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<H Shrs>HSI Swells 408 Pts at Close as TENCENT Advances ~5% w/ Mkt Value $5T+; HSBC HOLDINGS Reaches $100
Recommend 157 Positive 231 Negative 138 |
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Hong Kong stocks prospered this morning (23rd). The HSI opened 218 points higher before its incline continued, and climbed 408 points or 1.6% to a full-day high of 25,538 at close, hitting an over-3-year high, representing an increase for 4 consecutive trading days. The HSCEI jumped up 165 points or 1.8% to close at 9,241. The HSTECH elevated 138 points or 2.5% to close at 5,745. Turnover for the day in the Hong Kong equity market amounted to $333.067 billion. US President Donald Trump will release his AI Action Plan in Washington D.C. today (local time). Hong Kong's techs ascended. TENCENT (00700.HK) leaped 4.9% to $552, with its market capitalization exceeding $5 trillion, as PayPal partnered with TENCENT's Tenpay to establish a global digital wallet platform. BABA-W (09988.HK) closed up 2.5% as it presented Qwen3-Coder as its most capable code model, with another rumor saying that BABA-W will launch its first home-grown AI glasses this week. In July, 127 domestic and 7 imported online games were approved in mainland China, including those from BIDU-SW (09888.HK) and NTES-S (09999.HK). The two stocks escalated 6.1% and 2.6% respectively. Financial HSBC HOLDINGS (00005.HK) closed up 0.3% to reach $100. HKEX (00388.HK) gained 1.7%, while AIA (01299.HK) lifted 2.7%. CHOW TAI FOOK (01929.HK) slumped 4.7%, making it the worst performing blue chip. ZHONGSHENG HLDG (00881.HK) ballooned 4.1%, while CHINA LIFE (02628.HK) also mounted 3.3%. AAStocks Financial News Website: www.aastocks.com |
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