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<H Shrs>HSI Slips 229 pts at Midday; SMIC (00981.HK) Up 4%; ALI HEALTH (00241.HK) Down Over 6%
Recommend 52 Positive 77 Negative 43 |
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Boosted by a positive atmosphere from the meeting between Chinese and US leaders, US markets advanced overnight (14th). However, major Asia-Pacific markets were broadly under pressure today (15th). The HSI opened 1 pt higher in the morning but retreated subsequently, closing at 26,160 pts at midday, down 229 pts or 0.87%. Half-day turnover amounted to HKD151.149 billion. The HSCEI closed at 8,759 pts at midday, down 98 pts or 1.11%, while the HSTECH closed at 5,012 pts, down 63 pts or 1.25%. After reporting results, SMIC (00981.HK) was upgraded by M Stanley and BNP Paribas. The stock once surged over 7% intraday and closed at HKD74.4 at midday, up 4.06%, making it the best-performing blue chip in the morning session. Its Co-CEO said the company has reached agreements with customers on price hikes for tight-supply products and expects gross margin to rise in the second quarter. In contrast, HUA HONG SEMI (01347.HK) came under pressure after results, closing at HKD122, down 3.94%. Tech stocks were mixed. TENCENT (00700.HK) gained 1.08% in the half day. BABA-W (09988.HK), MEITUAN-W (03690.HK), NTES-S (09999.HK) and BIDU-SW (09888.HK) all fell more than 2%. BILIBILI-W (09626.HK) closed at HKD156.4 at midday, down 6.35%. Among other stocks, ALI HEALTH (00241.HK) reported quarterly results in line with expectations, but closed at HKD4.25 at midday, down 6.39%, making it the worst-performing blue chip. MAO GEPING (01318.HK) slipped nearly 6% to HKD62.7 on news of shareholder stake reduction. CARSGEN-B (02171.HK) announced a share placement at a discount of nearly 10%, with its stock falling 10.58% to HKD19.6. JD HEALTH (06618.HK) closed at HKD45.92, down 5.05%, after Nomura lowered its TP to HKD67. Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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