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Huawei-backed Luxeed opens pre-orders for RX coupe SUV, taking aim at Xiaomi YU7
CnEVPost·7 hours ago
- Huawei and Chery's EV brand Luxeed opened pre-orders in China for its RX coupe SUV, with prices starting at 299,800 yuan ($44,210) to compete with the Xiaomi YU7. - The mid-to-large all-electric SUV features Huawei's Tuling platform, a 4-LiDAR array, up to 852 kilometers of CLTC range, and designs by former Ferrari designer Werner Gruber. - The official launch is expected this fall following a public debut at the 2026 Chengdu Auto Show on August 21 as part of Luxeed's broader lineup expansion.
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Hong Kong Midday: Hang Seng up 1.14%; mRNA stocks explode as Everest Medicines soars 68%
Market Pulse·12 hours ago
- On August 20 morning close, Hong Kong stocks rose collectively with the Hang Seng Index up 1.14% to 25786.32 points and a total turnover of about 1441 billion HKD. - Propelled by Moderna's cancer vaccine breakthrough, the mRNA and innovative drug sectors surged strongly with Leading stocks like Everly Health soaring over 68% and CanSino jumping over 51%. - Meanwhile, Kuaishou dropped nearly 10% following its earnings report and subsequent rating downgrades, while Xiaomi and Ideal Auto gained on positive financial results and vehicle-to-countryside policies.
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HK Midday: HSI Gains Nearly 1% as Gold Stocks Surge; Kuaishou Tumbles Over 10% Post-Earnings
Market Pulse·14 hours ago
- On August 20, Hong Kong stocks rallied collectively, with the Hang Seng Index rising 0.74% to 25684.92 points. - Sector performance showed gold stocks surging driven by safe-haven demand, pharmaceutical stocks strengthening following positive overseas clinical trial results, and new energy vehicle stocks posting gains. - Kuaishou shares plunged over 11% following its second-quarter financial results reporting a 36% year-on-year drop in net profit.
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Kingsoft's AI Cloud Billings Jump 82%, Stock Soars
benzinga_article·1 day ago, 06:14 AM
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Unitree Robotics whipsaws on debut; SK hynix unveils KRW 40tn buyback & cancellation | Daily News Recap
1 day ago, 03:35 AM
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Top 5 HK Stock Gainers/Losers (>100B) (8.19)
Top Gainers&Losers·1 day ago, 03:31 AM
- On August 19, the Hang Seng Index rose 0.09 % while the Hang Seng Tech Index fell 1.21 %. - Among Hong Kong stocks with a market value exceeding 100 billion, Hong Kong and China Gas gained 7.37 % with a turnover of 1.61 billion HKD. - China Unicom dropped 12.36 % with a turnover of 1.77 billion HKD, and Hua Hong Semiconductor fell 11.79 % with an 8.93 billion HKD turnover.
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Top 10 HK Stock Gainers (8.19)
Top Gainers&Losers·1 day ago, 03:30 AM
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Xiaomi climbs 5% as handset margins beat despite profit slide
HK Stock Market Update·1 day ago, 03:00 AM
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Xiaomi climbs 5% on better-than-expected margins and EV milestones
HK Stock Market Update·1 day ago, 02:57 AM
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HK Midday: Hang Seng Flat; Xiaomi Surges Over 6%, Baidu Plunges Nearly 13%, Semiconductor Stocks Tumble
Market Pulse·1 day ago, 01:17 AM
- During the Hong Kong stock market trading on August 19, the three major indices showed divergence, with the Hang Seng Index flat at 25471.74 points and the Hang Seng Tech Index down 1.39% at 4673.54 points. - Xiaomi shares surged over 6% driven by Barclays' positive view on its AI strategy, while Baidu plunged nearly 13% and the semiconductor sector suffered heavy losses amid broader regional risk aversion. - Meanwhile, domestic banking and insurance stocks defied the market trend to rise, with Industrial and Commercial Bank of China and Bank of China both gaining nearly 2%.
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HK Midday: Hang Seng Edges Up 62 Pts; Xiaomi Jumps 7% Post-Earnings; Chip & AI Stocks Tumble
Market Pulse·1 day ago, 11:18 PM
- At the midday close on August 19, Hong Kong stocks showed divergent performance, with the Hang Seng Index rising 62 points or 0.24% to 25533 points and total market turnover reaching approximately 1293 billion HKD. - Domestic bank stocks, Xiaomi, and Towngas strengthened significantly, while chip and AI concept stocks, including Baidu, plummeted following earnings reports and sector concerns. - Key movers included Agricultural Bank of China leading bank gains, Xiaomi rising nearly 7% despite a Q2 profit drop, and Baidu falling nearly 12% due to soaring AI capital expenditures.
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Baidu Plunges 12% to Lead Tech Selloff; Xiaomi Rises 4% Post-Earnings; Chip Stocks Slide
Market Pulse·1 day ago, 09:18 PM
- Hong Kong stocks fluctuated on August 19, with the Hang Seng Index closing down 0.22 % at 25415.35 points and the Hang Seng Tech Index falling over 1 %. - Baidu plunged over 12 % due to lower-than-expected second-quarter results with a 46 % drop in adjusted net profit, while chip stocks declined following a sharp slump in US semiconductor sectors. - Xiaomi bucked the trend to surge over 4 % as management expressed confidence that the most difficult period for its smartphone business was nearing its end.
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Xiaomi climbs 5% on Pengcheng EV pre-orders beating estimates
HK Stock Market Update·1 day ago, 08:59 PM
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HSAI: ASP Keeps Plunging — How Long Will the Pain Last?
1 day ago, 08:06 PM
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Xiaomi: Still Stuck—Can EREVs Save It?
2 days ago, 08:13 AM
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