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<H Shrs>HSI Closes Up 232 Pts, Led by Chips, Autos, Gold Miners; BYD COMPANY Swells 7%
Recommend 9 Positive 5 Negative 5 |
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The HSI climbed 232 points or 1.1% to close at 20,914. The HSCEI gained 133 points or 1.7% to close at 7,801. The HSTECH jumped 86 points or 1.8% to close at 4,900. Total market turnover for the day dropped to $276.426 billion. The China Semiconductor Industry Association issued an urgent notice stating that the origin of "integrated circuits", according to the relevant regulations of the General Administration of Customs, is determined by the four-digit tariff code change principle, meaning that the location of the tape-out process is recognized as the place of origin, which sparked speculation on the Chinese-made substitution concept. SMIC (00981.HK) and HUA HONG SEMI (01347.HK) escalated 5.9% and 14.1%, while chip equipment stock ASMPT (00522.HK) also leaped 3.3%. A spokesperson of the EU said that China and EU agreed to explore setting a price floor for China's EVs. XPENG-W (09868.HK) and BYD COMPANY (01211.HK) swelled 6.7% and 7.1%, while LI AUTO-W (02015.HK) advanced 5.6%. XIAOMI-W (01810.HK), LEAPMOTOR (09863.HK), and GWMOTOR (02333.HK) mounted over 2%, while GEELY AUTO (00175.HK) elevated 6.4% as its 1Q25 post-accounting-policy-change profit expected to increase 2.2-2.7x. Smart driving concept stocks also elevated, with HORIZONROBOT-W (09660.HK) surging 10.5%. SUNNY OPTICAL (02382.HK) and BYD ELECTRONIC (00285.HK) hyped up 5.4% and 6.1%, while COWELL (01415.HK) and AAC TECH (02018.HK) mounted over 4%. Q TECH (01478.HK) ballooned 3.2%. Gold prices broke ceiling. CHINAGOLDINTL (02099.HK) spiked 11%, while LINGBAO GOLD (03330.HK), ZIJIN MINING (02899.HK) and SD GOLD (01787.HK) mushroomed 5.6-6%. ZHAOJIN MINING (01818.HK) jumped up 4.6%. AAStocks Financial News |
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