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<H Shrs>HSI Closes up 56 Pts; MEITUAN-W Dips 2% Pre-Results; Casinos Boom
Recommend 48 Positive 104 Negative 43 |
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The HSI concluded the day up 56 points or 0.3% at 19,423. The HSCEI rose 22 points or 0.3% to close at 6,946. The HSTECH climbed 45 points or 1.1%, closing at 4,353. The total market turnover for the day amounted to $133.501 billion. China's ChiNext Index spiked 2.5%, fueling techs. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) swelled 3.4% and 2.5%. KINGSOFT CLOUD (03896.HK) surged 8.4%, while KINGDEE INT'L (00268.HK), CHINA LIT (00772.HK), and SENSETIME-W (00020.HK) hiked 3.5-4.2%. Among major tech stocks, TENCENT (00700.HK) inched down 0.5% to $398, while BABA-W (09988.HK) edged up 0.3% to $83.6. XIAOMI-W (01810.HK) dipped 0.4%. BIDU-SW (09888.HK), JD-SW (09618.HK), NTES-S (09999.HK), and KUAISHOU-W (01024.HK) advanced 1-1.7%. BILIBILI-W (09626.HK) added 2.5%. MEITUAN-W (03690.HK) will announce its results after market close. Its stock price eroded 2% for the day. Consumer stocks thrived. MAOYAN ENT (01896.HK) and MNSO (09896.HK) rocketed 6.7% and 8.4%, respectively. HAIDILAO (06862.HK), JIUMAOJIU (09922.HK), NONGFU SPRING (09633.HK), and CTG DUTY-FREE (01880.HK) grew 3.1-4.3%. Car stocks LI AUTO-W (02015.HK) and XPENG-W (09868.HK) gained 3.8% and 2.4%. As Zhuhai residents will be allowed to apply for the one trip per week endorsements to Macau next year, casinos SANDS CHINA LTD (01928.HK), WYNN MACAU (01128.HK), GALAXY ENT (00027.HK), and SJM HOLDINGS (00880.HK) leaped 3.4-4.4%. AAStocks Financial News |
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