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Xiaomi EV Says SU7 Deliveries Exceed 130,000, Meets Adjusted Full-year Target
Capital trends | Northbound capital heavily purchased Hong Kong stocks for nearly 8.5 billion Hong Kong dollars, significantly increasing positions in Semiconductor Manufacturing International Corporation by nearly 1.4 billion Hong Kong dollars.
Track the latest dynamics of southbound capital.
Hong Kong stock market closing review: The Hang Seng TECH Index rose by 0.69%, with significant gains in semiconductor and Defense stocks, and Xiaomi's share price approaching historical highs.
The Hang Seng Index slightly dropped by 0.04%, while the National Index rose by 0.02%.
[Hong Kong Stock Connect] Xiaomi Group (01810) rose by 5.19%, reportedly increasing investment to develop AI large models.
Jingwu Financial News | Xiaomi Group (01810) has fluctuated and strengthened, as of the time of writing, up 5.19%, reported at HKD 34.45, with a transaction value of HKD 6.769 billion. In news, according to media reports, Xiaomi Group is strengthening the development of its own AI large model, currently deploying a GPU cluster of ten thousand cards, significantly increased from about 6,500 GPUs when its large model team was established. The report cited informed sources indicating that Xiaomi started promoting this plan several months ago, led by Group Director Lei Jun. Additionally, there were earlier reports that Lei Jun personally invested heavily in recruiting a key figure from DeepSeek for the open-source large model DeepSeek-V2.
Hong Kong Stock Afternoon Review | Hang Seng Index rose 0.12% in the morning session as market funds flocked to the domestic chip Sector.
The International Semiconductors Industry Association (SEMI) has once again raised its forecast for the 2024 Global chip equipment sales.
Electric Vehicle companies started off positively, with ideal Autos (02015) rising by 4.65%. Institutions state that recent Consumer purchases have shown strong growth.
Jinwu Financial News | Electric Vehicle companies are showing positive trends at the beginning of trading. As of the time of publication, Li Auto (02015) is up 4.65%, Xiaomi Group (01810) is up 4.58%, NIO (09866) is up 3.69%, BRILLIANCE CHI (01114) is up 3.47%, and Guangzhou Automobile Group (02238) is up 1.75%. In terms of news, on December 25, the Passenger Car Association released data showing that from December 1-22, the retail sales of the passenger vehicle market reached 1.692 million units, a 25% increase compared to the same period last December, and a 14% increase compared to the previous month; the cumulative retail sales this year have reached 21.95 million units, showing year-on-year growth.
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