Zhipu surges 11% as open-source GLM-5.3-Flash model debuts
HK Stock Market Update·
Hong Kong Midday: Hang Seng Gives Up Early Gains; AI Stocks Surge on Nvidia, Zhipu Catalysts; Hansoh Pharma Soars 13%
Market Pulse·- On August 27, Hong Kong stocks showed divergent trends with the Hang Seng Index falling 0.25% to 25588 points amid a morning turnover of 75.7 billion HKD. - Propelled by Nvidia's strong financial results and Zhipu's new AI model, AI concept stocks rallied significantly with companies like Montage Technology surging over 7%. - Hansoh Pharmaceutical spiked over 13% following a robust interim report, while other sectors experienced varied performances including Baidu rising nearly 6% and China Feihe dropping nearly 10%.Zhipu climbs 7% after open-sourcing GLM-5.3-Flash multimodal model
HK Stock Market Update·Top 5 HK Stock Gainers/Losers (>100B) (8.26)
Top Gainers&Losers·- On August 26, the Hang Seng Index rose 0.56 % and the Hang Seng Tech Index increased by 0.82 %. - Jiangxi Copper Company and Innovent Biologics recorded significant gains of 9.92 % and 9.69 % respectively. - Shandong Gold and Geely Automobile experienced declines of 3.33 % and 3.27 % respectively.Top 5 HK Stock Gainers/Losers (>100B) (8.25)
Top Gainers&Losers·- On August 25, the Hang Seng Index fell 0.02% and the Hang Seng Tech Index dropped 0.12%. - Among Hong Kong stocks with a market value exceeding 100 billion, YOFC surged 15.41% with a turnover of 7.67 billion HKD, and WuXi XDC rose 14.83% with 1.82 billion HKD. - Conversely, Meituan-W declined 6.65% with a turnover of 7.13 billion HKD, while Fast Retailing dropped 6.53%.Zhipu spikes 5% intraday on AI model buzz after index snub
HK Stock Market Update·Top 5 HK Stock Gainers/Losers (>100B) (8.24)
Top Gainers&Losers·- On August 24, the Hang Seng Index fell 1.89% and the Hang Seng Technology Index dropped 3.61% amid overall market declines. - Major Hong Kong stocks experienced mixed performances, with Free Gold rising 9% and Sinopec gaining 5.9%. - Conversely, companies like InnoLight and Zhipu suffered significant losses, dropping 11.32% and 10.81% respectively.Top 10 HK Stock Losers (8.24)
Top Gainers&Losers·