The HSI added 41 points or 0.2% to close at 19,705. The HSCEI inched up 6 points or 0.1% to close at 7,090. The HSTECH picked up 18 points or 0.4% to close at 4,413. The total market turnover for the day amounted to $114.671 billion.

BABA-W (09988.HK) issued US$2.65 billion and RMB17 billion senior unsecured notes for debt repayment and share buybacks. The stock slid 0.6% to $84.75. WB-SW (09898.HK)'s 1Q24-3Q24 net profit inclined 13%, and its share price swelled 7.9%. KINGSOFT (03888.HK) rallied 9.4% as its 3Q24 net profit surged 13.5x, while its same series KINGSOFT CLOUD (03896.HK) soared 27% as its 3Q24 loss widened to RMB1.057 billion.

Pharma were popular. UBS wrote in its report that it was optimistic about the diabetes drug prospects of INNOVENT BIO (01801.HK). INNOVENT BIO escalated 8.1%, while AKESO (09926.HK) spiked nearly 10%. HANSOH PHARMA (03692.HK), BEIGENE (06160.HK) and SINO BIOPHARM (01177.HK) leaped 3.4-4.2%.

For car makers, XPENG-W (09868.HK) shed 3.1% as it narrowed its 3Q24 non-GAAP net loss to RMB1.53 billion and planned to launch at least four new models next year. GEELY AUTO (00175.HK) cascaded 2.1%, while GWMOTOR (02333.HK) and NIO-SW (09866.HK) faded 3.7%.
~



AAStocks Financial News
Web Site: www.aastocks.com

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