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<H Shrs>HSI Starts 91 Pts Higher, Steered by BABA-W, JD-SW; AKESO Tumbles 15%
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Hong Kong stocks opened higher on Monday, mirroring a slight uptick in the DJIA, which rose 20 points last Friday (25th) as markets awaited U.S. corporate earnings. The HSI gained 91 points or 0.4% to 22,072, the HSCEI rose 32 points or 0.4% to 8,113, and the HSTECH hiked 28 points or 0.6% to 5,011. In tech, BABA-W (09988.HK) and JD-SW (09618.HK) opened up 1.9% and 1.8%. TENCENT (00700.HK) and BILIBILI-W (09626.HK) added 0.9% and 0.8%. XIAOMI-W (01810.HK), BIDU-SW (09888.HK), NTES-S (09999.HK), and KUAISHOU-W (01024.HK) lifted 0.4%-0.6%. MEITUAN-W (03690.HK) opened flat at HKD127.6. BYD ELECTRONIC (00285.HK), despite a 2% 1Q25 net profit elevation, fell off 3.5%. UBTECH ROBOTICS (09880.HK) surged 2.9% after securing its first small-batch humanoid robot procurement contract. In the auto sector, BYD COMPANY (01211.HK), with 1Q25 net profit spiking 1x, opened flat at HKD397. GWMOTOR (02333.HK), reporting a 46% 1Q25 net profit slide, slid 2.3%. GEELY AUTO (00175.HK) and LI AUTO-W (02015.HK) grew 1.1% and 1.8%. NIO-SW (09866.HK) dipped 1.6%. AKESO (09926.HK) and partner Summit’s ivonescimab clinical trial reportedly failed to meet statistical significance, causing AKESO’s shares to plummet 15% to HKD84.1. 3SBIO (01530.HK) and INNOVENT BIO (01801.HK) collapsed 14.7% and 5.2%. SINOPHARM (01099.HK), with a 3% 1Q25 profit rise, edged up 0.5% to HKD17.5. AAStocks Financial News |
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