HSI Closes at 26,009, Up 124 pts; HSTI Closes at 4,875, Up 46 pts; BABA Up over 7%; TENCENT Up over 3%; ANGELALIGN, ABLE DIGITAL, LEE & MAN PAPER, BANK OF E ASIA, DAH SING Hit New Highs; Market Turnover Rises
AASTOCKS News·- At the market close, the Hang Seng Index rose 124 points to 26,009 and the Hang Seng Tech Index increased 46 points to 4,875. - Total market turnover reached $255.18 billion, with major heavyweights like BABA and TENCENT recording gains of over 7% and 3% respectively. - Several stocks including ANGELALIGN, ABLE DIGITAL, LEE & MAN PAPER, BANK OF E ASIA, and DAH SING hit new highs during the session.HSI Closes Midday at 25,895, Up 11 pts; HSTI Closes Midday at 4,864, Up 35 pts; BABA Up over 6%; XIAOMI Down over 3%; ANGELALIGN, BANK OF E ASIA Hit New Highs
AASTOCKS News·- At the midday close, the Hang Seng Index rose 11 pts to 25,895, while the Hang Seng Tech Index increased 35 pts to 4,864. - Among active heavyweights, BABA gained over 6% to close at $124.9, whereas XIAOMI dropped over 3% to close at $27.72. - Additionally, stocks such as ANGELALIGN and BANK OF E ASIA performed strongly by hitting new highs during the session.HSI Closes at 25,884, Up 25 pts; HSTI Closes at 4,829, Up 25 pts; XIAOMI Down over 7%; BABA Up over 4%; HSBC HOLDINGS, BANK OF E ASIA Hit New Highs; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index closed up 25 points at 25,884, while the Hang Seng Tech Index also rose 25 points to reach 4,829. - Total market turnover reached $328.18 billion amid mixed movements across major heavyweights and index constituents. - Notable performances included XIAOMI dropping over 7%, BABA rising over 4%, and HSBC Holdings along with Bank of East Asia hitting new highs.Rising Expectations for Sep Rate Hike Lift HK Banks Against Market; BOC HONG KONG Surges 4% to Break Above HKD50 for First Time, BANK OF E ASIA and Dah Sing Series Leap 6%-8%
AASTOCKS News·- Escalating tensions in the Middle East have driven up oil prices, raising inflation concerns and increasing expectations for US interest rate hikes, with an 80% chance of a rate hike in September. - Meanwhile, Hong Kong's stock market has shown mixed results, with the HSI declining 1.3% due to rising tariffs and oil prices, while bank stocks have improved as rate hike expectations rise. - BOC Hong Kong reached a record high, prompting JPMorgan to upgrade its rating, while international banks like HSBC and Standard Chartered saw declines.BEA board to review interim results, weigh dividend payout
PUBT·- BEA is scheduled to hold a board meeting on August 20, 2026, to review the interim results for the six months ending June 30, 2026. - The board will also consider dividends during the meeting. - This news brief, created by Public Technology Company (PUBT) using generative AI, is for reference only and should not be interpreted as financial, investment, or legal advice.G Sachs: PBOC, HKMA Launch 11 Financial Connectivity Measures Structurally Positive for HK Banks
AASTOCKS News·- G Sachs reported that on July 7, the People's Bank of China and financial authorities announced 11 new measures to enhance financial cooperation between Hong Kong and mainland China. - Six measures will support Hong Kong's fixed income and currency markets, while five aim to expand offshore RMB business, increasing the RMB funding quota from 200 billion to 500 billion. - The broker expects these measures to positively impact Hong Kong banks, particularly BOC HONG KONG, enhancing RMB clearing activities and alleviating investor concerns over regulatory issues.