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<H Shrs>HSI Ends Up 215 pts; Autos Rally; XIAOMI-W Leaps 4%+ at Close
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The HSI ended the day up 215 points or 0.9% at 23,905. The HSCEI rallied 108 points or 1.2% to close at 8,850. The HSTECH climbed 97 points or 1.7%, closing at 5,736. The total market turnover for the day amounted to $233.108 billion. MEITUAN-W (03690.HK)'s 4Q24 adjusted profit soared 1.25 times YoY, with market attention on its overseas investments and social security expenses, yet its stock price dipped 1.1%. WEIMOB INC (02013.HK)'s full-year loss deepened to RMB1.728 billion, missing forecasts. Its stock price plunged 10.9%. Among other tech stocks, TENCENT (00700.HK) inched up 0.3% after launching the official version of its self-developed deep thinking model Hunyuan T1. XIAOMI-W (01810.HK) reportedly discussed cooperation with Samsung Electronics on automotive chips and displays, lifting its stock price by 4.2%. BABA-W (09988.HK) rose 1.6%. NTES-S (09999.HK), JD-SW (09618.HK), and BIDU-SW (09888.HK) added 2.3-3.1%. KUAISHOU-W (01024.HK), set to announce its results tomorrow (25th), edged down 0.7%. KINGSOFT CLOUD (03896.HK), PA GOODDOCTOR (01833.HK), and SMIC (00981.HK) escalated 2.9-3.6%. Q TECH (01478.HK) slipped 4%. EAST BUY (01797.HK) and NEW ORIENTAL-S (09901.HK) sagged 3% and 7.2%, respectively. In the auto sector, LEAPMOTOR (09863.HK) and LI AUTO-W (02015.HK) gained 4.8% and 3.9%. XPENG-W (09868.HK), BYD COMPANY (01211.HK), and GEELY AUTO (00175.HK) inclined 2.7-3.3%. NIO-SW (09866.HK)'s 4Q24 net loss expanded to RMB7.13 billion, trimming its stock price by 3.3%. HORIZONROBOT-W (09660.HK), a smart driving chip company, turned its loss into a profit of RMB2.347 billion for the year. Its stock price opened 2.8% higher but failed to maintain its momentum, eventually closing down 2.6% for the day. AAStocks Financial News |
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