HSI1 25,818.93 +44.79 92.52B
HSCEI1 8,915.12 +1.29 34.27B
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HSI Rises 47 Pts at Midday; CSPC PHARMA Swells 6%+; CN Developers Lackluster
2025-12-23 12:26:08
The HSI concluded the midday up 47 points or 0.18% at 25,848. The HSCEI climbed 9 points or 0.11% to 8,949. The HSTECH dipped 22 points or 0.42% to 5,503. The market's half-day turnover amounted to HKD87.289 billion.

Tech stocks showed mixed performance. KUAISHOU-W (01024.HK) slid 3.6% at midday, making it the worst-performing blue-chip stock. XIAOMI-W (01810.HK) dropped 1.7%. It plans to release the Xiaomi 17 Ultra at Christmas, with Group President Lu Weibing asserting a price hike. TENCENT (00700.HK) and TRIP.COM-S (09961.HK) faded 1.5% and 1.4%.

BABA-W (09988.HK) edged up 0.7%. MEITUAN-W (03690.HK), BIDU-SW (09888.HK), and JD-SW (09618.HK) added from 0.3% to nearly 1%. Chipmaker SMIC (00981.HK) gained 0.5%.

CHINA VANKE (02202.HK) eroded nearly 2% as its proposal to extend the principal of onshore bonds by one year was not approved. Its peer CIFI HOLD GP (00884.HK) shed 3%. KAISA GROUP (01638.HK), R&F PROPERTIES (02777.HK), COUNTRY GARDEN (02007.HK), and LONGFOR GROUP (00960.HK) also lost 1.1-1.9%.

Among individual stocks, CSPC PHARMA (01093.HK) rocketed 6.4%, the best performer among blue chips. Its chairman spent HKD110 million to increase his holdings yesterday.
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