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<H Shrs>HSI Closes Down 324 Pts as CATL Slumps 5%; Major Techs Drop
Recommend 3 Positive 1 Negative 3 |
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The HSI slipped 324 points or 1.2% to close at 26,163. The HSCEI lost 141 points or 1.6% to close at 8,801. The HSTECH faded 97 points or 1.9% to close at 4,963. Total market turnover for the day amounted to $228.303 billion. Dotcoms declined. NTES-S (09999.HK) sagged 2.9% after Goldman Sachs cut its target price to $250. BABA-W (09988.HK) waned 3.5%, while TENCENT (00700.HK), KUAISHOU-W (01024.HK), MEITUAN-W (03690.HK), JD-SW (09618.HK) and BIDU-SW (09888.HK) receded 2.2-2.9%. BILIBILI-W (09626.HK) stumbled 5.8%, while NEW ORIENTAL-S (09901.HK) cascaded 3.6% as it will announce its quarterly results for the period ended February 2026 today. Battery stock CATL (03750.HK) eroded 5% to close at $699 amid reports that Sinopec (Hong Kong) sold its stake in the company, making it the biggest loser among blue chips. For automakers, BYD COMPANY (01211.HK) and XIAOMI-W (01810.HK) shed 1.9%, while LEAPMOTOR (09863.HK), NIO-SW (09866.HK) and XPENG-W (09868.HK) cratered 2.5-2.9%. CHERY AUTO (09973.HK) rebounded 2.7%. Robotics concept stocks softened, with DOBOT (02432.HK), UBTECH ROBOTICS (09880.HK), ROBOSENSE (02498.HK), NEXTEER (01316.HK) and MINTH GROUP (00425.HK) shrinking 3-4.5%. Auto-translated by AI AASTOCKS Financial News |
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