HSI Advances 175 Pts; Xiaomi Thrives but Nio Subdued
$Hang Seng Index(800000.HK$ opened 175 pts or 1% higher at 18,659. $Hang Seng China Enterprises Index(800100.HK$ opened 62 pts or 1% higher at 6,449. $Hang Seng TECH Index(800700.HK$ opened 65 pts or 1.5% higher at 4,299.
As for blue chips, $XIAOMI-W(01810.HK$ , with its non-IFRS interim adjusted net profit soaring 70% which beat expectations, added 1.8% at $12.6.
As to other stocks having released their results, $NIO-SW(09866.HK$ slumped 3% after reporting net loss of RMB6.1 billion in 2Q.
$COUNTRY GARDEN(02007.HK$ proposed a 15.4% discount share placement to $KINGBOARD HLDG(00148.HK$ involving $270 million for debt repayment. CG slipped 3.3%, while KINGBOARD rallied 3%.
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