CSPC Pharmaceutical climbs 4% as Hong Kong pharma names buck market slide
HK Stock Market Update·
Top 5 HK Stock Gainers/Losers (>100B) (8.21)
Top Gainers&Losers·HK Stocks: Hang Seng Rallies 1.21% to Reclaim 26,000; Gold Miners Soar, Zhipu and MiniMax Jump Over 10%
Market Pulse·- On August 21, Hong Kong stock indices closed higher collectively, with the Hang Seng Index rising 1.21% to 26009.46 points and a total turnover of 2573 billion HKD. - Gold and non-ferrous metal stocks surged across the board driven by rising international gold prices, while AI concept stocks rallied ahead of the Hang Seng index review. - Insurance and software service stocks strengthened on positive financial results, whereas biomedical and new consumer stocks experienced pullbacks.CLSA: US Treasury Interest Expenses Surge, Emerging Market Fund Flows Shift to Taiwan, S Korea and India
AASTOCKS News·- CLSA Securities reported that US federal debt exceeded USD 40 trillion and interest expenses doubled to USD 1.37 trillion. - Emerging market fund flows shifted, with Taiwan, South Korea, and India recording net foreign inflows while Brazil saw outflows. - August earnings forecast revisions strengthened globally, with developed markets reaching their strongest level since October 2021.