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<H Shrs>HSI Opens Down 68 Pts; KUAISHOU-W Slips ~10%; JD-SW Stretches Rally
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The HSI opened 68 points or 0.3% lower at 25,267. The HSCEI dropped 34 points or 0.4% to 8,547. The HSTECH fell 33 points or 0.7% to 4,889. KUAISHOU-W (01024.HK) opened down 9.7% at HKD47.9. It reported a 16% increase in adjusted net profit for 4Q25, near the upper end of expectations. Management announced that they will ramp up AI investment, and investors are paying attention to the challenges from the AI video model, SkyReels-V4. KINGSOFT (03888.HK) edged 0.3% higher, as its full-year net profit surged 29%. KINGSOFT CLOUD (03896.HK) rallied 3.3% to HKD7.8. It saw a 2.66-fold growth in adjusted EBITDA for the year. ROBOSENSE (02498.HK) soared 5% to HKD33.78. It achieved a turnaround in 4Q25. Among tech stocks, TENCENT (00700.HK) opened declining 0.9%. MEITUAN-W (03690.HK), set to announce its results after the market bell, remained flat at HKD90. JD-SW (09618.HK) swelled 2.5%. BABA-W (09988.HK) and BIDU-SW (09888.HK) dipped 0.7% and 0.3%. NTES-S (09999.HK) was unchanged at HKD176.3. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) lost 0.9% and 0.2%. In the automotive sector, BYD COMPANY (01211.HK) climbed 0.3% to HKD106.7 at open. XIAOMI-W (01810.HK) ebbed 0.5%. NIO-SW (09866.HK) receded 2.4%. Battery stock CATL (03750.HK) retreated 2.7%. AAStocks Financial News |
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