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<H Shrs>HSI Closes Down 405 pts; MEITUAN-W Tumbles ~6%; TENCENT, BABA-W Dive 3%+
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The HSI closed at 25,633, down 405 pts or 1.56%, with full-day turnover reaching HKD322.921 billion. The HSCEI closed at 8,596, down 166 pts or 1.9%, while the HSTECH closed at 5,056, down 142 pts or 2.74%. Major dotcoms came under pressure broadly. TENCENT (00700.HK) dived over 3%, saying it could not determine when its WeChat AI agent would be launched. MEITUAN-W (03690.HK), whose TP was lowered by CMBI, closed down nearly 6%. KUAISHOU-W (01024.HK) shed 4.573%. JD-SW (09618.HK) dived 4.16%, while XIAOMI-W (01810.HK) and BABA-W (09988.HK) both declined over 3%. Pharmaceutical-related stocks were notably depressed. WUXI BIO (02269.HK) was the worst-performing blue chip, closing at HKD32.68, down 7%. JD HEALTH (06618.HK), CSPC PHARMA (01093.HK) and ALI HEALTH (00241.HK) also slipped more than 4%. The auto sector was similarly under pressure. LI AUTO-W (02015.HK) slid 4.52%, while BYD COMPANY (01211.HK) and NIO-SW (09866.HK) slumped over 3%. XPENG-W (09868.HK) tumbled 5.49%. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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