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<H Shrs>HSI Swells 68 Pts at Midday as BYD COMPANY Gains ~6%; Casinos Subtract
Recommend 74 Positive 126 Negative 49 |
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The HSI inched up 68 points or 0.26% to close at 25,887 at midday. The HSCEI ticked up 68 points or 0.77% to 8,983. The HSTECH added 88 points or 1.6% to 5,587. Market turnover amounted to $126.415 billion. BYD COMPANY (01211.HK) swelled nearly 6%, making it the best-performing blue chip, although the Group denied plans to launch flying cars. XPENG-W (09868.HK) elevated 6.3% as the Group tapped into the Qatar market and formed a strategic partnership in Mauritius. LEAPMOTOR (09863.HK) issued domestic shares to FAW at a 10.7% premium, involving over $4.1 billion, boosting its share price by 3.6% at midday. MGM CHINA (02282.HK) plunged over 13% as Morgan Stanley noted its royalty payments to the parent company will double YoY next year, and downgraded rating to Equalweight. Other casinos also subtracted. SANDS CHINA LTD (01928.HK) cratered 3.7%, making it the worst-performing blue chip. WYNN MACAU (01128.HK) and MELCO INT'L DEV (00200.HK) waned over 3%, while GALAXY ENT (00027.HK) eroded 2.2%. AASTOCKS Financial News Website: www.aastocks.com |
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