HSTECH Loses ~2%; Z.AI Plunges 16%, Barely Holds HKD1,000 Mark; MINIMAX-W Dives 12%; SENSETIME-W Ebbs 6.5%
AASTOCKS News·- The Hong Kong stock market experienced a downturn, with the HSI dropping 157 points to 25,295 and the HSTECH declining 1.9% to 4,689. - Major artificial intelligence stocks suffered sharp drops, as Z.AI plunged 16.21% to HKD1,008, MINIMAX-W dived 12.34%, and SENSETIME-W fell 6.54% despite an interim positive profit alert forecasting a net profit of RMB500-700 million. - Other focus stocks reported mixed movements ahead of earnings announcements, with companies like WEIMOB INC and GIGADEVICE dropping nearly 6% while BIDU-SW edged up 0.4%.Shanghai Composite Opens Down 3 pts; ZHONGJI INNOLIGHT Opens Nearly 3% Higher; Chinese Banks Soft
AASTOCKS News·- The RMB central parity rate was set at 6.7904 with the PBOC executing a net daily withdrawal of RMB 133 billion through open market operations. - The three major A-share indices opened mixed, as Chinese bank stocks traded soft and major photovoltaic stocks exhibited divergent movements following new trade measures. - Sector performances varied significantly with optical module players opening higher while chip and insurance stocks experienced mild declines.Roundhill Memory ETF Adds CXMT With 2.52% Weight
Binance News·- Roundhill Memory ETF has added CXMT to its holdings with a 2.52% weight. - The ETF focuses on memory chip companies and features major holdings such as Samsung Electronics, Micron Technology, and SK Hynix. - Other prominent holdings include Seagate Technology, Western Digital, SanDisk, Kioxia, Nanya Technology, and GigaDevice.A-Share Three Major Indices Open 0.8%-5.2% Higher; Mainland Bank Stocks Weak, HUA HONG GRACE Surges 13%
AASTOCKS News·- The PBOC set the RMB central parity rate at 6.7894 and conducted RMB 134 billion of 7-day reverse repos alongside RMB 600 billion of overnight reverse repos. - The three major A-share indices opened between 0.8% and 5.2% higher, with the Shanghai Composite Index opening up 0.76% at 3,833. - Mainland bank and insurance stocks opened lower, while chip stocks experienced significant gains, including HUA HONG GRACE surging nearly 13% and GIGADEVICE hitting the daily limit up.