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<H Shrs>HSI Opens Down 123 pts; HSBC HOLDINGS Down 2%+; WUXI BIO Slumps ~5%
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US markets traded mixed overnight (9th). The DJIA edged up, while chip stocks remained under pressure, dragging the Nasdaq down nearly 1%. Amid escalating tensions in Iran, US President Donald Trump accused Iran of shooting down a US helicopter over the Strait of Hormuz and vowed to respond, after which the US launched strikes against Iran. After a five-day losing streak, Hong Kong stocks opened lower this morning (10th). The HSI opened at 24,442, down 123 points or 0.5%. The HSCEI opened at 8,295, down 29 points or 0.35%. The HSTECH opened at 4,751, down 18 points or 0.38%. Among major techs, TENCENT (00700.HK) plans to issue USD2.45 billion and CNY15 billion notes. Its shares opened at HKD454.8, up nearly 0.4%. NTES-S (09999.HK) opened 1.9% higher, while MEITUAN-W (03690.HK) edged down 0.1% at the open. Blue chips were under pressure. HSBC HOLDINGS (00005.HK) opened down 2.74% at HKD138.2. WUXI BIO (02269.HK) extended losses, opening down 4.88%. LENOVO GROUP (00992.HK) opened 2.52% lower. LONGFOR GROUP (00960.HK) opened down 1.1%, with May contracted sales down 49% YoY. AASTOCKS Financial News |
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