HSI Finishes Up 111 Pts as Pharmas Steer Gains; XIAOMI-W Up 3%; Z.AI Down 9%
AASTOCKS News·- The Hang Seng Index reversed early losses to close up 111 pts at 24,917 with a total turnover of HKD 192.625 billion. - XIAOMI-W rose 3.03% driven by promoted smart home consumption in Mainland China, while Z.AI dropped 9.08% following substantial fundraising. - Pharmaceutical stocks led the market gains, with HANSOH PHARMA advancing 5.13% as the top-performing blue chip.HSI Reverts Up 87 pts by Midday; LENOVO, WUXI Series Each Up 4%+; Z.AI Slumps 7%+; BEA/ BOCHK/ STANCHART Hit 52-Wk Highs
AASTOCKS News·- The HSI reverted up 87 pts to close at 24,893 by midday with a turnover of HKD 107.018 billion, while the HSCEI and HSTECH gained 33 pts and 7 pts respectively. - Major sector movements included Z.AI slumping 7.25% following massive fundraising, Lenovo spiking 4.6% after ranking first globally in quarterly x86 server shipments, and SBP Group soaring 3.52% on a stake acquisition. - Hong Kong financial stocks performed strongly, with Bank of East Asia, BOC Hong Kong, and Standard Chartered all hitting 52-week highs intraday.