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<H Shrs>HSI Opens Down 39 pts; AI Stocks Retreat; BABA Soft
Recommend 7 Positive 4 Negative 5 |
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Markets are awaiting a televised address by US President Donald Trump regarding the Iran issue. Trump said extremely severe strikes against Iran would be launched within the next two to three weeks, prompting Brent oil futures to rise. In Hong Kong, the HSI opened down 39 pts or 0.2% at 25,254. The HSCEI opened down 27 pts or 0.3% at 8,477. The HSTECH opened down 23 pts or 0.5% at 4,732. Among oil stocks, PETROCHINA (00857.HK) opened down 0.9% at HKD10.45, while CNOOC (00883.HK) opened up 0.1% at HKD27. Zijin Mining (02899.HK) opened up 0.9% at HKD36.72, and CMOC (03993.HK) opened up 1.9% at HKD17.79. XPENG (09868.HK) delivered a cumulative 62,700 electric vehicles in 1Q26, with its shares opening 0.4% higher. LI AUTO (02015.HK) delivered 41,000 vehicles last month, up 12% YoY, with its shares opening flat at HKD71.2. Among other automakers, BYD (01211.HK) opened flat at HKD104.7. XIAOMI opened down 1%. GEELY AUTO (00175.HK) opened up 1%. Among tech stocks, TENCENT (00700.HK) opened down 0.1% at HKD496, BABA (09988.HK) opened down 1.4%, BILIBILI (09626.HK) and NEW ORIENTAL (09901.HK) opened down 1.7% and 2.1%, respectively. KUAISHOU (01024.HK), MEITUAN (03690.HK), JD.COM (09618.HK) and BAIDU (09888.HK) opened down 0.5% to 0.9%, while NETEASE (09999.HK) opened down 0.3%. Among chip stocks, SMIC (00981.HK) opened flat at HKD52.85 and HUA HONG SEMICONDUCTOR (01347.HK) opened flat at HKD83.65. AI stocks ZHIPU (02513.HK) and MINIMAX (00100.HK) opened down 2.6% and 3.7%, respectively. Among financial stocks, HSBC (00005.HK) opened up 0.8% at HKD131.3, HKEX (00388.HK) opened flat at HKD400.4, and AIA (01299.HK) opened flat at HKD87.5. (fc/w) This article was automatically translated by AI, the Chinese 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. Auto-translated by AI AASTOCKS Financial News |
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