--- title: "Hong Kong Stocks Close Lower: Hang Seng Dips 0.34% as Innovative Drugs & Semiconductors Buck Trend; Mixue Ice Cream Tumbles Over 8%" type: "News" locale: "en" url: "https://longbridge.com/en/news/297146901.md" description: "Hang Seng fell 0.34% to 25,565.74, with turnover at HK$233.5 bn. Hansoh Pharma surged 16% post-results, Montage Tech jumped over 12%, while Mixue Group slumped more than 8% after earnings." datetime: "2026-08-27T08:19:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297146901.md) - [en](https://longbridge.com/en/news/297146901.md) - [zh-HK](https://longbridge.com/zh-HK/news/297146901.md) generator: "portal-rs" --- # Hong Kong Stocks Close Lower: Hang Seng Dips 0.34% as Innovative Drugs & Semiconductors Buck Trend; Mixue Ice Cream Tumbles Over 8% Hong Kong's three major indices closed in the red on August 27. The Hang Seng Index edged down **0.34%** or **87.23 points** to **25,565.74**, with total turnover reaching approximately **HK$233.5 billion**. The Hang Seng China Enterprises Index fell **0.51%** to **8,490.31**, while the Hang Seng Tech Index slipped **0.13%** to **4,620.29**. On the sector front, innovative drug stocks led the gains, with Hansoh Pharmaceutical soaring **16%** after earnings; semiconductor and AI-related names rallied broadly on Nvidia's stellar results, as Montage Technology surged over **12%** and Zhipu climbed nearly **13%**. On the flip side, new consumer plays weakened, with Mixue Group plunging more than **8%** post-results; autonomous driving stocks retreated, led by a **7.5%** drop in CI Holdings. Big tech diverged — Baidu rallied over **5%** while Xiaomi shed more than **3%**. **Innovative Drugs Lead; Hansoh Pharma Surges 16%** At the close, Hansoh Pharmaceutical (03692.HK) skyrocketed **16%** to **HK$36.82** on turnover exceeding **HK$1.2 billion**. WuXi Biologics (02269.HK) dipped **0.5%** to **HK$50.50**, while JD Health (06618.HK) fell **1.5%** to **HK$36.74**. Morgan Stanley raised its target price on Hansoh to **HK$48** and maintained an Overweight rating following the company's interim results, citing robust innovative drug sales, declining expense ratios, and solid investment gains — though partially offset by rising R&D expenditure. The broker views Hansoh as a high-quality biopharma with attractive valuation, bullish on its therapeutic area positioning and internationalization strategy. **Semiconductor & AI Plays Rally; Montage Tech Jumps Over 12%** At the close, Montage Technology (06809.HK) surged **12.3%** to **HK$301.20**; Hua Hong Semiconductor (01347.HK) rose **4.5%** to **HK$122.80**; SMIC (00981.HK) added **2.3%** to **HK$71.30**. Among AI concept stocks, Zhipu (02513.HK) soared **12.6%** to **HK$1,160** with turnover exceeding **HK$7.6 billion**. Nvidia reported Q2 revenue of **US$96.22 billion**, up **106%** year-on-year and beating market expectations, while issuing strong Q3 growth guidance — lifting global AI and semiconductor sentiment. Meanwhile, A-share semiconductor stocks also performed strongly, with Montage Technology's A-shares hitting the daily limit. China's integrated circuit industry profits surged **18.5 times** in the first seven months, further fueling the Hong Kong chip stock rally. **Mixue Group Slumps Over 8% Post-Earnings as Revenue Nearly Flatlines** At the close, Mixue Group (02097.HK) tumbled **8.4%** to **HK$227.80**, having plunged over **12%** intraday to a low of **HK$217.60**, with turnover surpassing **HK$410 million**. China Feihe (06186.HK) sank nearly **10%** to **HK$2.94**. Mixue posted H1 revenue of **RMB15.22 billion**, up just **2.3%** year-on-year and far below market expectations. Net profit fell **14.7%** YoY, marking the