HSI Midday Down 165 Pts; Z.AI Plunges 16%+; XIAOMI-W Down 1.7% Ahead of Results
AASTOCKS News·- The Hong Kong Hang Seng Index closed down 165 pts or 0.65% at 25,287 at midday, with major tech and AI-related stocks experiencing notable declines. - XIAOMI-W dropped 1.7% ahead of its results announcement, while AI-related stock Z.AI plunged 16.63%. - Insurers and international financials generally deteriorated, whereas oil prices rose following comments from US President Donald Trump regarding Iran.HSI Opens Down 84Pts; BIDU-SW Up 1% Ahead of Results; XIAOMI-W Down 1%+
AASTOCKS News·- Hong Kong stocks opened lower on August 18, with the HSI dropping 84 points or 0.33 % to 25,368 following overnight US stock declines driven by Middle East tensions and rising oil prices. - Major technology stocks softened broadly, while BIDU-SW rose 1 % and XIAOMI-W fell 1.47 % ahead of their quarterly results announcements today. - Blue chip performances varied, with AIA sinking 1.43 % and CNOOC gaining 1 %, while GEELY AUTO dipped 0.21 % following a major management reshuffle.HSI Opens Down 278 pts; BABA-W Dives 3%; TENCENT Down Over 1%
AASTOCKS News·- Escalating tensions in the Middle East and declines in Alphabet Inc. and Tesla, Inc. shares led to a drop of 1% to 2% in major US stock indices. - The Hang Seng Index opened down 1.1%, with notable declines in leading tech stocks such as Alibaba and Tencent. - Despite the broader market downturn, Brent oil prices rose above USD 100 per barrel, boosting some oil stocks, while resource and metal stocks fell significantly.HSI Closes Midday at 25,150, Up 7 pts; HSTI Closes Midday at 4,838, Up 86 pts; SMIC Up over 8%; MIDEA GROUP Hit New Highs
AASTOCKS News·- At midday close, HSI rose 7 points to 25,150, while HSTI increased by 86 points to 4,838 and HSCEI fell by 14 points to 8,367. - Notable performers included SMIC, rising 8.8% to $75.9, and HUA HONG GRACE, climbing 17.1% to $167.4, alongside several other gains for heavyweights and sectors. - The short selling data indicated significant activity, particularly in tech stocks, suggesting investors are closely monitoring market fluctuations.HSI Up 510 pts; HSTI Up 134 pts; BABA Up over 5%; MEITUAN Up over 3%; TENCENT Up over 3%
AASTOCKS News·- At midday, the Hang Seng Index (HSI) rose 510 points to close at 25,072, while the Hang Seng Technology Index (HSTI) increased by 134 points to 4,757. - Key performers included Alibaba, Meituan, and Tencent, with respective increases of 5.2%, 3.8%, and 3.6%. - Additionally, stocks like CNOOC and Akeso saw significant gains of 5.6% and 5.3%, respectively, amidst notable short selling activity.