HSI Rises by 97 Points; ANTA SPORTS Sees Gains; ZIJIN MINING Jumps 4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: aastocks
Market Overview: The HSI opened 0.4% higher at 26,863, with the HSCEI and HSTECH also showing slight gains at 9,173 and 5,734, respectively.
Tech Stock Movements: BABA-W launched a new reasoning model and opened up 1%, while other major tech stocks like TENCENT and KUAISHOU-W saw minor increases, whereas JD-SW and BIDU-SW experienced slight declines.
Automotive Sector Updates: BYD and NIO both saw a 1% increase, while XIAOMI-W also grew slightly, indicating positive movement in the automotive market.
Significant Corporate Actions: ANTA SPORTS became Puma's largest shareholder with a 29% stake acquisition, while ZIJIN GOLD INTL surged 12.165% after announcing plans to take over Allied Gold for RMB28 billion.
Analyst Views on 00700
Wall Street analysts forecast 00700 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00700 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 607.000
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Current: 607.000
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About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








