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<H Shrs>HSI Closes Up 180 Pts, Led by SMIC/ XIAOMI; CG Soars 17%+ on Resumption of Trading
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The HSI added 180 points or 0.9% to close at 20,106. The HSCEI ticked up 85 points or 1.2% to close at 7,320. The HSTECH climbed 98 points or 2.1% to 4,693. The total market turnover for the day amounted to $147.985 billion. Chip stock SMIC (00981.HK) advanced 6.3% to $42.5 during the intraday trading session, logging an about-4.5-year high, as the market envisioned a Chinese version of EUV aligner. HUA HONG SEMI (01347.HK) inched up 1.5%. Goertek spun off Goertek Microelectronics for listing in Hong Kong, lifting handset parts stocks. SUNNY OPTICAL (02382.HK) elevated 7.3%, while BYD ELECTRONIC (00285.HK) and Q TECH (01478.HK) leaped 4.8% and 4%. Telecommunications equipment stock ZTE (00763.HK) ballooned 7.2%. For other techs, XIAOMI-W (01810.HK) mounted 3.5% to $35.9, while MEITUAN-W (03690.HK) jumped 1.9% to $158.5. NTES-S (09999.HK), BIDU-SW (09888.HK), BILIBILI-W (09626.HK) and JD-SW (09618.HK) gained 0.6-1.2%, while BABA-W (09988.HK) and KUAISHOU-W (01024.HK) picked up 0.3% and 0.2%. TENCENT (00700.HK) slid 0.6%. Furthermore, MEITU (01357.HK) escalated 5.1%, while KINGSOFT (03888.HK), CHINASOFT INT'L (00354.HK), KINGDEE INT'L (00268.HK) and ALI HEALTH (00241.HK) ascended 3-3.7%. Chinese developer COUNTRY GARDEN (02007.HK) rocketed 17.5% to $0.57 on resumption of trading. Other Chinese homebuilders elevated. CHINA VANKE (02202.HK) rallied 9.1%, while KWG GROUP (01813.HK) and AGILE GROUP (03383.HK) shot up 8.6% and 6.3%. SUNAC (01918.HK) and GREENTOWN CHINA (03900.HK) mushroomed 3.8% and 4.6%, while Chinese managers CHINA RES MIXC (01209.HK) and CG SERVICES (06098.HK) inclined 3.9% and 6.5%. AAStocks Financial News |
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