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<H Shrs>HSI Leaps 488 Pts Midday; KNOWLEDGE ATLAS Surges 32%; Pharmas Rally
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The US and Iran are purportedly intending to end the war, shoring up the DJIA by 2.5% and the Nasdaq by 3.8% overnight. The Hong Kong bourse opened higher, with the HSI spiking 569 points at opening bell, with the peak at 25,394, up 606 points. By midday, it jumped up 488 points or 2%, standing at 25,276. The HSCEI swelled 129 points or 1.5% to 8,503. The HSTECH added by 73 points or 1.6% to 4,723. The total market turnover for the half-day was HKD144.548 billion. For techs, TENCENT (00700.HK), BABA-W (09988.HK), BIDU-SW (09888.HK), and NTES-S (09999.HK) mounted 2.6-3.3%. KUAISHOU-W (01024.HK) soared 2.2%. MEITUAN-W (03690.HK) slumped 2.4%. JD-SW (09618.HK) shed 0.1%. BILIBILI-W (09626.HK) and EAST BUY (01797.HK) shot up by 5.2% and 7.1%, respectively. PA GOODDOCTOR (01833.HK) and XD INC (02400.HK) rallied 4.7% and 4.1%. AI stock KNOWLEDGE ATLAS (02513.HK) saw its annual adjusted net loss widen to RMB3.182 billion. CICC noted that its API annual recurring revenue for the fiscal year ending March 2026 was expected to leap 60 times YoY to RMB1.7 billion, way beyond expectations, with its stock price ballooning 31.9% by midday. MINIMAX-W (00100.HK) surged 17.3%. XTALPI (02228.HK) and INSILICO (03696.HK) proliferated 9.8% and 6%. Cloud service providers KINGSOFT CLOUD (03896.HK) and GDS-SW (09698.HK) rose sharply over 4%. Pharmaceuticals soared, with 3 3SBIO (01530.HK), JUNSHI BIO (01877.HK), INNOCARE (09969.HK), and REMEGEN (09995.HK) ascending 10-14%. SBP GROUP (01177.HK), SKB BIO-B (06990.HK), DUALITYBIO-B (09606.HK), and PHARMARON (03759.HK) jumped up by 8.1-9%. GENSCRIPT BIO (01548.HK), SIMCERE PHARMA (02096.HK), BEONE MEDICINES (06160.HK), and AKESO (09926.HK) mushroomed 7-7.6%. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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