HSI Closes at 25,471, Up 17 pts; HSTI Closes at 4,739, Down 42 pts; BABA Up over 3%; OOIL, GENSCRIPT BIO, TS LINES, ABLE DIGITAL, SITC Hit New Highs; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index closed up 17 points at 25,471, while the Hang Seng Tech Index dropped 42 points to 4,739 with a total market turnover of $255.54 billion. - Major heavyweights showed mixed performances, with Alibaba rising over 3% to close at $126.7 while Tencent and Meituan declined. - Stocks including OOIL, GENSCRIPT BIO, TS LINES, ABLE DIGITAL, and SITC hit new highs during the trading session.Top 5 HK Stock Gainers/Losers (>100B) (8.17)
Top Gainers&Losers·HSI Opens Up 186 pts as JD-SW Rebounds 3%+; SENSETIME-W Opens 7% Higher on Positive Profit Alert
AASTOCKS News·- The Hong Kong Hang Seng Index opened higher at 25,303 with an increase of 186 pts or 0.74%, driven by widespread advances among major tech and blue-chip stocks. - Key technology stocks rebounded or gained, led by BABA-W rising 1.75% after its AI model downloads exceeded 3 billion globally and JD-SW recovering 3.45%. - Individual stocks such as SENSETIME-W opened 7.12% higher following a positive profit alert expecting consolidated profit for the first time since listing.Dell Stock Rally Pauses, But Supermicro, Lenovo Earnings Point to Upside
benzinga_article·- Dell Technologies stock recently pulled back to $490 after reaching a record high of $514 amid a 292 % surge this year. - Strong earnings from competitors Lenovo and Super Micro Computer, alongside sustained data center capital spending, indicate continued growth for Dell. - Analysts maintain an optimistic outlook with increased price targets, projecting a 49 % revenue jump for the upcoming quarter despite pressures in the PC industry.