Biren Technology (06082.HK) opened about 3.5% lower after the company proposed a placing of 153 million new H shares.

China A-shares opened higher, slid and then recovered into the noon break. At midday the Shanghai Composite rose 0.08%, the Shenzhen Composite fell 0.36% and the ChiNext index fell 0.51%; the STAR 50 Index gained 1.96%. Combined turnover on Shanghai-Shenzhen was 2.21 trillion yuan, up 146.6 billion yuan on the prior session. Decliners outnumbered advancers by more than 3,500 stocks. The memory-chip sector staged a V-shaped rebound: Gailun Electronics hit the daily limit and names including Huada Jiutian, Shenghe Jingwei, Weice Technology, Jiangbolong and Huahong Hongli rallied over 10%. Innovative-drug names outperformed, with Ganli Pharma, Huahai Pharma and Luoxin Pharma at limits and Shouyao Holdings, Sanyuan Gene, Chengda Pharma and Hotgen Bio up more than 10%. Cultured-diamond stocks were active (Huanghe Whirlwind at limit; Guoli Electronics, Huifeng Diamond +10%+). Titanium dioxide, pork, dairy and fertiliser sectors were among the gainers. Weakness concentrated in rare-earth permanent magnets (Hengdian Dongci, Lingyi Zhizao, Yingst down), glass-substrate plays (Hongxing Development, Laibao Hi‑Tech, Woge Optoelectronics, Rainbow) and in fibre, PCB and commercial-space concepts.

匯豐：將強生(JNJ.N)目標價從280美元上調至290美元。