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<H Shrs>HSI Opens Up 295 pts; BABA-W, BIDU-SW, JD-SW & Other Techs Lead Charge
Recommend 3 Positive 4 Negative 4 |
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The HSI opened up 295 points or 1.1% at 26,168. The HSCEI climbed 104 points or 1.2% to 8,776. The HSTECH rose 109 points or 2.2% to 4,961. Following a rally in overseas tech stocks, BABA-W (09988.HK) and BIDU-SW (09888.HK) opened 4% and 4.9% higher. JD-SW (09618.HK) even surged 6%, as JPMorgan gave it an Overweight rating and a target price of HKD148, citing that its earnings upside would be significant in 2026-27, should losses from new businesses narrow more than expected. TENCENT (00700.HK) advanced 1.4% to HKD500 at open. KUAISHOU-W (01024.HK) and NTES-S (09999.HK) jumped 1.9%. MEITUAN-W (03690.HK) rose 1.1%. ALI HEALTH (00241.HK), JD HEALTH (06618.HK), and BILIBILI-W (09626.HK) grew 2.7-3.2%. AI stock KNOWLEDGE ATLAS (02513.HK) opened up 3%, while its peer MINIMAX-W (00100.HK) remained flat at HKD951. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) swelled 3% and 2.6%. Carmakers BYD COMPANY (01211.HK), XIAOMI-W (01810.HK), LI AUTO-W (02015.HK), and LEAPMOTOR (09863.HK) opened inclining 1-1.2%. XPENG-W (09868.HK) ballooned 4%. Auto-translated by AI AASTOCKS Financial News |
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