HSI Midday Down 165 Pts; Z.AI Plunges 16%+; XIAOMI-W Down 1.7% Ahead of Results
AASTOCKS News·- The Hong Kong Hang Seng Index closed down 165 pts or 0.65% at 25,287 at midday, with major tech and AI-related stocks experiencing notable declines. - XIAOMI-W dropped 1.7% ahead of its results announcement, while AI-related stock Z.AI plunged 16.63%. - Insurers and international financials generally deteriorated, whereas oil prices rose following comments from US President Donald Trump regarding Iran.HSI Opens Down 84Pts; BIDU-SW Up 1% Ahead of Results; XIAOMI-W Down 1%+
AASTOCKS News·- Hong Kong stocks opened lower on August 18, with the HSI dropping 84 points or 0.33 % to 25,368 following overnight US stock declines driven by Middle East tensions and rising oil prices. - Major technology stocks softened broadly, while BIDU-SW rose 1 % and XIAOMI-W fell 1.47 % ahead of their quarterly results announcements today. - Blue chip performances varied, with AIA sinking 1.43 % and CNOOC gaining 1 %, while GEELY AUTO dipped 0.21 % following a major management reshuffle.