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| HSI1 | 24,072.28 | -211.87 | 242.23B |
| HSCEI1 | 8,678.30 | -84.17 | 92.11B |
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HK Stocks Experience 'Fundraising Activity Wave'; ZA ONLINE Once Dips 10%, CHINAHONGQIAO Continues to Break Ceiling; Innovative Drug Stocks Subtract as REMEGEN Dives 25%
2025-06-26 11:23:32 Amid a 'fundraising activity wave' by companies, Hong Kong stocks retreated this morning (26th) after gaining for four consecutive days. The HSI opened 129 points lower at 24,345 before dropping 233 points to a low of 24,240 in the early session. The index then narrowed its losses. It last slid 90 points or nearly 0.4% to 24,383, with a turnover of $125.318 billion. The HSTECH ascended after opening lower, and ticked up 0.25% to last at 5,371. ZA ONLINE (06060.HK) once tumbled 10.3% to a low of $17.88 before narrowing its losses. It last printed at $19.32, down 3.11%, with a turnover of $2.169 billion as the company announced an 8.5% discounted share placement, raising a net amount of nearly $3.9 billion. CHINAHONGQIAO (01378.HK) issued a positive profit alert earlier expecting an about 35% YoY increase in 1H25 net profit. The stock opened 0.2% lower this morning before hiking, and peaked at a new historical high of $17.78. It last printed at $17.6, climbing 2.56%, with a turnover of $368 million. Innovative drug concept A-shares were under pressure, dragging down H-shares. REMEGEN (09995.HK) granted Vor Bio exclusive development rights for Telitacicept outside Greater China. However, REMEGEN's A-shares last sank over 14% to close at RMB57.35 near noon. REMEGEN's H-shares opened 14.77% lower this morning, and once collapsed over 25% to a low of $50.05 in the early session. It last printed at $56.65, down 15.51%, with a turnover of $1.924 billion. ~ AASTOCKS Financial News Website: www.aastocks.com | |