--- title: "HK Midday: Hang Seng Down 64 Pts; Meituan Tumbles Pre-Earnings, Kingboard Soars" type: "News" locale: "en" url: "https://longbridge.com/en/news/296867221.md" description: "Hang Seng slips 64 pts to 25,453 at midday; tech index down 34 pts. Meituan plunges nearly 6% ahead of results. Kingboard group surges over 10% post-earnings. Property stocks broadly rebound." datetime: "2026-08-25T06:19:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296867221.md) - [en](https://longbridge.com/en/news/296867221.md) - [zh-HK](https://longbridge.com/zh-HK/news/296867221.md) generator: "portal-rs" --- # HK Midday: Hang Seng Down 64 Pts; Meituan Tumbles Pre-Earnings, Kingboard Soars Hong Kong's three major indexes traded lower at the midday close on August 25. The Hang Seng Index fell **64 points** to **25,453**, while the Hang Seng Tech Index dropped **34 points** to **4,559**. Half-day turnover reached approximately **HK$126.7 billion**, with short-selling amounting to **HK$26.7 billion**, accounting for **24%** of total short-sellable turnover. On the stock front, the Kingboard group surged after earnings — Kingboard Laminates soared over **11%** and Kingboard Holdings jumped more than **10%**. Property stocks staged a broad rebound, with Country Garden rallying nearly **6%**. WuXi Biologics bucked the trend with a gain of over **6%**, while Yangtze Optical Fibre surged more than **14%**. On the downside, Meituan tumbled nearly **6%** ahead of its results release, and gold miners fell across the board, with Lingbao Gold and Wanguo Gold both plunging over **7%**. **Kingboard Group Surges Post-Earnings; Kingboard Laminates Up Over 11%** At the midday break, Kingboard Laminates (**01888.HK**) jumped over **11%** to **HK$38.98**, while Kingboard Holdings (**00148.HK**) rallied more than **10%** to **HK$50.35**. The rally came after Kingboard Laminates reported interim results, with several major brokerages raising their target prices, fueling strength across both Kingboard names. **Property Stocks Broadly Rebound; Country Garden Up Nearly 6%** As of the midday close, Country Garden (**02007.HK**) gained nearly **6%** to **HK$0.196**, with half-day turnover reaching **HK$936 million**, the highest across the market. Sunac China (**01918.HK**) rose over **5%** to **HK$0.575**, Cifi Holdings (**00884.HK**) climbed more than **5%**, and Shimao Group (**00813.HK**) advanced over **3%**. **Meituan Tumbles Nearly 6% Ahead of Earnings; Gold Miners Sink** Meituan (**03690.HK**) plunged nearly **6%** to **HK$77.85** ahead of its earnings release, marking a four-day losing streak. Its investee Unitree Technology saw its share price halved from peak levels, slashing Meituan's paper gains on the investment from over **HK$33.3 billion** to approximately **HK$18.3 billion**. In the gold sector, international gold prices retreated from highs, with Lingbao Gold (**03330.HK**) falling over **7%**, Wanguo Gold (**03939.HK**) dropping more than **7%**, and Zijin Mining (**02899.HK**) down over **4%**. **WuXi Biologics Up Over 6%; Yangtze Optical Fibre Surges Over 14%** The WuXi group bucked the broader market weakness, with WuXi Biologics (**02269.HK**) gaining over **6%** to **HK$51.65**. Yangtze Optical Fibre (**06869.HK**) surged more than **14%** to **HK$160.70**. Mainland Chinese banks edged mildly higher, with Bank of China (**03988.HK**) rising over **1%**, while Agricultural Bank of China and China Construction Bank posted modest gains. ### Related Stocks - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [02007.HK](https://longbridge.com/en/quote/02007.HK.md) - [01918.HK](https://longbridge.com/en/quote/01918.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [03330.HK](https://longbridge.com/en/quote/03330.HK.md) - [03939.HK](https://longbridge.com/en/quote/03939.HK.md) - [02899.HK](https://longbridge.com/en/quote/02899.HK.md) - [02269.HK](https://longbridge.com/en/quote/02269.HK.md) - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [03988.HK](https://longbridge.com/en/quote/03988.HK.md) ## Related News & Research - [HSBC Research: BANK OF CHINA 3Q PPOP Growth Accelerates](https://longbridge.com/en/news/303930547.md) - [Yangtze Optical Fibre and Cable Extends Deadline for Overseas Expansion Proceeds Use to December 2027](https://longbridge.com/en/news/303740195.md) - [Kingboard Laminates Holds Extraordinary General Meeting](https://longbridge.com/en/news/303735524.md) - [Sunac China corrects EGM voting record date to Nov. 10, 2026](https://longbridge.com/en/news/303718297.md) - [Citi: BANK OF CHINA 3Q Pre-provision Operating Profit Beats Forecast; NIM, Fee Income Resilient](https://longbridge.com/en/news/303910784.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**