HSI1 26,111.84 +432.06 258.28B
HSCEI1 8,805.60 +160.79 91.41B
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HSI Ends Down 245 pts; CATL Slumps ~7%; WUXI APPTEC Surges 13%+
2026-04-28 16:31:02
The HSI crossed the finish line at 25,679, down 245 points or 0.9%. The HSCEI dropped 111 points or 1.3% to close at 8,644. The HSTECH slipped 112 points or 2.3%, closing at 4,827. Total market turnover for the day amounted to HKD262.333 billion.

CATL (03750.HK) slumped 6.9% to HKD629. It announced a 7% discounted share placement to net over HKD39.1 billion. WUXI APPTEC (02359.HK) soared 13.6% to HKD143.1. Its 1Q26 adjusted non-IFRS net profit surged 72% YoY. CLSA praised it for delivering outstanding quarterly growth. CHINAHONGQIAO (01378.HK) slid 4.9%. It also announced a convertible bond issuance at a 25.3% premium to raise USD1.47 billion. HAIER SMARTHOME (06690.HK) rallied 3.9%, despite a 15% decline in 1Q26 net profit.

Regarding major stocks, BABA-W (09988.HK) shed 2.8% to HKD126.5. It received approval from the Hong Kong Stock Exchange for the spin-off of Jiaxing Park for listing on the Shenzhen Stock Exchange. TENCENT (00700.HK) ebbed 1%. MEITUAN-W (03690.HK), JD-SW (09618.HK), and BIDU-SW (09888.HK) slid 1.5-1.9%. KUAISHOU-W (01024.HK) plunged 3.1%. AIA (01299.HK) edged 0.1% lower. HSBC HOLDINGS (00005.HK) added 0.3%. HKEX (00388.HK) lost 1.1%. BYD COMPANY (01211.HK) eroded 2.2%. It is set to release quarterly results later today.

Among AI stocks, KNOWLEDGE ATLAS (02513.HK) and INSILICO (03696.HK) plummeted 12.5% and 5.5%. MINIMAX-W (00100.HK) went down 3.5%. MANYCORE TECH (00068.HK) gained 1.8%. Cloud service providers KINGSOFT CLOUD (03896.HK) and GDS-SW (09698.HK) cratered 6.1% and 4.8%.
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