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BYD Electronic (International) Stock Rallies 2.2% in Hong Kong
Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down over 4%; AI application and memory stocks fell collectively, with Zhipu AI plunging nearly 22%, MiniMax dropping close to 14%, and CSOP Daily Leveraged 2
Tech and internet stocks declined, with Meituan-W falling 6.08% and Kuaishou-W dropping 5.80%; semiconductor stocks weakened, with Innoscience falling 10.17% and GigaDevice declining 8.67%; pharmaceutical stocks fell, with Insilico Intelligence down 12.12% and 3SBio dropping 10.61%;
Hong Kong Market Midday Review | Hang Seng Index Down 1.98% at Midday; Hang Seng Innovative Drug Index Plunges Over 7%
Airline stocks continued to decline. Fuel costs weighed on profitability, and JPMorgan expects airlines to report their worst quarterly losses in three years for the second quarter.
Hong Kong Stock Market Update | BYD Electronics (00285) Rises Over 5% as Analysts See Growth Potential in Liquid Cooling and Power Supply Businesses
BYD Electronics (00285.HK) rose more than 5% against the market trend. As of this report, it was up 5.12% at HK$24.66, with a trading volume of HK$386 million.