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<H Shrs>HSI Falls 123 Pts at Midday; SWIRE PACIFIC A Rises 5%; MTR CORPORATION Slips 6%+
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The HSI concluded the midday down 123 points or 0.5% at 25,593. The HSCEI fell 1 point to 8,698. The HSTECH dropped 20 points or 0.4% to 5,007. The total market turnover for the half-day amounted to HKD126.059 billion.

In the financial sector, HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) receded 3.8% and 4.4%. HKEX (00388.HK) and AIA (01299.HK) dipped 0.7% and 1.5%.

Related NewsVehicle Sales YoY for Feb in China is 15.4%, higher than the previous value of -3.2%.
As oil prices rallied overnight, PETROCHINA (00857.HK) and CNOOC (00883.HK) grew 1.4% and 1.6%. SINOPEC CORP (00386.HK) slid 3.4%. Airlines CHINA SOUTH AIR (01055.HK), CHINA EAST AIR (00670.HK), and AIR CHINA (00753.HK) shed 2.7-3.5%.

Gold prices inched down 1% amid weakening market expectations for interest rate cuts. ZIJIN GOLD INTL (02259.HK) lost 4%. SD GOLD (01787.HK) and ZHAOJIN MINING (01818.HK) eroded 2.9% and 3.2%.

Swire Group plans to net HKD1.79 billion by placing a 2.52% stake in CATHAY PAC AIR (00293.HK) at a discount of over 9%. CATHAY PAC AIR faded 3%. SWIRE PACIFIC A (00019.HK) advanced 5% after it surprised the market with an increased dividend. SWIREPROPERTIES (01972.HK) ticked up 2%. Various brokers lifted their target prices for this stock following its results release. MTR CORPORATION (00066.HK) collapsed 6.3%. It reported a 7% drop in annual net profit, meeting expectations. The market is eyeing the visibility of capital expenditure for Northern Link Part 2.

Related NewsM2 Money Supply YoY for Feb in China is 9%, unchanged from its last period. The forecast was 8.8%.
Among tech stocks, TENCENT (00700.HK), BABA-W (09988.HK), JD-SW (09618.HK), BIDU-SW (09888.HK), and NTES-S (09999.HK) ballooned 1.1-1.6%. MEITUAN-W (03690.HK) and KUAISHOU-W (01024.HK) edged 0.5% and 0.7% lower. BILIBILI-W (09626.HK) added 0.4%. EAST BUY (01797.HK) and WEIMOB INC (02013.HK) slid 5.4% and 4.4%.

AI stock KNOWLEDGE ATLAS (02513.HK) fell 1.2%. Its peers SENSETIME-W (00020.HK) and MINIMAX-WP (00100.HK) plunged 3.8% and 3.9%. INSILICO (03696.HK) dived 6.2%.

Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) dropped 1.7% and 6.4%. ILUVATAR COREX (09903.HK) tumbled 3.9%.

Related NewsOutstanding Loan Growth YoY for Feb in China is 6.0%, lower than the previous value of 6.1%. The forecast was 6%.

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