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HSI Swells 240Pts+ to Reclaim 27,000-lv. in Early Trade; Autonomous Driving-related Stocks Squeezed; Hesai Once Dives ~10%
Recommend 13 Positive 24 Negative 6 |
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The market was watchful of the earnings of US tech stocks and the Fed's interest rate decision. Overnight (26th), the three major US stock indices executed well. This morning (27th), the Hong Kong stock market opened higher. The HSI opened 97 points higher, and the early session saw gains expand, reclaiming the 27,000 level. It was last at 27,010, up 244 points or 0.9%, with a turnover of HKD42.354 billion. Stocks related to automotive chips, radar, or autonomous driving technology were squeezed this morning. Hesai (HASI.US) saw its US shares plummet by 10.1% overnight, closing at USD25.13. HESAI-W (02525.HK) opened 8.7% lower this morning and at one point slumped 9.9% to bottom at HKD196.3. It last stood at HKD202.8, down 6.89%, with a turnover of 283,900 shares, involving HKD57.197 million. ROBOSENSE (02498.HK) opened 0.8% lower, with losses faintly deepening. It last posted at HKD34.6, down 2.64%, with a turnover of 1.8185 million shares, involving HKD63.2258 million. HORIZONROBOT-W (09660.HK) opened 0.3% higher but turned weaker, now at HKD8.67, down 2.58%, with a turnover of 15.4434 million shares, involving HKD135 million. BIDU-SW (09888.HK) also dipped 1.5%, at HKD153.1, with a turnover of HKD233 million. AASTOCKS Financial News Website: www.aastocks.com |
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