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<H Shrs>HSI Fades 173 Pts at Midday as CATL Slumps ~7%; WUXI APPTEC Spikes 15%
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Hong Kong stocks softened in the morning session. The HSI slid 173 points or 0.7% to close at 25,752 at noon. The HSCEI slipped 82 points or 0.9% to 8,673. The HSTECH lost 60 points or 1.2% to 4,879. Total half-day turnover of the market amounted to $131.191 billion CATL (03750.HK) tumbled 6.9% to $629 after it announced a 7% discounted share placement to raise a net amount of over $39.1 billion. WUXI APPTEC (02359.HK) spiked 14.9% to $144.8 at midday as its 1Q26 adjusted non-IFRS net profit surged 72% YoY. CLSA noted that the company delivered high-quality growth for the quarter. Its same series WUXI BIO (02269.HK) jumped up 2.4%, while WUXI XDC (02268.HK) leaped 4%. CHINAHONGQIAO (01378.HK) planned to issue convertible bonds at a 25.3% premium to raise US$1.47 billion, denting its share price by 3.5%. HAIER SMARTHOME (06690.HK) ballooned 2.7% after it reported a 15% decline in its 1Q26 net profit. For major stocks, BABA-W (09988.HK) cascaded 2% to $127.6 after it received approval from the Hong Kong Stock Exchange to spin off its Jiaxing park for listing on the Shenzhen Stock Exchange. TENCENT (00700.HK) and MEITUAN-W (03690.HK) shed 0.5% and 1.2%, while KUAISHOU-W (01024.HK) waned 2.7%. AIA (01299.HK) and HSBC HOLDINGS (00005.HK) ascended 0.5% and 0.1%, while HKEX (00388.HK) dropped 0.4%. BYD COMPANY (01211.HK), whose second-generation Denza D9 pure electric version began pre-sales, shrank 1.1%. The company is set to announce its quarterly results later today. Auto-translated by AI AASTOCKS Financial News |
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