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<H Shrs>HSI Closes Down 177 Pts as BABA-W/ XIAOMI-W Feeble; Autos Generally Gain
Recommend 29 Positive 67 Negative 34 |
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The HSI faded 177 points or 0.7% to close at 25,116. The HSCEI dropped 47 points or 0.6% to close at 8,456. The HSTECH slipped 77 points or 1.6% to close at 4,679. Total market turnover for the day amounted to $243.628 billion. Automaker BYD COMPANY (01211.HK) lost 0.8%, while XIAOMI-W (01810.HK) cascaded 3.6%. CHERY AUTO (09973.HK) reported a 15% YoY increase in total sales last month, boosting its share price by 15.3%. GWMOTOR (02333.HK) posted an 8% YoY incline in sales during the same period, while GEELY AUTO (00175.HK) reported roughly flat YoY total sales for the same month. The two stocks swelled 7.3% and 6.4%, respectively. SERES (09927.HK) reported a 21% YoY increase in NEV sales for March, but its stock price sagged 3.6%. Autonomous driving stocks PONY-W (02026.HK) and HORIZONROBOT-W (09660.HK) tumbled 7.6% and 4.1%, while HESAI-W (02525.HK) mounted 3.7%. For techs, TENCENT (00700.HK) waned 1.5% to $489.2, while BABA-W (09988.HK) cascaded 2.4% to $118.5. KUAISHOU-W (01024.HK), BILIBILI-W (09626.HK) and MEITUAN-W (03690.HK) shed 2.1-2.8%, while JD-SW (09618.HK), BIDU-SW (09888.HK) and NTES-S (09999.HK) ebbed 0.7-0.9%. XD INC (02400.HK) shrank 5.3%. Handset component stock SUNNY OPTICAL (02382.HK) advanced 5.2% although multiple brokers cut their target prices on it successively. LENS (06613.HK) descended 9.4%, while electronics stock FIT HON TENG (06088.HK) sank 9.5%. Auto-translated by AI AASTOCKS Financial News |
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