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<H Shrs>HSI Drops 11 Pts at Midday; POP MART Rallies 8%+; Consumers Surge Against Mkt
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The HSI settled the midday down 11 points or 0.04% at 26,552. The HSCEI fell 11 points or 0.1% to 9,123. The HSTECH dropped 38 points or 0.66% to 5,711. The total market turnover for the half-day was HKD129.845 billion.

Among major tech stocks, TENCENT (00700.HK) and BIDU-SW (09888.HK) dipped 1.5%. BABA-W (09988.HK) and KUAISHOU-W (01024.HK) edged down 0.2% and 0.1%. MEITUAN-W (03690.HK) slipped 0.7%. JD-SW (09618.HK) and BILIBILI-W (09626.HK) rallied 1.1% and 1.2%. NTES-S (09999.HK) climbed 1.9%.

Related NewsFixed Asset Investment (YTD) YoY for Dec in China is -3.8%, lower than the previous value of -2.6%. The forecast was -3%.
In addition, WEIMOB INC (02013.HK) jumped 3.9%. XD INC (02400.HK) plunged 4.9%. AI-related stocks UNISOUND (09678.HK) and KNOWLEDGE ATLAS (02513.HK) plummeted 3.3% and 6.7%, while INSILICO (03696.HK) and MINIMAX-WP (00100.HK) leaped 2.4% and 4.2%.

In the chip sector, SMIC (00981.HK), HUA HONG SEMI (01347.HK), INNOSCIENCE (02577.HK), and BIREN TECH (06082.HK) eroded 2.9-3%. Carmaker BYD COMPANY (01211.HK) slipped 2.8%. XIAOMI-W (01810.HK) also lost 1.5%.

As for the pharmaceutical sector, HENGRUI PHARMA (01276.HK) and HANSOH PHARMA (03692.HK) ebbed over 3%. WUXI APPTEC (02359.HK) dived 4.6%. WUXI BIO (02269.HK) and WUXI XDC (02268.HK) dropped over 2%. GIANT BIOGENE (02367.HK) advanced 2.8%.

Related NewsLoan Prime Rate 1Y for 2026 in China is 3.00%, unchanged from its last period. The forecast was 3%.
Consumer stocks thrived, with POP MART (09992.HK) rocketing 8.5% to HKD196.1, with a turnover of HKD4.247 billion. It launched a share buyback for the first time in nearly two years, involving 1.4 million shares for HKD251 million. With China's decision to extend the implementation period of the personal consumption loan interest subsidy policy to the end of this year, MAO GEPING (01318.HK) and MIXUE GROUP (02097.HK) soared 4.5% and 3.8%.
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