HSI Adds 50 Pts at Close; NEW ORIENTAL-S Leaps 19%, SMIC Dives 7%+, Z.AI Slumps 16%+
AASTOCKS News·- The Hang Seng Index closed up 50 points or 0.2% at 25,858 with a total turnover of HKD 304.894 billion, while major market sectors exhibited mixed performances. - New Oriental-S surged 18.84% following a 27.8% profit increase and a target price upgrade by Goldman Sachs, emerging as the best-performing blue chip. - Chip stocks like SMIC plunged 7.74% and AI concept stocks faced notable pressure, reflecting divergent movements across the Hong Kong stock market.HSI Dips 8 Pts at Midday After Choppy Trade; NEW ORIENTAL-S Spikes 17%; BUD APAC Up 7%; Z.AI Dives 16%+
AASTOCKS News·- The Hang Seng Index edged down 8 points to close the morning session at 25,798 amidst choppy trade with a turnover of HKD 162.074 billion. - Individual stock performances varied significantly, driven by corporate earnings and broker upgrades, with NEW ORIENTAL-S spiking 17.08% and BUD APAC rising 7.36%. - Meanwhile, AI-related shares faced heavy selling pressure, leading to a 16.46% plunge for Z.AI and declines across other technology counters.