Back    Zoom +    Zoom -
<H Shrs>HSI Climbs 26 Pts at Midday; Developers, Commodities Rally; ZIJIN MINING Swells 5%
Recommend
1
Positive
4
Negative
0
The HSI concluded the midday up 26 points or 0.1% at 26,775. The HSCEI fell 7 points or less than 0.1% to 9,153. The HSTECH dropped 75 points or 1.3% to 5,722. The total half-day market turnover amounted to HKD151.051 billion.

Hong Kong developers staged a rally. SHK PPT (00016.HK) and HANG LUNG PPT (00101.HK) rose 4.8% and 3.8%. NEW WORLD DEV (00017.HK) and CK ASSET (01113.HK) hiked 2.5% and 3%. CKH HOLDINGS (00001.HK) swelled 4% to HKD65.3. It is said to be planning to advance its port sale by splitting the deal into separate parcels with different ownership structures.

Related News12.67M New Urban Jobs Added in CN Last Yr; Jobless Rate Averages 5.2%
Gold and silver stocks were in demand as spot gold surpassed USD5,000 and silver ascended to USD105. CHI SILVER GP (00815.HK) spiked 11.8%. CHINAGOLDINTL (02099.HK) leaped 7.3%. SD GOLD (01787.HK) and LINGBAO GOLD (03330.HK) jumped 3.8%. ZHAOJIN MINING (01818.HK) gained 2.5%. ZIJIN MINING (02899.HK) advanced 5% as its Julong Copper Mine Phase II commenced production.

With China reported to have in principle approved BABA-W (09988.HK), TENCENT (00700.HK), and ByteDance to purchase Nvidia (NVDA.US) H200 chips, TENCENT added 0.9%, while BABA-W retreated 1.2%. Chip stocks SMIC (00981.HK) and BIREN TECH (06082.HK) also tumbled 3.5%, INNOSCIENCE (02577.HK) and ILUVATAR COREX (09903.HK) dived 4.4% and 5.5%. HUA HONG SEMI (01347.HK) edged 0.5% lower.

Among other tech stocks, KUAISHOU-W (01024.HK) and BIDU-SW (09888.HK) went down 3.6% and 4.1%. MEITUAN-W (03690.HK) inched 0.9% lower. NTES-S (09999.HK) and JD-SW (09618.HK) ticked up 0.5% and 1.4%. MEITU (01357.HK), BILIBILI-W (09626.HK), and KINGDEE INT'L (00268.HK) dropped 3-3.1%. WEIMOB INC (02013.HK) and TME-SW (01698.HK) rocketed 5.1% and 7.6%. KINGSOFT CLOUD (03896.HK) soared 6.8%.

Related NewsLoan Prime Rate 1Y for 2026 in China is 3.00%, unchanged from its last period. The forecast was 3%.
Consumer stocks LI NING (02331.HK), YIHAI INTL (01579.HK), and TINGYI (00322.HK) shed 3.5-4.6%. POP MART (09992.HK) opened 4.3% higher but ended the midday up only 0.1%. Some second-hand trading platforms are said to have already seen purchase requests from users for the co-branded "trendy phone" between POP MART and HONOR.
AAStocks Financial News