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<H Shrs>HSI Erodes 347 Pts at Midday as SENSETIME-W Craters ~4%; MANYCORE TECH Popular
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Hong Kong stocks declined in the morning session. The HSI lost 347 points or 1.3% to 26,046 at midday. The HSCEI shed 114 points or 1.3% to 8,790. The HSTECH faded 84 points or 1.7% to 5,007. Total half-day turnover of the market amounted to $126.065 billion. For techs, TENCENT (00700.HK), JD-SW (09618.HK), NTES-S (09999.HK) and KUAISHOU-W (01024.HK) sagged 1.7-2.4%. BABA-W (09988.HK) ebbed 0.1% after its Tongyi Lab open-sourced Qwen 3.6-35B-A3B model. MEITUAN-W (03690.HK) and BILIBILI-W (09626.HK) waned 3.9% and 3%, while BIDU-SW (09888.HK) dropped 1.3%. JD HEALTH (06618.HK) cascaded 3.6%, while YOUZAN (06051.HK) transferred to the main board, denting its share price by 6.2% at midday. Fiber optic stock YOFC (06869.HK) slumped 4.3%. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) shrank 1.7% and 2%, while BIREN TECH (06082.HK) and ILUVATAR COREX (09903.HK) stumbled 4.4% and 3.4%. AI stocks KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK) receded 1.2% and 5.3%, while INSILICO (03696.HK) descended 3.7%. SENSETIME-W (00020.HK) raised a net proceeds of $3.23 billion through a share placement at a discount of approx. 8.6%, and its share price dipped 3.8%. For IPOs, GPIXEL (03277.HK) printed at $74.5, up 86.8% from its listing price of $39.88, with a turnover of $1.578 billion. MANYCORE TECH (00068.HK), one of the 'Six Little Dragons of Hangzhou,' printed at $17.98, 136% higher than its listing price of $7.62, with a turnover of $2.113 billion. Auto-translated by AI AASTOCKS Financial News |
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