company's first half-year profit decline since listing. Selling expenses rose **23%** and administrative expenses surged **39.4%**, driving significant expense ratio expansion against near-zero revenue growth. Despite a proposed special dividend of **RMB2.65 per share**, the market flagged concerns over declining per-store revenue and rising costs. **Autonomous Driving Stocks Slide; CI Holdings Drops Over 7%** At the close, CI Holdings (03881.HK) fell **7.5%** to **HK$18.10**, while Horizon Robotics (09660.HK) inched up **0.2%** to **HK$4.75**. China is advancing legislation to assign liability for autonomous driving violations, with a draft law clarifying for the first time automakers' legal responsibility when autonomous driving features are engaged — signaling the sector's entry into national-level regulation. The market is watching whether tighter oversight may impact the commercialization trajectory of autonomous driving firms. **Big Tech Diverges: Baidu Up Over 5%, Xiaomi Down Over 3%** At the close, Baidu (09888.HK) rallied **5.3%** to **HK$95.75** on turnover exceeding **HK$3 billion**; Tencent (00700.HK) added **0.5%** to **HK$447.80**; Kuaishou (01024.HK) edged up **0.1%** to **HK$33.66**. On the downside, Xiaomi (01810.HK) dropped **3.4%** to **HK$27.48**; XPeng (09868.HK) fell **3.3%** to **HK$45.12**; Alibaba (09988.HK) declined **0.9%** to **HK$115.50**; Meituan (03690.HK) slipped **0.7%** to **HK$77.50**. **Consumer Electronics Edge Higher; Sunny Optical & AAC Rise Over 2%** At the close, Sunny Optical (02382.HK) gained **2.4%** to **HK$64.10**; AAC Technologies (02018.HK) rose **2.5%** to **HK$41.16**; Lenovo Group (00992.HK) added **0.5%** to **HK$30.72**. **Top 10 by Turnover** Tracker Fund (02800) HK$26.10, -0.2%, turnover HK$19.6 bn Alibaba-W (09988) HK$115.50, -0.9%, turnover HK$9.7 bn Zhipu (02513) HK$1,160.00, +12.6%, turnover HK$7.7 bn Tencent (00700) HK$447.80, +0.5%, turnover HK$5.2 bn Xiaomi-W (01810) HK$27.48, -3.4%, turnover HK$4.0 bn Hua Hong Semiconductor (01347) HK$122.80, +4.5%, turnover HK$3.3 bn SMIC (00981) HK$71.30, +2.3%, turnover HK$3.3 bn Baidu-SW (09888) HK$95.75, +5.3%, turnover HK$3.0 bn Lenovo Group (00992) HK$30.72, +0.5%, turnover HK$2.6 bn WuXi Biologics (02269) HK$50.50, -0.5%, turnover HK$2.5 bn ### Related Stocks - [03692.HK](https://longbridge.com/en/quote/03692.HK.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [02097.HK](https://longbridge.com/en/quote/02097.HK.md) - [03881.HK](https://longbridge.com/en/quote/03881.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [02018.HK](https://longbridge.com/en/quote/02018.HK.md) - [02269.HK](https://longbridge.com/en/quote/02269.HK.md) - [06618.HK](https://longbridge.com/en/quote/06618.HK.md) - [06186.HK](https://longbridge.com/en/quote/06186.HK.md) - [09660.HK](https://longbridge.com/en/quote/09660.HK.md) - [09868.HK](https://longbridge.com/en/quote/09868.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) ## Related News & Research - [KUAISHOU-W Repurchases 441,000 Shares for HKD14.97M](https://longbridge.com/en/news/297063131.md) - [Baidu Announces Dual-Primary Listing on the Main Board of The Stock Exchange of Hong Kong Limited | BIDU Stock News](https://longbridge.com/en/news/297572494.md) - [KUAISHOU-W: Monthly Additional Traffic Support of 1.2B Directed to Quality Streamers](https://longbridge.com/en/news/297456246.md) - [Xiaomi says August vehicle deliveries stayed above 30,000 as Sky Nomad launch nears](https://longbridge.com/en/news/297580701.md) - [China’s AI Race Heats Up: Baidu Says Its AI Investments Could Pay Off as CFO Bets on Cloud Growth](https://longbridge.com/en/news/297652361.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**