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<H Shrs>HSI Opens 90 Pts Lower as SINOTRUK Erodes 5%+ on Block Trade Report; Gold Miners Gain
Recommend 88 Positive 137 Negative 60 |
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The HSI opened 90 points or 0.3% lower at 26,397. The HSCEI opened 27 points or 0.3% lower at 9,067. The HSTECH opened 39 points or 0.7% lower at 5,643. ANTA SPORTS (02020.HK)'s ANTA brand retail sales recorded a low single-digit positive growth last year, denting its share price by 0.6%. Daiwa noted that ANTA SPORTS' management indicated 2026 will be an 'investment year,' suggesting the Group's operating profit margin may decline due to slower earnings growth and lower visibility in 2026. LI NING (02331.HK) also cascaded 2.6%. SINOTRUK (03808.HK) had a block trade self-declaration in the pre-market session, involving 57 million shares at a price of $27.62 per share, totaling $1.574 billion. The stock eroded 5.7% to $28.3 at open. Cosmetics stock MAO GEPING (01318.HK) added less than 0.1%, with pre-market turnover exceeding $260 million. POP MART (09992.HK) sagged 1.3%. For financials, HSBC HOLDINGS (00005.HK) slid 0.2% to $128.2, while HKEX (00388.HK) and AIA (01299.HK) faded 1.3% and 1%. Spot gold rose above the US$4,800 level, with CHINAGOLDINTL (02099.HK) and ZIJIN MINING (02899.HK) leaping 2.3% and 1.2%. AASTOCKS Financial News Website: www.aastocks.com |
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