HSI Opens 16 pts Lower as Chip Stocks Hike

$Hang Seng Index (800000.HK)$ opened 16 points or 0.1% lower at 17,327. $Hang Seng China Enterprises Index (800100.HK)$ opened 5 points or 0.1% lower at 6,101. $Hang Seng TECH Index (800700.HK)$ opened 13 points or 0.4% lower at 3,503.

$BUD APAC (01876.HK)$ opened flat at $9.51 this morning, but its losses widened in the early session as its interim net profit fell 5.9%, missing JPMorgan's estimations. $XINYI SOLAR (00968.HK)$ picked up 0.8% to $3.74, after it recorded a 41% hike in 1H24 net profit, with an increase in interim dividend.

For techs, $BABA-W (09988.HK)$ ebbed 0.1% to $77.2 along with the market as it planned to launch an AI-powered conversational procurement engine in September. $TENCENT (00700.HK)$ added 0.4% to $363.8, while $XIAOMI-W (01810.HK)$ lost 0.4%. $MEITUAN-W (03690.HK)$ , $BIDU-SW (09888.HK)$ and $NTES-S (09999.HK)$ waned 1.1%-1.4%, while $JD-SW (09618.HK)$ and $BILIBILI-W (09626.HK)$ cascaded 1.9% and 2.3%.