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<H Shrs>HSI Closes Up 58 Pts as CATL Swells 7%+; BABA-W/ BILIBILI-W/ BYD COMPANY Prosper
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Hong Kong stocks repeatedly prospered, driven by BABA-W (09988.HK) and automakers. The HSI ticked up 58 points or 0.2% to close at 26,446. The HSCEI added 19 points or 0.2% to finish at 9,384. The HSTECH inched up 54 points or 0.9% to close at 6,043. Total market turnover for the day amounted to $290.195 billion.

For other techs, BABA-W (09988.HK) climbed 2.3% to $154.6, while BILIBILI-W (09626.HK) leaped 4.9%. NTES-S (09999.HK) and XIAOMI-W (01810.HK) gained 1.8% and 1.9%, while MEITUAN-W (03690.HK) and KUAISHOU-W (01024.HK) lifted 0.8% and 1%. BIDU-SW (09888.HK) shed 2.4%.

Moreover, EAST BUY (01797.HK), PA GOODDOCTOR (01833.HK) and KINGDEE INT'L (00268.HK) slumped 3.6-4.6%, while GDS-SW (09698.HK) eroded 6.4%.

China's three-year plan for new energy storage construction was released. Aiming to achieve an installed capacity of over 180 million kW by 2027, the plan will drive direct investment of around RMB250 billion.

Battery stock CATL (03750.HK) escalated 7.4% to close at $465, while lithium stocks GANFENGLITHIUM (01772.HK) and TIANQI LITHIUM (09696.HK) jumped up over 2%. Automakers ascended, with NIO-SW (09866.HK) and LI AUTO-W (02015.HK) mounting 3.5% and 4.6%. BYD COMPANY (01211.HK) ballooned 3.4%.

For consumers, XIABUXIABU (00520.HK) and NONGFU SPRING (09633.HK) advanced 3.6% and 4.1%, while DAMAI ENT (01060.HK) descended 8.7%. POP MART (09992.HK) plunged 6.4% to close at $259, with a turnover of $8.91 billion after JPMorgan downgraded rating to Neutral, and axed its target price from $400 to $300.
AASTOCKS Financial News
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