On February 25, 2025, the Hong Kong stock market closed lower. The Hang Seng Index (HSI) fell by 1.32%, the Hang Seng China Enterprises Index (HSCEI) decreased by 1.39%, and the Hang Seng Tech Index (HSTECH) dropped by 1.57%.
In terms of sectors, the popular tech stocks were notably weak. The Hang Seng Tech Index saw a significant decline, with TENCENT dropping 2.49% due to increased orders for NVIDIA's H20 AI chips by Chinese companies, including Tencent.
BABA-W fell 3.76% amid a broader tech sell-off, despite plans to invest 380 billion RMB in cloud computing and AI infrastructure over the next three years.
MEITUAN-W experienced a 4.74% drop, reflecting the overall negative sentiment in the tech sector.
XPENG-W rose 4.43% as the company expressed confidence in becoming one of the first in China to mass-produce L3 robots, leveraging advanced technologies to enhance capabilities.
LI AUTO-W surged 12.52% as the company announced on its social media platforms today that its first all-electric SUV is the Li i8..
EVERG VEHICLE declined 2.07% following the announcement of a transaction to sell a 20% stake in its Swedish subsidiary to improve liquidity and meet tax obligations.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。