HSI Opens Marginally Higher; KB LAMINATES Down 5%; BABA-W Up 1%+

AASTOCKS News
2026.06.17 01:45
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The Hang Seng Index opened marginally higher at 24,495, while the HSTECH and HSCEI indices declined. KB LAMINATES dropped over 5% following a discounted share placement by KINGBOARD HLDG. Leading tech stocks showed mixed performance, with BABA-W rising 1.2% while Tencent and Meituan fell. Blue chips were also divided; HSBC gained nearly 1%, whereas SMIC and Lenovo declined. International oil prices fell more than 5%, pressuring major energy stocks like CNOOC and PetroChina.