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<H Shrs>HSI Ebbs 109 Pts at Midday on Settlement Date, but CKH Series Ascend; CATL Dips 5%+
Recommend 149 Positive 227 Negative 150 |
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Hong Kong stocks opened higher but declined in the morning session on the settlement date. The HSI ebbed 109 points or 0.4% to 26,656 at midday. The HSCEI dropped 117 points or 1.3% to 8,917. The HSTECH lost 89 points or 1.7% to 5,171. Total half-day turnover of the market amounted to $130.935 billion. CKI HOLDINGS (01038.HK) advanced 5.5% as CKI HOLDINGS-led consortium will sell UK power distributor, UKPN, for an estimated enterprise value of $176.8 billion. CKH HOLDINGS (00001.HK) and POWER ASSETS (00006.HK) mushroomed 3.8% and 5.3%, while CK ASSET (01113.HK) ballooned 2.2%. HSBC HOLDINGS (00005.HK) jumped up another 2.1% to $145.7 this morning. Zimbabwe implemented a lithium mining ban, boosting lithium futures, with TIANQI LITHIUM (09696.HK) and GANFENGLITHIUM (01772.HK) mounting 3.4% and 3.8%. Battery stocks CATL (03750.HK) and CALB (03931.HK) slumped 5.5% and 8.1%. Automakers were dragged down, with BYD COMPANY (01211.HK), LEAPMOTOR (09863.HK), SERES (09927.HK) and CHERY AUTO (09973.HK) waning over 2%. XPENG-W (09868.HK) and LI AUTO-W (02015.HK) shrank 3.2% and 4%, while XIAOMI-W (01810.HK) faded 0.2%. Auto agency ZHONGSHENG HLDG (00881.HK) plunged 9.7% after Goldman Sachs slashed its 2025/ 2026 profit forecasts by 40% each. AAStocks Financial News Website: www.aastocks.com |
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