- On August 18, Hong Kong stocks experienced an intraday drop of over 200 points before narrowing losses, with the Hang Seng Index closing slightly down 0.05% at 25440 points and a total turnover of approximately 1864 billion HKD.
- Major tech stocks diverged as Alibaba rose nearly 4% ahead of its earnings report, while Meituan fell over 3% and AI concept stocks generally declined due to sector differentiation.
- Petroleum stocks performed strongly with PetroChina and CNOOC both gaining over 2%.
