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| HSI1 | 23,446.34 | +110.06 | 257.13B |
| HSCEI1 | 7,773.67 | +14.31 | 71.88B |
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2026-06-22 12:36:05 The HSI concluded at 23,690 at midday, down 233 points or nearly 1%. Turnover for the half-day session was HKD200.339 billion. The HSCEI closed at 7,893, down 82 points or 1%. The HSTECH closed at 4,542, down 62 points or nearly 1.4%. Heavyweight techs were meager. TENCENT (00700.HK) closed at HKD433 at midday, down 1.64%, with turnover of HKD6.562 billion. The company is reportedly testing its AI assistant "Xiaowei". Citi said this year's "618" shopping festival is expected to be the most subdued in the past 16 years, forecasting GMV to grow only 3.2% YoY. E-commerce stocks were squeezed. BABA-W (09988.HK) fell to an intraday low of HKD100.8, the lowest since April last year, and closed at HKD102.1 at midday, down 2.67%, with turnover of HKD5.852 billion. MEITUAN-W (03690.HK) once busted below HKD70 to a low of HKD69.5, the lowest since February 2024. It closed at HKD70.75 at midday, down 1.46%, with turnover of HKD1.711 billion. JD-SW (09618.HK) slid 2.3% at midday. KUAISHOU-W (01024.HK) dipped 0.85%. Kingboard Series remained actively traded. KINGBOARD HLDG (00148.HK) once hit a record high of HKD151.8 intraday and closed at HKD137.2 at midday, up 8.37%, with turnover of HKD6.097 billion. Citi sharply raised its TP to HKD202 and rated it Buy. KB LAMINATES (01888.HK) once reached a record high of HKD99.65 before profit-taking emerged, closing at HKD91.5 at midday, down 0.38%, with turnover of HKD5.206 billion. AI large model stocks were sought after. KNOWLEDGE ATLAS (02513.HK) once surged to a record high of HKD2,980 intraday, with total market cap exceeding HKD1 trillion. It closed at HKD2,458 at midday, up 17.38%, with turnover of HKD8.138 billion. JPMorgan noted that KNOWLEDGE ATLAS's GLM-5.2 is a useful case for testing pricing power, thus raised its TP to HKD1,800 and reiterated an Overweight rating. MINIMAX-W (00100.HK) closed at HKD598 at midday, up 20.18%, with turnover of HKD1.941 billion. ~ AASTOCKS Financial News Website: www.aastocks.com | |