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<H Shrs>HSI Opens 85 Pts Lower as BIDU-SW Continues to Wane
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The HSI opened 85 points or 0.3% lower at 26,073. The HSCEI opened 27 points or 0.3% lower at 9,262. The HSTECH opened 33 points or 0.5% lower at 6,133. Cathie Wood bought Alibaba Group Holding (BABA.US)'s shares for the first time in four years, denting BABA-W (09988.HK) by 0.6% to $158.5. Micron Technology (MU.US)'s 4FQ earnings surged over 2x, beating expectations. Chip stock SMIC (00981.HK) inched up 0.3%, while chip equipment stock ASMPT (00522.HK) shed 1.8%. For other techs, BIDU-SW (09888.HK) cratered 5%, while TENCENT (00700.HK) ebbed 0.3% to $633.5. MEITUAN-W (03690.HK) and BILIBILI-W (09626.HK) slid 0.7% and 0.9%, while XIAOMI-W (01810.HK) opened flat at $55.45. JD-SW (09618.HK) and NTES-S (09999.HK) lifted 0.2% and 0.6%, while KUAISHOU-W (01024.HK) lost 1.6%. KINGSOFT CLOUD (03896.HK), which proposed the offering of 282 million ordinary shares, stumbled 5.4% to $8.6. AASTOCKS Financial News Website: www.aastocks.com |
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