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<H Shrs>HSI Opens Up 186Pts; BABA, TENCENT Lead Pack; BYD Up 4.5%
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The HSI opened up 186 points or 0.9% at 21,603; the HSCEI added 65 points or 0.8% to 8,031; and the HSTECH gained 42 points or 0.9% to 5,057. For techs, BABA-W (09988.HK) opened 3.3% higher at HKD111.8. TENCENT (00700.HK) climbed 2.3% to HKD464.6, while JD-SW (09618.HK), BIDU-SW (09888.HK) and BILIBILI-W (09626.HK) saw gains of 0.6%-1.2%. KUAISHOU-W (01024.HK) and TME-SW (01698.HK) jumped up 2.3% and 3.1%, respectively, though SMIC (00981.HK) dipped 1%. MEITUAN-W (03690.HK) edged up 0.4% to HKD146.5 after announcing a RMB100 billion subsidy plan for the catering industry over three years via its food delivery platform. CHINA RUYI (00136.HK) slipped 3.5% to HKD2.23 after intending to raise approximately HKD2.304 billion through convertible bonds. A Counterpoint report highlighted strong demand for the iPhone 16e, with Apple (AAPL.US) leading 1Q smartphone sales, lifting BYD ELECTRONIC (00285.HK) by 1% at the open. In the auto sector, BYD COMPANY (01211.HK) surged 4.5% to HKD393. AAStocks Financial News |
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