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<H Shrs>HSI Slips 350 Pts at Midday as CATL Shrinks 5%; Leading Techs Feeble
Recommend 3 Positive 4 Negative 5 |
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The HSI dropped 350 points or 1.3% to close at 26,137 at midday. The HSCEI faded 138 points or 1.6% to 8,804. The HSTECH shed 111 points or 2.2% to 4,950. Total half-day turnover of the market amounted to $122.942 billion. Leading dotcoms declined. NTES-S (09999.HK) waned 3.6% at midday after Goldman Sachs cut its target price to $250. BABA-W (09988.HK) cascaded 3.4%, while TENCENT (00700.HK), KUAISHOU-W (01024.HK), MEITUAN-W (03690.HK), JD-SW (09618.HK) and BIDU-SW (09888.HK) sagged 2.7-3%. BILIBILI-W (09626.HK) eroded 5.8%. Battery stock CATL (03750.HK) stumbled 4.9% to close at $700 amid reports that Sinopec (Hong Kong) sold its stake in the company. For automakers, BYD COMPANY (01211.HK) and XIAOMI-W (01810.HK) lost 1.8% and 1.3%, while LEAPMOTOR (09863.HK), NIO-SW (09866.HK) and XPENG-W (09868.HK) slumped 2.3-3.3%. CHERY AUTO (09973.HK) rebounded 2.5%. Robotics concept stocks weakened. DOBOT (02432.HK), UBTECH ROBOTICS (09880.HK), ROBOSENSE (02498.HK) and NEXTEER (01316.HK) descended 3.3-4.1%, while MINTH GROUP (00425.HK) plummeted 5.2%. Auto-translated by AI AASTOCKS Financial News |
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