HKD453.5M Southbound Trading Net Inflow to VGT
AASTOCKS News·- VGT recorded a Southbound Trading net inflow of HKD453.5 million, while BABA-W experienced the highest net outflow of HKD380.8 million. - Under the Shanghai-Hong Kong Stock Connect, VGT saw the highest net inflow of HKD315.9 million and CHINA LIFE saw the highest net outflow of HKD878.5 million. - Under the Shenzhen-Hong Kong Stock Connect, VGT led with a net inflow of HKD137.7 million and TENCENT led with a net outflow of HKD235.3 million.HSI Opens Down 155 pts; BABA-W Slips 2%; SHIMAO GROUP Opens Down 10% on Winding-up Petition
AASTOCKS News·- The HSI opened down 155 points at 25,410 points, while major US stock indices closed higher, driven by a surge in NVIDIA Corporation following strong earnings results. - Hong Kong tech and banking stocks generally declined at the opening, whereas individual companies experienced notable stock movements following their corporate earnings reports and financial disclosures. - Shimao Group opened 10.45% lower after facing another winding-up petition, while companies like Tianqi Lithium surged following a significant jump in interim profit.SMIC 1H26 Net Profit USD677M Up 111%
AASTOCKS News·- SMIC announced its interim financial results for the six months ended June 2026. - The company recorded a revenue increase of 23.7% year-on-year to USD 5.511 billion. - Net profit leaped 111% year-on-year to USD 677 million, with earnings per share at US 8 cents.SMIC FY26 H1 profit attributable to owners more than doubles to USD 676.65 million; revenue rises 23.7% to USD 5.51 billion
PUBT·- SMIC reported a 23.7% year-over-year increase in revenue to USD 5.51 billion and a profit attributable to owners of USD 676.65 million for the first half of FY 26. - The financial growth was driven by higher wafer shipments, improved average selling prices, and product mix changes, with operating cash flow surging 252.7% to USD 3.21 billion. - Management maintained an optimistic outlook for the second half of the year, supported by AI-driven demand.A-Share Three Major Indices Gain 0.6%-1.5% at Midday; Gold and Chip Stocks Advance, HUA HONG GRACE Up Over 4%
AASTOCKS News·- China's three major A-share indices rose 0.6% to 1.5% at midday, supported by advances in gold and chip stocks. - Chip stocks surged significantly, driven by strong interim financial results including HUA HONG GRACE's 409% net profit rise. - The PBOC conducted RMB 103 billion in 7-day reverse repos and RMB 503.5 billion in overnight reverse repos.SMIC rises 1% as NVIDIA earnings beat lifts chip stocks
HK Stock Market Update·A-Share Three Major Indices Rise 0.5%-0.7% for Full Day as Brokerages Advance; HUA HONG GRACE Jumps Over 7%
AASTOCKS News·- The PBOC conducted RMB 239.5 billion of seven-day reverse repos with a single-day net injection of RMB 239.5 billion. - The three major A-share indices rose 0.5% to 0.7% for the full day, driven by advancing brokerages and chip stocks. - The Shanghai Composite Index closed up 0.59% at 3,912, while HUA HONG GRACE surged over 7%.SMIC climbs 5% on Goldman Sachs China chip self-sufficiency forecast
HK Stock Market Update·A-Share Three Major Indices Gain 0.7%-1.4% at Midday; HUA HONG GRACE Surges Over 9%, SMIC Up 3%
AASTOCKS News·- The central parity rate of RMB against USD was set at 6.7829, and the PBOC injected RMB 239.5 billion via seven-day reverse repos. - The three major A-share indices gained 0.7% to 1.4% by midday, with the Shanghai Composite Index reclaiming the 3,900 level to close at 3,916. - Individual stock performances included HUA HONG GRACE surging over 9% and SMIC rising 3%, alongside mixed movements across banking, insurance, and semiconductor sectors.SMIC climbs 3% on Goldman Sachs China chip self-sufficiency forecast
HK Stock Market Update·HSI Slips 544 pts at Midday as BABA-W Plunges ~10%, SMIC Dives 6%+; AI Large Model Stocks Pressured
AASTOCKS News·- The Hang Seng Index fell 544 pts or 2.09 % to close at 25,465 at midday, driven by widespread declines across major technology and chip stocks. - BABA-W plunged 9.76 % after planning a new share placement to raise HKD80 billion, while AI large model stocks faced heavy pressure following DeepSeek's API price adjustments. - Chip stocks experienced sharp sell-offs, with SMIC plummeting 6.62 % and HUA HONG GRACE tumbling 5.23 %.A-Share Three Major Indices Fall 0.7% to 3.5% at Midday, YUSHU TECHNOLOGY Slumps Nearly 10%; Mainland Banks and Insurers Stay Firm
AASTOCKS News·- At midday, the three major A-share indices fell between 0.7% and 3.5%, while the PBOC conducted RMB 340 billion of seven-day reverse repos for a net injection of RMB 340 billion. - Mainland bank and insurance stocks stayed firm with gains across major institutions, whereas chip, AI, and optical module stocks generally declined despite strong interim results from some firms. - YUSHU TECHNOLOGY slumped 9.8% to a total market capitalization of RMB 245.283 billion amid the opening of the second World Humanoid Robot Games 2026 in Beijing.HSI Down 544 pts; HSTI Down 183 pts; BABA Down over 9%; XIAOMI Down over 4%; TENCENT Down over 3%
AASTOCKS News·- At the midday close, the Hang Seng Index dropped 544 points or 2.1% to 25,465, while the Hang Seng Tech Index fell 183 points or 3.8% to 4,582. - Major heavyweights recorded significant declines, with BABA down over 9%, XIAOMI down over 4%, and TENCENT down over 3%. - Other index constituents also faced downward pressure, though selective stocks like PING AN and SINOPEC CORP posted modest gains.Shanghai Composite Opens Down 2pts; Chinese Banks Soft; YUSHU TECHNOLOGY Slumps Nearly 5%
AASTOCKS News·- The PBOC conducted RMB 340 billion of 7-day reverse repo operations, leading to a net injection of RMB 340 billion as the RMB central parity rate against the USD was set at 6.7841. - The three major A-share indices opened mixed, with the Shanghai Composite Index down 2 pts at 3,902, the Shenzhen Component Index up 23 pts at 14,118, and the ChiNext Index up 4 pts at 3,550. - Chinese bank and insurer stocks generally opened soft, while major tech, chip, and optical module stocks experienced varied trading performances alongside YUSHU TECHNOLOGY slumping nearly 5%.