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<H Shrs>HSI Drops 26 Pts at Midday, but BIDU Leaps 4%+; ASMPT Swells 6%
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The HSI slid 26 points or 0.1% to 26,558 at midday. The HSCEI ebbed 30 points or 0.3% to 9,091. The HSTECH lost 23 points or 0.4% to 5,722. Total half-day turnover of the market amounted to $131.628 billion.

External memory chip stocks surged. Japan's memory chip cutting machine maker Disco (6146.JP) hit the day limit, while chip equipment stock ASMPT (00522.HK) swelled 6% to close at $107.9.

Related NewsRetail Sales YoY for Dec in China is 0.9%, lower than the previous value of 1.3%. The forecast was 1.2%.
For chip stocks, SMIC (00981.HK) faded 0.7%, while HUA HONG SEMI (01347.HK) gained 2%. INNOSCIENCE (02577.HK) and BIREN TECH (06082.HK) mounted 3.6% and 3.2%, while ILUVATAR COREX (09903.HK) spiked 14.2%.

KINGDEE INT'L (00268.HK) mushroomed 3.2% as it expected to swing to a profit of RMB60 -100 million last year, with revenue increasing by approx. 11.1-12.7%. BIDU-SW (09888.HK) leaped 4.2% to $160.1 after JPMorgan expected its 4Q25 revenue and adjusted profit to improve QoQ, and elevated its target price to $195.

For other techs, TENCENT (00700.HK) and MEITUAN-W (03690.HK) slipped 0.8% and 0.9%, while NTES-S (09999.HK) sagged 1.4%. BABA-W (09988.HK) and JD-SW (09618.HK) inched up 0.4%, while KUAISHOU-W (01024.HK) shed 0.1%. BILIBILI-W (09626.HK) lifted 1.6%.

Related NewsGDP Growth Rate YoY for Q4 in China is 4.5%, lower than the previous value of 4.8%. The forecast was 4.4%.
In addition, PA GOODDOCTOR (01833.HK) and JD HEALTH (06618.HK) cratered 3% and 2.8%. AI stocks UNISOUND (09678.HK) and FOURTH PARADIGM (06682.HK) descended 7.7% and 3.8%, while INSILICO (03696.HK) advanced 5%.
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