HSI1 24,231.30 0.00 --
HSCEI1 8,914.03 0.00 --
Back    Zoom +    Zoom - Block Traded
HSI Opens 187 Pts Lower as JD Series Feeble Post-results; BABA/ SMIC Lose 2%+
2025-03-07 09:35:14
The HSI opened 187 points or 0.8% lower at 24,182. The HSCEI opened 62 points or 0.7% lower at 8,875. The HSTECH opened 65 points or 1.1% lower at 6,003.

JD series opened lower. JD-SW (09618.HK) shed 2.9% to $173.8 as its 4Q24 non-GAAP net profit rose 34% YoY, beating forecasts. JD HEALTH (06618.HK) slumped 6.1% to $38.3 this morning as its full-year net profit increased 94%, but Goldman Sachs said the Company's adjusted operating profit in 2H23 was weaker than expected, with nil dividend and disappointing share repurchase plan. JD LOGISTICS (02618.HK) waned 4.3% to $14.8, although its annual net profit soared 9x to nearly RMB6.2 billion, with non-IFRS net profit surging nearly 2.46x.

BABA-W (09988.HK) slipped 2.1% to $137.9 as Tongyi Qianwen inference model QwQ-32B topped the global open-source community rankings. TENCENT (00700.HK) ebbed 0.9% to $539 as its Tencent Hunyuan launched an image-to-video model.

For other techs, MEITUAN-W (03690.HK) opened flat at $180.3, while XIAOMI-W (01810.HK) and BIDU-SW (09888.HK) dropped 0.5% and 0.1%. KUAISHOU-W (01024.HK) opened flat at $60.8, while NTES-S (09999.HK) and BILIBILI-W (09626.HK) cascaded 1.2%. NEW ORIENTAL-S (09901.HK), ALI HEALTH (00241.HK) and SMIC (00981.HK) each sagged 2.1%.
~



AAStocks Financial News
Web Site: www.aastocks.com