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<H Shrs>HSI Ends Down 287 pts; LI AUTO-W Stumbles 14%; CN Telecoms Bloom
Recommend 31 Positive 57 Negative 24 |
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US bourse was squeezed dramatically last Friday (15th) as US Treasury yields skyrocketed, while APAC markets broadly subtracted today (18th). The HSI finished at 25,675, down 287 pts or 1.11%. Full-day turnover amounted to HKD292.712 billion. The HSTECH settled at 4,844, down 96 pts or about 1.95%. The HSCEI closed at 8,597, down 93 pts or 1.07%. Key techs waned across the board. TENCENT (00700.HK) closed at HKD449.2, down 1.58%; BABA-W (09988.HK) closed at HKD131.7, down 0.45%. Citi expected MEITUAN-W (003690.HK) 1Q results to meet expectations; the stock closed at HKD82.150, down nearly 0.7%. Autos logged notable selling pressure. LI AUTO-W (02015.HK) closed at HKD64.9, plunging 14.2% and ranking as the worst-performing blue chip. Citi noted that the upgraded Li L9 was not a game changer. GEELY AUTO (00175.HK) closed at HKD20.58, down 4.81%. BYD COMPANY (01211.HK) closed at HKD93.8, down 2.75%. LEAPMOTOR (09863.HK) reported its 1Q loss widened sharply to RMB390 million, with shares diving 7.8% to close at HKD41.68. NIO-SW (09866.HK) cratered 3.5%. GWMOTOR (02333.HK) fell off 3.9%. GAC GROUP (02238.HK) declined 2.6%. The three major telecoms bucked the trend. CHINA TELECOM (00728.HK) launched a series of trial commercial Token packages, with shares soaring 6% to HKD5.64, rendering it the best-performing blue chip. CHINA UNICOM (00762.HK) shot up 3.8%, while CHINA MOBILE (00941.HK) edged up 0.2%. 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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