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<H Shrs>HSI Slips 291 pts at Close Below 25,000; SMIC/ HUA HONG SEMI Dive 7%+
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The HSI remained under pressure throughout the session, slipping below the 25,000 level to close at 24,961, down 291 pts or 1.15%. Total market turnover for the day amounted to HKD342.805 billion. The HSCEI closed at 8,436, down 65 pts or 0.77%, while the HSTECH closed at 4,888, down 86 pts or 1.75%. Semiconductor and AI-related stocks mirrored the downtrend of the external markets. SMIC (00981.HK) was the worst-performing blue chip, closing at HKD75.65, down 7.18%. HUA HONG SEMI (01347.HK) plunged 7.16%, MONTAGE TECH (06809.HK) nosedived 9.21%, and GIGADEVICE (03986.HK) slid 8.02%. MINIMAX-W (00100.HK) closed at HKD553, plunging 16.65%. KNOWLEDGE ATLAS (02513.HK) tumbled 9.05%, while XUNCE (03317.HK) fell off 11.8%. Dotcom bellwethers retreated with the broader market. BIDU-SW (09888.HK) stumbled 3.46%, NTES-S (09999.HK) fell off 2.33%, while TENCENT (00700.HK) and XIAOMI-W (01810.HK) dropped over 1%. BABA-W (09988.HK) and KUAISHOU-W (01024.HK) edged down less than 1%. MEITUAN-W (03690.HK) bucked the trend, up 1.72%. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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