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<H Shrs>HSI Sags 58 Pts; KUAISHOU-W Dives 5%+; KINGSOFT 3% Higher
Recommend 56 Positive 92 Negative 49 |
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At open, the HSI was 58 pts or 0.3% lower at 19,646; the HSCEI was 30 pts or 0.4% lower at 7,060; and the HSTECH was 20 pts or 0.5% lower at 4,393. KUAISHOU-W (01024.HK) dived 5.3% at $49.75 after quarterly adjusted earnings were announced, broadly in line. SUNNY OPTICAL (02382.HK) dropped 0.5% on a report that iPhone sales fell by a double digit during China's Double 11 shopping festival. Other techs, BABA-W (09988.HK), TENCENT (00700.HK), XIAOMI-W (01810.HK) and JD-SW (09618.HK), dipped 0.1%-0.5%. MEITUAN-W (03690.HK) opened flat at $174.8. BIDU-SW (09888.HK), NTES-S (09999.HK) and BILIBILI-W (09626.HK) added less than 1%. KINGSOFT (03888.HK), under continued speculation post results, shot up 3.3% in the morning. NIO-SW (09866.HK)’s 3Q adjusted net loss widened to RMB4.4 billion, and the management targeted to record a profit by 2026. The stock opened flat at $36.4. Its peers GEELY AUTO (00175.HK), LI AUTO-W (02015.HK) and XPENG-W (09868.HK) lost 1.3%-1.5%. AAStocks Financial News |
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