GJXIAMI@EC2701A (14448.HK) Latest News & Headlines | Longbridge

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Hong Kong Midday: HSI Rises 174 Points; Resource Stocks Rally, Xiaomi Up Over 4%
Market Pulse·1 hour ago
- Hong Kong stocks closed higher at midday on August 26, with the Hang Seng Index rising 174 points to 25685 points and a total turnover of approximately 1399 billion HKD. - Resource stocks, new energy sectors, and tech shares led the gains driven by factors such as rising gold and international copper prices, alongside policy support. - Conversely, petroleum stocks declined due to falling oil prices, while other individual stocks exhibited mixed movements following corporate earnings and news updates.
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Hong Kong Stocks Midday: Hang Seng Gains Nearly 1% as Resource Shares Surge; Jiangxi Copper Soars Over 11%
Market Pulse·3 hours ago
- Hong Kong stocks rose across the board on August 26, with the Hang Seng Index up 0.86 % to 25,730.28 points. - Resource stocks surged sharply, driven by strong interim earnings, positive commodity price expectations, and Citigroup raising its 3-month gold price target to 4,800 USD. - Meanwhile, pharmaceutical, technology, and real estate sectors performed well, whereas petroleum stocks dropped due to declining international oil prices.
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Xiaomi (XIACF): New Buy Recommendation for This Technology Giant
Tip Ranks·20 hours ago
- GuoSen maintained a Buy rating on technology giant Xiaomi with a price target of HK$42.50. - Piper Sandler also issued a Buy rating for the company on August 19. - China Renaissance downgraded Xiaomi to a Hold on the same day.
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NVDA Groq 3 LPX now in full production; ByteDance 'Doubao Work' debuts｜Daily News Recap
21 hours ago
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Hong Kong Midday: Hang Seng Dips 0.25%; Mainland Developers Surge, Gold Stocks Retreat, Meituan Slides 6%
Market Pulse·1 day ago, 11:19 PM
- Hong Kong stocks closed lower at midday on August 25, with the Hang Seng Index falling 0.25 % to 25453.19 points and a total turnover of approximately 126.8 billion HKD. - Sector performance diverged significantly, as mainland property stocks surged collectively while gold stocks generally pulled back due to falling gold prices and macroeconomic focus. - CXO stocks strengthened following positive interim financial results from relevant companies, while technology stocks showed mixed movements.
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Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 2.1% - Time to Sell?
Market Beat·1 day ago, 04:20 PM
- Taiwan Semiconductor Manufacturing Company experienced a 2.1% share price drop amid a sector-wide de-risking move across chip stocks. - The company reported strong financial performance with $39.89 billion in quarterly revenue and robust demand driven by artificial intelligence and advanced manufacturing contracts like Xiaomi's 3-nanometer process. - Major institutional investors and corporate insiders adjusted their holdings while Wall Street analysts maintain a consensus "Buy" rating with an average target price of $524.25.
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Tesla Recalls 3 Mln Cars In China Over Hidden Door Handles; Shares Drop
rttnews·1 day ago, 08:53 AM
- Tesla is recalling approximately 3 million vehicles in China, contributing to a broader mass recall of 4.3 million cars by multiple automakers due to safety hazards associated with hidden door handles. - The recall addresses concerns that potential low-voltage system failures in emergencies could trap occupants and hinder rescue efforts. - Affected carmakers plan to install warning labels and release software updates to automatically lower windows after crashes, as China prepares to ban hidden door handles effective January 1, 2027.
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Tesla (TSLA) Triggers Largest Ever Auto Recall Over Door Handles as China EV Stocks Tumble
Tip Ranks·1 day ago, 05:57 AM
- Tesla is recalling approximately 2.98 million vehicles in China starting September 25, 2026, due to electronic door handle safety issues and driver-monitoring system deficiencies. - The company plans to address these safety concerns using warning labels and over-the-air software updates that automatically lower car windows and add in-cabin camera monitoring. - This record recall has also impacted the broader market, causing shares of major Chinese EV makers to slide while Tesla shares experienced premarket fluctuations.
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TSLA Competitor? Xiaomi Joins NIO in Race to Build In-House Chips for Self-Driving Cars
benzinga_article·1 day ago, 05:31 AM
- Chinese tech giant Xiaomi has unveiled its in-house Xring D100 self-driving chip built on a 3-nm process, scheduled for commercial deployment in 2027. - The new chip features a 20-core CPU and a 16-core NPU, enabling it to run local Large Language Models with 200 billion parameters. - This development aligns with broader industry trends where competitors like NIO, XPeng, and Tesla are advancing their own autonomous driving and semiconductor initiatives.
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TSM Stock: Xiaomi's New Xring Chip Could Give TSMC Another Boost
Tip Ranks·1 day ago, 04:57 AM
- Xiaomi unveiled its new Xring O3 smartphone processor and planned chips, aiming to reduce reliance on external suppliers. - TSMC will manufacture the 3-nanometer chip, adding another high-end customer and supporting its long-term advanced chip-making business. - This partnership reflects a broader trend of tech firms building custom chips while continuing to rely on TSMC for production.
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Xiaomi unveils 3-nm Xring D100 smart-driving chip, plans commercial use in 2027
CnEVPost·1 day ago, 02:44 AM
- Xiaomi unveiled the Xring D100, China's first high-computing-power smart-driving AI chip built on a 3-nm process, with commercial use scheduled for 2027. - The chip features a 20-core CPU, a 16-core NPU, and supports up to 160 GB of unified memory to run large models locally. - This development extends Xiaomi's semiconductor push into automotive computing to reduce costs and improve AI system efficiency amid competition from peers like Nio and Li Auto.
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Hang Seng Drops Nearly 2% as Alibaba's HK$80bn Placement Hammers Tech Stocks; Oil, Gold Buck the Trend
Market Pulse·1 day ago, 01:19 AM
- Hong Kong stocks declined significantly on August 24, with the Hang Seng Index falling 1.96% to 25498.35 points and the Hang Seng Tech Index dropping 3.67% to 4591.12 points. - Alibaba plummeted over 9% after raising approximately 79.7 billion HKD through a massive share placement for AI infrastructure, dragging down internet and semiconductor stocks. - Meanwhile, oil stocks, surging gold prices driven by safe-haven demand, and select new consumption shares bucked the broader market downward trend.
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Hong Kong Midday: Hang Seng Tumbles Over 2%; Alibaba Slumps Nearly 10% on Share Placement; Sinopec Bucks Trend, Up Over 4%
Market Pulse·2 days ago, 11:18 PM
- At the midday close on August 24, Hong Kong stock indices declined collectively, with the Hang Seng Index down 2.09% to 25465.23 points and a total turnover of approximately 1679 billion HKD. - Alibaba's record 80 billion HKD share placement triggered a broad tech sector sell-off, causing its stock to plummet nearly 10% and fall below the placement price. - Conversely, Sinopec rose over 4% following a 12% increase in mid-term net profit, while Livzon Pharmaceutical dropped over 14% after reporting declining mid-term earnings.
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HK Midday: Hang Seng Tumbles 2% as Alibaba's Record HK$80 Bln Placement Hammers Techs; Gold, Oil Stocks Shine
Market Pulse·2 days ago, 09:20 PM
- On August 24, Hong Kong stocks declined significantly, with the Hang Seng Index falling 2.00% to 25488.47 points. - Alibaba's record 80 billion HKD share placement triggered a sharp drop in tech stocks, while Michael Burry's clearance of his stake added to market concerns. - Meanwhile, petroleum and gold stocks strengthened counter-trend due to strong corporate earnings and surging gold prices exceeding 4700 USD per ounce.
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