<H Shrs>HSI Drops 242 Pts at Midday as Techs Wane; Pharmas Remain Popular
Market Performance: The HSI fell 242 points (0.9%) to 25,319, with significant declines in tech stocks such as Alibaba and Tencent, while the total half-day turnover reached $142.406 billion.
Pharmaceutical Gains: WUXI APPTEC reported a 96% increase in interim net profit, leading to a 10.3% rise in its stock price, alongside other pharmaceutical companies like LUYE PHARMA and PHARMARON also experiencing notable gains.
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HSI Rises 598 Points at Midday, Reaching Over 4.5-Year High; Financials, Developers, and Commodities Flourishing
Market Performance: The HSI rose by 598 points (2.2%) to 27,725, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD196.327 billion.
Financial Stocks Surge: Major financial stocks like HSBC, BOC Hong Kong, and Standard Chartered saw increases of 2.1% to 2.9%, contributing to a positive trend in the financial sector.
Property and Resource Stocks Rally: Hong Kong developers and Chinese developers experienced substantial gains, with some stocks like China Jinmao and Greentown China rising by over 6%, while resource stocks also saw significant increases.
Tech and AI Stocks Growth: Tech stocks such as Tencent and JD-SW gained between 1.5% and 2.4%, while AI-related stocks like SenseTime and Unisound saw notable increases, with Unisound jumping by 38.2%.
HSI Rises by 97 Points Driven by Demand for Chip, AI, and Robotics Stocks; HUA HONG SEMI Gains 5%
Market Performance: The Hong Kong stock market saw a rebound with the HSI rising 0.4% to 26,585, driven by the US-Europe dispute over Greenland and a total market turnover of HKD250.451 billion.
AI and Tech Stocks Surge: The launch of the new DeepSeek model, MODEL1, boosted AI and chip-related stocks, with notable gains from companies like SENSETIME-W and INSILICO, while some stocks like UNISOUND experienced declines.
Chinese Exports Growth: China's exports in December increased by 6.6% year-on-year, surpassing the previous value of 5.9% and exceeding forecasts of 3%.
Mixed Performance Among Major Tech Firms: BIDU-SW launched a new AI feature and saw a 3.3% stock increase, while other tech giants like TENCENT and JD-SW had modest gains, and NTES-S faced a significant decline of 3.7%.
