HSI1 23,916.06 -153.88 267.81B
HSCEI1 8,609.27 -39.17 80.13B
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HSI Closes 151 Pts Lower; XIAOMI-W Retreats 3%+; Handsets, Pharmas Vigorous
2025-07-03 16:27:23
The HSI concluded the day down 151 points or 0.6% at 24,069. The HSCEI dropped 76 points or 0.9% to close at 8,648. The HSTECH fell 35 points or 0.7%, closing at 5,233. The total market turnover for the day amounted to HKD231.247 billion.

XIAOMI-W (01810.HK) stated its auto unit will focus on domestic deliveries before considering exports in 2027, sending its stock price tumbling 3.4% to HKD58.1. XPENG-W (09868.HK) rose 2.5%. It delivered 34,600 vehicles last month, marking a 2.24-fold increase. LEAPMOTOR (09863.HK) ballooned 5.1%. BYD COMPANY (01211.HK) inched up 0.6% to HKD123. Battery stock CATL (03750.HK) added 2.7%. Lithium stock GANFENGLITHIUM (01772.HK) spiked 5.5%.

In the tech sector, South Africa's Naspers, bearish on MEITUAN-W (03690.HK)'s international expansion, is considering reducing its stake in the company. MEITUAN-W slipped 2.5%. BABA-W (09988.HK) slid 2.9% to HKD106.2. TENCENT (00700.HK) and BILIBILI-W (09626.HK) edged down 0.1%. SMIC (00981.HK) and KUAISHOU-W (01024.HK) dipped 0.6% and 0.7%. JD-SW (09618.HK) eroded 2.1%. BIDU-SW (09888.HK) and NTES-S (09999.HK) gained 0.8% and 0.3%, respectively.

In addition, ALI HEALTH (00241.HK) and NEW ORIENTAL-S (09901.HK) faded 2.8% and 3%. KINGSOFT (03888.HK) cratered 7.7%. GDS-SW (09698.HK) mushroomed 7.6%. KINGDEE INT'L (00268.HK) grew 2.6%.

As the US and Vietnam forged a tariff agreement, SHENZHOU INTL (02313.HK) and YUE YUEN IND (00551.HK) advanced 2.4% and 2.1%, while TECHTRONIC IND (00669.HK) ticked up 1.2%. Handset component stocks SUNNY OPTICAL (02382.HK), Q TECH (01478.HK), and COWELL (01415.HK) escalated 4.1-4.7%, AAC TECH (02018.HK) inclined 3.4%. PC manufacturer LENOVO GROUP (00992.HK) shot up 3.1%.

Among pharmas, AKESO (09926.HK) has completed enrollment of the first participant in a Phase Ia clinical trial of its first-in-class bispecific antibody ADC drug for the treatment of advanced solid tumors, lifting its stock price by 14.3%. INNOVENT BIO (01801.HK) had its target price raised by Citi and CICC. Its stock price soared 6.7%. REMEGEN (09995.HK) rocketed 6.7%. CSPC PHARMA (01093.HK) gained 3.8%. BEIGENE (06160.HK) and HENGRUI PHARMA (01276.HK) rose 3% and 2.9%.
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