Back    Zoom +    Zoom -
<H Shrs>HSI Closes Up 41 pts as Kingsoft Series Spike; XPENG Drops Post-results
Recommend
92
Positive
150
Negative
73
The HSI added 41 points or 0.2% to close at 19,705. The HSCEI inched up 6 points or 0.1% to close at 7,090. The HSTECH picked up 18 points or 0.4% to close at 4,413. The total market turnover for the day amounted to $114.671 billion.

BABA-W (09988.HK) issued US$2.65 billion and RMB17 billion senior unsecured notes for debt repayment and share buybacks. The stock slid 0.6% to $84.75. WB-SW (09898.HK)'s 1Q24-3Q24 net profit inclined 13%, and its share price swelled 7.9%. KINGSOFT (03888.HK) rallied 9.4% as its 3Q24 net profit surged 13.5x, while its same series KINGSOFT CLOUD (03896.HK) soared 27% as its 3Q24 loss widened to RMB1.057 billion.

Related NewsCCBI Cuts BABA-W (09988.HK) TP to $109.7; Take-rate Stabilizes
Pharma were popular. UBS wrote in its report that it was optimistic about the diabetes drug prospects of INNOVENT BIO (01801.HK). INNOVENT BIO escalated 8.1%, while AKESO (09926.HK) spiked nearly 10%. HANSOH PHARMA (03692.HK), BEIGENE (06160.HK) and SINO BIOPHARM (01177.HK) leaped 3.4-4.2%.

For car makers, XPENG-W (09868.HK) shed 3.1% as it narrowed its 3Q24 non-GAAP net loss to RMB1.53 billion and planned to launch at least four new models next year. GEELY AUTO (00175.HK) cascaded 2.1%, while GWMOTOR (02333.HK) and NIO-SW (09866.HK) faded 3.7%.
AAStocks Financial News