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<H Shrs>HSI Finishes Down 76 Pts as AI and Chip Stocks Weaken; POP MART Spikes 9%
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US President Donald Trump's threat to impose “Greenland tariffs” weighed down on US stock futures, causing Hong Kong stocks to remain soft. The HSI settled down 76 points or 0.3% at 26,487. The HSCEI fell 39 points or 0.4% to close at 9,094. The HSTECH dropped 66 points or 1.2% to end at 5,683. The total market turnover for the day was HKD237.766 billion. Among major techs, TENCENT (00700.HK) and MEITUAN-W (03690.HK) dipped 1.5% and 1.2%, respectively. BABA-W (09988.HK) and KUAISHOU-W (01024.HK) lost 0.4% and 0.9%. JD-SW (09618.HK) and BILIBILI-W (09626.HK) hiked 0.1% and 0.7%. NTES-S (09999.HK) sank 0.1%. BIDU-SW (09888.HK) added nearly 1%. WEIMOB INC (02013.HK) swelled 2.6%, while XD INC (02400.HK) slid 4.2%. Among AI-related stocks, KNOWLEDGE ATLAS (02513.HK) plunged 7.4%, and MINIMAX-WP (00100.HK) spiked 3.2%. Mobile component stocks deteriorated after midday, with AAC TECH (02018.HK) and SUNNY OPTICAL (02382.HK) diving over 3%. BYD ELECTRONIC (00285.HK) and Q TECH (01478.HK) cratered 2.7% and 2.6%. In the chip sector, SMIC (00981.HK), INNOSCIENCE (02577.HK), BIREN TECH (06082.HK), and ILUVATAR COREX (09903.HK) slid 3-3.6%. HUA HONG SEMI (01347.HK) fell off 1.9%. Among robotics stocks, UBTECH ROBOTICS (09880.HK) slumped 3.7%. In the auto sector, BYD COMPANY (01211.HK) and XIAOMI-W (01810.HK) plunged 3.7% and 2.7%, respectively. Consumer stocks elevated, with POP MART (09992.HK) repurchasing 1.4 million shares for the first time in nearly two years, involving HKD251 million, and its stock price surged 9.1% to HKD197.2, with a turnover of HKD5.879 billion. Mainland China extended the implementation period of the personal consumption loan interest subsidy policy to the end of this year, with YIHAI INTL (01579.HK), MAO GEPING (01318.HK), and MIXUE GROUP (02097.HK) leaping 3.6-4.6%. AASTOCKS Financial News Website: www.aastocks.com |
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