00005.HK) opened 1.7% higher at HKD129.1, while HKEX (00388.HK) and AIA (01299.HK) opened 0.4% and 0.2% lower, respectively. As to gold miners, ZIJIN MINING (02899.HK) opened 1.3% higher, while in the real estate sector, SHK PPT (00016.HK) opened 1.4% lower.

POP MART (09992.HK) repurchased 1.4 million shares involving HKD251 million, with its stock price opening 5.2% higher at HKD190.2. CIMC ENRIC (03899.HK) raised HKD774 million in net proceeds through a 7.7% discounted share placement, with its stock price opening 2.8% lower at HKD10.31. CMOC (03993.HK) issued USD1.2 billion convertible bonds at a 28.7% premium, with its stock price opening 1.3% lower at HKD21.5.
AASTOCKS Financial News
Website: www.aastocks.com