Hansoh Pharmaceutical climbs 3% as Moderna vaccine data lifts biotech sector
HK Stock Market Update·
HK Midday: Hang Seng Range-Bound; Lenovo Soars Nearly 20% Post-Results; Tencent Slumps Over 4%
Market Pulse·- Hong Kong stocks fluctuated in a narrow range during the session, with the Hang Seng Index reporting 25420 points and a turnover of about 1866 billion HKD. - Lenovo Group surged nearly 20% following record-breaking first-quarter results with revenue up 43% to 26.9 billion USD, driving AI and semiconductor sectors higher. - Tencent dropped over 4% as surging capital expenditures led to negative free cash flow, despite second-quarter revenue growing 11% to 204.8 billion RMB.HK Midday: Hang Seng Drops Nearly 1%, Loses 26,000; Biomed Stocks Surge, Autos Tumble
Market Pulse·- On August 11, Hong Kong stocks fluctuated weakly, with the Hang Seng Index falling 0.93% to 25697.35 points. - Biopharmaceutical and oil stocks strengthened against the market trend driven by positive catalysts and rising oil prices. - Technology and auto stocks generally declined amid market wait-and-see sentiment, high inventory pressures, and upcoming earnings and inflation data.Hong Kong Market Close: HSI Gains 269 pts to Reclaim Bull-Bear Line; Laopu Gold Surges Over 12%, Aunt Lu Shanghai Plunges 23%
Market Pulse·- On August 10, Hong Kong stocks closed higher collectively, with the Hang Seng Index rising 1.05 % to 25937.49 points and total turnover reaching 2402.8 billion HKD. - Gold jewelry, consumption stocks, and large tech firms led the gains driven by favorable macroeconomic expectations and strong corporate forecasts, while semiconductor and certain individual stocks declined. - Notably, Lao Pu Gold surged over 12 % to reach a record high, whereas ChaPanda plummeted more than 23 % following a shareholder reduction announcement.HK Midday: Hang Seng Inches Up 0.3%; Solar Stocks Surge, Alibaba Jumps Over 6%
Market Pulse·- On August 3, Hong Kong stocks traded narrowly, with the Hang Seng Index rising 0.32 % to 25968.00 points. - The photovoltaic sector surged collectively driven by regulatory price guidance, and AI concept stocks performed actively with Alibaba rising over 6 %. - Meanwhile, pharmaceutical stocks generally declined due to the 12 th national centralized drug procurement, and the semiconductor sector showed mixed performance.REG - GSK PLC - Hansoh positive 2nd Phase III results for Riz-Rez
London Stock Exchange·