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<H Shrs>HSI Sags 322 Pts at Midday, but CHINA LIFE Advances ~5%; SMIC Swells 6%+
Recommend 24 Positive 32 Negative 15 |
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The HSI sagged 322 points or 1.2% to close at 25,789 at noon. The HSCEI shed 112 points or 1.3% to 8,693. The HSTECH dropped 48 points or nearly 1% to 4,862. Total market turnover amounted to $156.585 billion. Chinese insurer CHINA LIFE (02628.HK) advanced nearly 5% at midday as its 1Q net profit fell 32.3%. CLSA said that its net profit was broadly in line with expectations, while Morgan Stanley and JPMorgan noted strong growth in its new business value. Among Chinese banks, CCB (00939.HK) reported a 3.5% increase in 1Q net profit, but its stock price cascaded 1.6%. BANKCOMM (03328.HK) posted a 3.1% increase in 1Q net profit, but its share price waned nearly 3%. BANK OF CHINA (03988.HK) recorded a 4.2% YoY hike in 1Q net profit, while ICBC (01398.HK) posted a 3.3% rise in 1Q net profit, but their share prices faded 1.5% and 1.9%. ABC (01288.HK) reported a 4.5% growth in 1Q net profit, but its share price lost 1.1%. AI chip stock CAMBRICON (688256.SH) soared 17.3% at midday to break ceiling, as the Company’s 1Q net profit surged 185.04% YoY. Chip stock SMIC (00981.HK) swelled 6.4%, making it the best-performing blue chip. HUA HONG SEMI (01347.HK) also leaped 3.9%. Auto-translated by AI AASTOCKS Financial News |
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