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<H Shrs>HSI Dives 357 pts at Midday Close; AIA Slides 4%; ZTE Up ~5% Against Mkt
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Hijacked by the stalemate in US-Iran negotiations and market concerns over US inflation risks, US equities retreated from high levels overnight (3rd). Hong Kong equities opened lower today (4th) in line with external markets and remained under pressure. The HSI opened down 167 pts; with deeper downswing, it closed at 25,276 at midday, down 357 pts or 1.39%. Half-day turnover amounted to HKD143.806 billion. The HSTECH closed at 4,984 at midday, down 72 pts or 1.42%, while the HSCEI closed at 8,506, down 90 pts or 1.05%. Major techs ebbed back. TENCENT (00700.HK) dipped 1.93%, while BABA-W (09988.HK), MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) dropped more than 2%. Among blue chips, AIA (01299.HK) charted a notable decline, down 4.07%. LENOVO GROUP (00992.HK) drifted lower by 3.52% to HKD25.22. Nonferrous metals and mining stocks were depressed. CMOC (03993.HK) slumped 5.75%, the worst performer in the morning session; CHINAHONGQIAO (01378.HK) fell off 4.65%, and ZIJIN MINING (02899.HK) lost 2.86%. Among individual stocks, ZTE (00763.HK) closed up 4.75% at midday after announcing cooperation with TENCENT to launch the WorkBuddy AI cloud PC. CATL (03750.HK) and TIANQI LITHIUM (09696.HK) skydived 4.88% and 3.58%, respectively, after JP Morgan said recent news flow has added pressure to the lithium sector. 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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