Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<H Shrs>HSI Plunges 376 Pts at Close; TENCENT, BABA-W Top Losers; AI Concepts Ebb
Recommend 1 Positive 2 Negative 6 |
||||
|
||||
|
Mainland China's official manufacturing PMI trailed behind expectations, while the official services PMI aligned with expectations. A number of companies announced quarterly results impacting their stock prices. Hong Kong bourse was softened by a pullback in techs. The HSI settled at a low of 25,906, down 376 points or 1.4%; the HSCEI lost 178 points or 1.9%, closing at 9,168; and the HSTECH shed 143 points or 2.4%, closing at 5,908. The total market turnover for the day was HKD257.612 billion. BYD COMPANY (01211.HK) logged a 33% decline in net profit for 3Q, with its stock price diving 3.5%. BYD ELECTRONIC (00285.HK) saw a 2.4% rise in net profit for 1-3Q, yet its stock price slid 2.4%. Among other techs, BABA-W (09988.HK) and TENCENT (00700.HK) tumbled 4.1% and 3.4%, respectively. KUAISHOU-W (01024.HK) plunged 3.1%. XIAOMI-W (01810.HK), JD-SW (09618.HK), and BIDU-SW (09888.HK) stumbled over 2%. NTES-S (09999.HK) and BILIBILI-W (09626.HK) dipped 1.4% and 1.5%, and MEITUAN-W (03690.HK) sank 0.4%. AI concept stocks receded, with GDS-SW (09698.HK) down 5.6%; SMIC (00981.HK) and HUA HONG SEMI (01347.HK) down 5.3% and 7.4%; and FIT HON TENG (06088.HK) down 5.4%. In telecom infrastructure stocks, ZTE (00763.HK) and YOFC (06869.HK) plummeted over 6%, while DONGFANG ELEC (01072.HK) in the power equipment sector cascaded 5.5%. PSBC (01658.HK) reported a nearly 1% YoY hike in net profit for 1-3Q, yet its stock price fell off 4.4%. CCB (00939.HK) posted a YoY rise of over 4% in 3Q net profit. ABC (01288.HK) charted a 3.7% YoY increase in net profit for 3Q, but their stock prices lost 2% and 1.7%, respectively. ICBC (01398.HK) delivered a 3.3% elevation in 3Q net profit, with its stock price down 0.5%. CHINA LIFE (02628.HK) charted a more than 91% surge in 3Q net profit, yet its stock price faded 0.8%. PICC P&C (02328.HK) saw a more than 50% growth in net profit for 1-3Q, with its stock price down 3.2%. CPIC (02601.HK) reported a 35% increase in 3Q net profit, while PICC GROUP (01339.HK) logged a 49% YoY higher net profit for 3Q, with stock prices each sagging over 5%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
