HSI Turns Lower at Midday by 64 pts; MEITUAN-W Slumps 6%+; XPENG-W Slides ~10% After Results; Kingboard Series Rallies
AASTOCKS News·
- The HSI turned lower at midday on August 25, closing down 64 pts at 25,453 with a market turnover of HKD126.755 billion.
- Major tech and electric vehicle stocks experienced declines, led by XPENG-W plummeting nearly 10% due to a widened 2Q26 adjusted net loss of RMB1.237 billion and MEITUAN-W sliding 6.53%.
- Conversely, Wuxi series and Kingboard series rallied strongly following upbeat analyst target price upgrades and corporate results.
