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<H Shrs>HSI Closes Up 200 Pts as AI Stocks Speculated; MANYCORE TECH Surges 1x
Recommend 7 Positive 5 Negative 6 |
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The HSI added 200 points or 0.8% to close at 26,361. The HSCEI picked up 54 points or 0.6% to close at 8,899. The HSTECH lifted 22 points or 0.46% to close at 5,065. Total market turnover for the day amounted to $241.463 billion. It is reported that DeepSeek is seeking financing at a US$10 billion valuation. AI stocks were speculated. KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK) rallied 9.4% and 6.1%, while INSILICO (03696.HK) and PHANCY (06682.HK) spiked 14.1% and 12.5%. UNISOUND (09678.HK) shot up 9.5%. Listed IPOs were popular. MANYCORE TECH (00068.HK), one of the Hangzhou Six Little Dragons, surged 1.01x to close at $37.44, with a turnover of $3.976 billion. Cloud service provider GDS-SW (09698.HK) leaped 4.7%. China's State Administration for Market Regulation fined seven e-commerce platforms over food safety violations. MEITUAN-W (03690.HK) and JD-SW (09618.HK) shed 1.6% and 0.2%, while BABA-W (09988.HK) ticked up 0.4% as its AI video large model, HappyHorse, is reported to be opened for testing next week. For other techs, TENCENT (00700.HK) jumped up 2.4% on market anticipation of its upcoming model release. BIDU-SW (09888.HK), NTES-S (09999.HK) and KUAISHOU-W (01024.HK) added 0.7-1.1%. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) ascended 0.8% and 4.4%, while GPIXEL (03277.HK) ballooned 2.3%. Handset parts stock SUNNY OPTICAL (02382.HK) mounted 3.4%, while robotics stock UBTECH ROBOTICS (09880.HK) stumbled 4%. Optical communication stock CIG (06166.HK) descended 7.4%, while YOFC (06869.HK) mushroomed 2.4%. Auto-translated by AI AASTOCKS Financial News |
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