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| HSI1 | 23,916.06 | -153.88 | 267.81B |
| HSCEI1 | 8,609.27 | -39.17 | 80.13B |
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2025-07-04 09:35:48 U.S. June non-farm payrolls beat. The U.S. House passed the One Big Beautiful Bill Act (OBBBA), with US President Donald Trump announcing plans to notify countries of reciprocal tariff rates. The HKD triggered the weak-side convertibility undertaking twice, prompting the HKMA to buy HKD in an amount of HKD29.6 billion. Hong Kong bourse opened lower, with the HSI down 169 points or 0.7% at 23,900, the HSCEI down 62 points or 0.7% at 8,585, and the HSTECH down 39 points or 0.8% at 5,194. BABA-W (09988.HK) planned to issue HKD12 billion in zero-coupon convertible bonds, exchangeable for ALI HEALTH (00241.HK) at an initial price of HKD6.23 per share. BABA-W opened 0.9% lower at HKD105.2, and ALI HEALTH fell off 4.9% to HKD4.3. For other techs, TENCENT (00700.HK) opened 1.6% lower at HKD493; MEITUAN-W (03690.HK), BIDU-SW (09888.HK), and NTES-S (09999.HK) dipped 0.8-1.2%; SMIC (00981.HK), JD-SW (09618.HK), and KUAISHOU-W (01024.HK) sank 0.3-0.5%. Xiaomi’s YU7 configuration sparked consumer attention, but its stock XIAOMI-W (01810.HK) opened 1% lower at HKD57.5. XPeng’s G7, priced from RMB195,800, well below pre-sale expectations, saw its stock XPENG-W (09868.HK) open 2% lower at HKD72.5. Other automakers were mixed. BYD COMPANY (01211.HK) opened 0.6% lower at HKD122.3; LI AUTO-W (02015.HK) lost 0.2%; and NIO-SW (09866.HK) lifted 0.4%. ~ AAStocks Financial News Web Site: www.aastocks.com | |