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<H Shrs>HSI Slips 305 Pts at Midday as Chip/ Robotics Concept/ Pharmas Drop
Recommend 4 Positive 3 Negative 10 |
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The HSI lost 305 points or 1.2% to 25,037 at midday. The HSCEI faded 127 points or 1.4% to 8,922. The HSTECH shed 94 points or 1.7% to 5,589. Total half-day turnover of the market amounted to $169.253 billion. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) slumped 6.3% and 6%. Robotics concept stocks declined, with UBTECH ROBOTICS (09880.HK) adding 0.6% at midday after opening 6.4% higher as it secured a RMB250 million procurement contract for humanoid robot products and solutions. HORIZONROBOT-W (09660.HK) expressed confidence in achieving annual shipments of around 4 million units, yet its stock price descended 7.5%. SHOUCHENG (00697.HK) planned a 5.65% discount share placement to raise net proceeds of $597 million, dragging down its share price by 3.5%. Market rumors suggest BYD COMPANY (01211.HK) may lower its annual sales target. BYD COMPANY (01211.HK) sagged 1.9%, while GWMOTOR (02333.HK), GEELY AUTO (00175.HK) and XPENG-W (09868.HK) cascaded 2.1-3.1%. NIO-SW (09866.HK) shrank 6.3%, while auto agent ZHONGSHENG HLDG (00881.HK) also sank nearly 7%. Pharmas retreated, with CSPC PHARMA (01093.HK), FOSUN PHARMA (02196.HK), AKESO (09926.HK) and HANSOH PHARMA (03692.HK) cratering 4-5.9%. CANSINOBIO (06185.HK), WUXI APPTEC (02359.HK), INNOVENT BIO (01801.HK), HENGRUI PHARMA (01276.HK) and PHARMARON (03759.HK) plunged 6-7.4%. AASTOCKS Financial News Website: www.aastocks.com |
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