HSI1 24,231.30 -138.41 383.17B
HSCEI1 8,914.03 -24.06 180.15B
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HSI Picks Up 135 Pts at Midday as XPENG Elevates 7%; JD Series Weaken Post-results
2025-03-07 12:27:46
The HSI inched up 135 points or 0.55% to 24,504 at midday. The HSCEI added 82 points or 0.92% to 9,020. The HSTECH gained 81 points or 1.3% to 6,149. Total half-day turnover of the market amounted to $183.008 billion.

JD series declined. JD-SW (09618.HK) slipped 1.8% as its 4Q24 non-GAAP net profit rose 34% YoY, beating forecasts. JD HEALTH (06618.HK) dipped 9.6% after brokers quoted JD HEALTH's management as expecting that its 2025 operating profit will be flat YoY. JD LOGISTICS (02618.HK) stumbled 9.6% as the market is concerned about future investment may inhibit earnings growth.

Automaker XPENG-W (09868.HK) released new images of its 2025 Xpeng G9, lifting its share price by 7% at midday. LI AUTO-W (02015.HK) and GWMOTOR (02333.HK) leaped 3% and 2.9%, while auto agency ZHONGSHENG HLDG (00881.HK) mounted 3.7%.

Consumers generally prospered, with TONGCHENGTRAVEL (00780.HK) advancing 5.4%. HAIDILAO (06862.HK), CHINA RES BEER (00291.HK), TRIP.COM-S (09961.HK), XTEP INT'L (01368.HK) and U-PRESID CHINA (00220.HK) jumped up over 3%.

Morgan Stanley said that Adidas' Greater China sales grew 16.5% in 4Q24, beating expectations. Sportswear stocks surged. TOPSPORTS (06110.HK), LI NING (02331.HK) and ANTA SPORTS (02020.HK) mushroomed 5.4-7.1%, while textile stock SHENZHOU INTL (02313.HK) ballooned 5.6%.
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