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<H Shrs>HSI Opens Down 67 pts; Mainland Crackdown on Cross-border Investment Drags HSBC HOLDINGS, AIA 1%+ Lower at Open
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The DJIA notched a record high overnight (4th), once skyrocketing 970 pts, with funds rotating into bank and healthcare insurance stocks. The Nasdaq rattled and edged down, while the S&P 500 rose 0.4%. Asia-Pacific markets came under pressure this morning (5th). The HSI opened down 67 pts or 0.27% at 25,186. The HSCEI opened down 8 pts or 0.1% at 8,493. The HSTECH opened down 15 pts or 0.31% at 4,959. The acute crackdown in Mainland China on cross-border investment spread to the insurance sector. HSBC HOLDINGS (00005.HK) opened down 1.78% at HKD143.800. AIA (01299.HK) fell 1.43%. PRU (02378.HK) opened at HKD103.4, down 4.26%. Dotcom bellwethers were mixed. TENCENT (00700.HK), MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) opened about 0.5% higher, while NTES-S (09999.HK) sank 0.62%. Among blue chips, CHOW TAI FOOK (01929.HK) opened 9.17% higher. XINYI GLASS (00868.HK) lost 2.34%. LENOVO GROUP (00992.HK) opened at HKD23.86, down a further 4.56%. HKEX (00388.HK) reported that IPO fundraising in 5M26 leaped 111% YoY, while its share price opened 0.5% lower this morning. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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