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<H Shrs>HSI Closes Down 108 Pts as BABA Slips 4%+; BYD COMPANY Breaks Ceiling, Mounts 3%+
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BABA-W (09988.HK)'s ADR declined post-results. The HSI ebbed 108 points or 0.5% to close at 23,345. The HSCEI dropped 41 points or 0.5% to close at 8,468. The HSTECH lost 16 points or 0.3% to close at 5,281. The total market turnover for the day amounted to $190.722 billion. NTES-S (09999.HK) surged 13% to $190 as its quarterly profit largely beat expectations. Its same series NETEASE MUSIC (09899.HK) escalated 7.1%. BABA-W (09988.HK) shrank 4.3% to $123.4 post-results, with markets focused on the profit impact of its instant e-commerce investments. XIAOMI-W (01810.HK) climbed 1.7% to $51, ahead of its self-developed SoC chip launch for smartphones by month-end. For other techs, TENCENT (00700.HK) and BIDU-SW (09888.HK) shed 1.5% and 1.1%, while JD-SW (09618.HK), KUAISHOU-W (01024.HK) and MEITUAN-W (03690.HK) cascaded 2.1-3%. BILIBILI-W (09626.HK) leaped 3.8%. In addition, WEIMOB INC (02013.HK) plummeted 8.3%, while HORIZONROBOT-W (09660.HK), JD HEALTH (06618.HK) and CHINASOFT INT'L (00354.HK) mounted 3.8-5.3%. Chip stock SMIC (00981.HK) gained 1.1%, while automaker BYD COMPANY (01211.HK) ballooned 3.3% to $424.2, and hit a new high of $436.6 during the intraday trading session. NIO-SW (09866.HK) jumped up 2.4%, while auto agency ZHONGSHENG HLDG (00881.HK) waned 3.1%. AAStocks Financial News Website: www.aastocks.com |
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