HSI1 25,531.83 +133.65 21.03B
HSCEI1 8,585.01 +77.14 9.00B
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HSI Soars 220 pts at Half-day; MEITUAN-W Swells 6%+ Ahead of Results; MINIMAX-W Tumbles 14%+
2026-06-01 12:23:33
The HSI finished at 25,402 at midday, up 220 pts or 0.88%. Half-day turnover reached HKD195.238 billion. The HSTECH closed at 4,972, up 88 pts or 1.81%, while the HSCEI closed at 8,514, up 88 pts or 1.05%.

Major techs were mostly higher. MEITUAN-W (03690.HK) rallied ahead of its results, closing at HKD78.1, up 6.33%. TENCENT (00700.HK) repurchased nearly 1.17 million shares for HKD500 million, with its shares up 2.57% at midday. BABA-W (09988.HK) jumped up 2.32%, and POP MART (09992.HK) gained 3.17%. JD-SW (09618.HK) and BIDU-SW (09888.HK) slipped less than 1%.

Three major AI concept stocks shrank against the broader market. MINIMAX-W (00100.HK) opened 5.24% higher but reversed to slump 14.64% at midday, amid news that the company initiated an A-share IPO and launched the MiniMax M3 model. KNOWLEDGE ATLAS (02513.HK) nosedived 9.84%, while XUNCE (03317.HK) plunged 11.89%.
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AASTOCKS Financial News
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