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<H Shrs>HSI Dives 219 Pts at Opening Bell; CKH Slips 4%+
Recommend 115 Positive 210 Negative 117 |
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Hong Kong stocks opened lower this morning (31st) as markets across the Asia-Pacific region and U.S. stock futures headed south, in wake of heightened attention on potential U.S. tariff measures. The HSI slid 219 points, or 0.9%, to 23,207 at the opening bell. The HSCEI fell 77 points, or 0.9%, to 8,528. The HSTECH dropped 66 points, or 1.2%, to 5,439. In the tech sector, BABA-W (09988.HK), XIAOMI-W (01810.HK), MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) opened 1.8%-2.5% lower; TENCENT (00700.HK), JD-SW (09618.HK) and KUAISHOU-W (01024.HK) dipped 0.9%-1.3%. BILIBILI-W (09626.HK) dived 3.8%. Among automakers, GEELY AUTO (00175.HK), XPENG-W (09868.HK) and BYD COMPANY (01211.HK) opened down 0.4%-1%. NIO-SW (09866.HK) declined 2.5%. HORIZONROBOT-W (09660.HK), which has cumulatively delivered over 7.7 million smart driving solutions, followed the broader market trend, opening 2.9% lower. In banking sector, CCB (00939.HK) and ICBC (01398.HK) reported FY2024 profits in line with expectations. Meanwhile, BANK OF CHINA (03988.HK), CCB, BANKCOMM (03328.HK) and PSBC (01658.HK) plan the issuance of additional A-shares to bolster capital. BANKCOMM edged up 0.1% at the open, while CCB and PSBC held steady at HKD6.7 and HKD4.97, respectively. ICBC and BANK OF CHINA opened lower by 0.5% and 1.1%, respectively. Other financials also weakened, with HSBC HOLDINGS (00005.HK) down 1.3%, HKEX (00388.HK) off 0.5%, and AIA (01299.HK) slipping 0.2%. AAStocks Financial News |
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