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<H Shrs>HSI Closes Up 234 Pts as Chip Stocks Rally; SMIC Surges 10%+
Recommend 7 Positive 9 Negative 5 |
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The HSI added 234 points or 0.9% to close at 25,339. The HSCEI climbed 105 points or 1.2% to close at 9,079. The HSTECH jumped up 149 points or 2.7% to close at 5,647. Total market turnover for the day amounted to $285.584 billion. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) spiked 10.1% and 17.9% each at close, while semiconductor equipment stock ASMPT (00522.HK) advanced 5.5%. Software stocks SENSETIME-W (00020.HK) and CHINASOFT INT'L (00354.HK) elevated 5.7% and 4.7%, while KINGSOFT (03888.HK) and KINGDEE INT'L (00268.HK) mounted 3.9% and 3.7%. Smart driving chip maker HORIZONROBOT-W (09660.HK) leaped 4.8%. Biopharmaceutical stocks are expected to elevate, benefiting from AI, with CANSINOBIO (06185.HK), SINO BIOPHARM (01177.HK), AKESO (09926.HK) and WUXI BIO (02269.HK) swelling 5.1-6.1%. Furthermore, XTALPI (02228.HK) surged 10.3%, with a turnover exceeding $3 billion. BILIBILI-W (09626.HK)'s 2H25 online game revenue guidance was below expectations, and its stock price stumbled 6.1%. KUAISHOU-W (01024.HK) reported a 20% YoY increase in 2Q25 adjusted profit, far exceeding expectation, with special dividend distribution, boosting its share price by 4.4%. Alibaba Local Life will launch a discount group buying service of food delivery to wrestle with Meituan's Pin Hao Fan. Therefore, BABA-W (09988.HK) ballooned 2%. MEITUAN-W (03690.HK) and JD-SW (09618.HK) ticked up 1.1% and 0.2%, while MEITU (01357.HK) mushroomed 4.6% as its chairman increased holdings by 700,000 shares at an average price of $10. AAStocks Financial News Website: www.aastocks.com |
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