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<H Shrs>HSI Ends 175 Pts Higher; HSBC HOLDINGS Surges 5%+ Post-Results; AI Large Model Stocks Tumble
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The HSI closed the day up 175 points or 0.7% at 26,765. The HSCEI rose 26 points or 0.3% to close at 9,034. The HSTECH fell 10 points or 0.2%, closing at 5,260. The total market turnover for the day amounted to HKD236.765 billion.

In the financial sector, HSBC HOLDINGS (00005.HK) surged 5.5% to HKD142.7, with a turnover of HKD6.193 billion. Its 2025 reported profit before tax dropped 7% YoY, close to the upper end of market expectations. The group raised its RoTE in each of the three years from 2026 to 2028 excluding notable items to 17% or higher. In contrast, STANCHART (02888.HK) fell 2.2% amid market concerns over its expense growth.

Related NewsLoan Prime Rate 1Y for 2026 in China is 3%, unchanged from its last period. The forecast was 3%.
HKEX (00388.HK) and AIA (01299.HK) dipped 0.3% and 0.4%. Chinese bank ABC (01288.HK) receded 2.2%. Chinese insurer ZA ONLINE (06060.HK) lost 3.6%.

Commodity stocks performed positively. ZHAOJIN MINING (01818.HK) and CHINAGOLDINTL (02099.HK) rallied 3% and 4.5%. ZIJIN MINING (02899.HK) grew 2%. JIANGXI COPPER (00358.HK) and CMOC (03993.HK) ticked up 2.5% and 3.4%. MMG (01208.HK) and CHALCO (02600.HK) leaped 4.8% and 5.1%.

Among tech stocks, JD-SW (09618.HK) edged up 0.5%. It launched a new one-on-one express delivery service. BABA-W (09988.HK) and MEITUAN-W (03690.HK) gained 0.2% and 1.6%. TENCENT (00700.HK) inched 0.5% higher. KUAISHOU-W (01024.HK), BIDU-SW (09888.HK), NTES-S (09999.HK), and BILIBILI-W (09626.HK) waned 0.5-0.9%.

Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) jumped 0.6% and 1.4%. BIREN TECH (06082.HK) and ILUVATAR COREX (09903.HK) retreated 5.9% and 7.6%.

AI large model stocks tumbled. KNOWLEDGE ATLAS (02513.HK) and MINIMAX-WP (00100.HK) cratered 10.7% and 14.4%. INSILICO (03696.HK) and SENSETIME-W (00020.HK) dived over 5%.
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