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<HK Wrap-up>HSI Sags 133 pts; HSBC, StanChart Meager; Lenovo Ascends
Recommend 93 Positive 169 Negative 121 |
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The HSI sagged 133 pts or 0.67% to close at 19,915; the HSCEI waned 41 pts or 0.61% to close at 6,794; the HSTECH lifted 25 pts or 0.62% to close at 4,224. The full-day turnover aggregated $123.026 billion. Banking shares were broadly squeezed. HSBC HOLDINGS (00005.HK) cascaded 2.9% to $52.15, as the group is set to discuss the shareholder proposal on spinning off its Asian business at a shareholder meeting in early May. STANCHART (02888.HK) edged down 2.7%, while CM BANK (03968.HK) slid 2.6% ahead of its result announcement. AAC TECH (02018.HK) burgeoned 7.7% to $18.68 after the management of the company guided for a steady uptick in revenue and GPM in 2023, and pledged to maintain a 15% dividend payout ratio. COWELL (01415.HK) hiked 12.3%. LENOVO GROUP (00992.HK), whose rating was upgraded by BofA Securities and JPMorgan, leapfrogged 8.3%. As for tech shares, BIDU-SW (09888.HK) bounced 2.3%. BABA-SW (09988.HK) slid 1% to $85.3, while TENCENT (00700.HK) hiked 0.3% to $376.8. MEITUAN-W (03690.HK) and XIAOMI-W (01810.HK), both scheduled to report the 2022 financial results today, dropped 0.6% and climbed 1.8%, to $140.2 and $12.44, respectively. AAStocks Financial News |
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