HSI Adds 19 Pts for Day; BYD ELECTRONIC Jumps 6.3% Ahead of Results, OOIL Sinks 8.7% Post-results; Z.AI and MINIMAX-W Under Pressure
AASTOCKS News·- The Hong Kong Hang Seng Index closed up 19 pts at 25,584 amid stock futures settlement, with total market turnover reaching HKD231.209 billion. - Individual stock movements saw OOIL drop 8.65% following a nearly 24% profit decline, while BYD Electronic surged 6.27% ahead of its results. - AI sector stocks faced downward pressure, with Z.AI plunging 6.03% and MINIMAX-W sliding 4.51% after target price adjustments.HSI Opens Down 155 pts; BABA-W Slips 2%; SHIMAO GROUP Opens Down 10% on Winding-up Petition
AASTOCKS News·- The HSI opened down 155 points at 25,410 points, while major US stock indices closed higher, driven by a surge in NVIDIA Corporation following strong earnings results. - Hong Kong tech and banking stocks generally declined at the opening, whereas individual companies experienced notable stock movements following their corporate earnings reports and financial disclosures. - Shimao Group opened 10.45% lower after facing another winding-up petition, while companies like Tianqi Lithium surged following a significant jump in interim profit.HSI Reverses to Fall 108 Pts at Half-day; BIDU-SW Surges Over 6%; AI Large Model & Hardware Stocks Rally; KB LAMINATES Jumps 9.5%
AASTOCKS News·- The Hang Seng Index reversed to close 108 points lower at 25,544 points at midday, while the HSTECH index rose 0.19% to 4,634 points. - BIDU-SW surged 6.66% ahead of its primary listing conversion on the Stock Exchange, and chip and AI hardware stocks rallied following NVIDIA's strong quarterly results. - Printed circuit board stocks and multiple blue chips also experienced notable movements driven by corporate earnings and financial reports.