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<H Shrs>HSI Slips 117 Pts at Midday as XIAOMI-W Subtracts Post-results; Oils/ Gold Miners Hike
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The HSI slid 117 points or 0.5% to 25,812 at midday. The HSCEI dropped 32 points or 0.4% to 9,142. The HSTECH lost 55 points or 1% to 5,590. Total half-day turnover of the market amounted to $112.572 billion. BIDU-SW (09888.HK) shed 0.8% as it disclosed its AI business revenue in its quarterly results, while the market continued to focus on advertising revenue. XIAOMI-W (01810.HK)'s 3Q EBIT missed some brokers' forecasts, and faced target price cuts, denting its share price by 4.3%. Jack Ma's appearance at Ant Group's Hangzhou campus sparked industry speculation about potential AI strategy deployments, lifting BABA-W (09988.HK)'s stock price by 0.5%. WB-SW (09898.HK)'s quarterly profit margin declined, prompting multiple brokers to drop target prices. Its share price sagged 2.3%. For financials, HSBC HOLDINGS (00005.HK) and AIA (01299.HK) faded 1.1% and 1%, while HKEX (00388.HK) ebbed 0.2%. Chinese insurer PICC GROUP (01339.HK) climbed 2.4%, while ZA ONLINE (06060.HK) shrank 4.1%. New York oil futures hiked over 1%. Oil producer SINOPEC CORP (00386.HK) mounted 3.6%, while PETROCHINA (00857.HK) and CNOOC (00883.HK) jumped up 2.4% and 2%. Gold miners SD GOLD (01787.HK), CHINAGOLDINTL (02099.HK) and ZHAOJIN MINING (01818.HK) ballooned 3-3.8%. AASTOCKS Financial News Website: www.aastocks.com |
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