HSI Reverses to Fall 108 Pts at Half-day; BIDU-SW Surges Over 6%; AI Large Model & Hardware Stocks Rally; KB LAMINATES Jumps 9.5%
AASTOCKS News·- The Hang Seng Index reversed to close 108 points lower at 25,544 points at midday, while the HSTECH index rose 0.19% to 4,634 points. - BIDU-SW surged 6.66% ahead of its primary listing conversion on the Stock Exchange, and chip and AI hardware stocks rallied following NVIDIA's strong quarterly results. - Printed circuit board stocks and multiple blue chips also experienced notable movements driven by corporate earnings and financial reports.HSI Closes Midday at 25,544, Down 108 pts; HSTI Closes Midday at 4,634, Up 8 pts; HANSOH PHARMA Up over 14%; TS LINES, H&H INTL HLDG Hit New Highs
AASTOCKS News·- At the midday close, the Hang Seng Index dropped 108 pts or 0.4 % to 25,544, while the Hang Seng Tech Index rose 8 pts or 0.2 % to 4,634. - Among active heavyweights, Tencent gained 1 % and Xiaomi fell 2.1 %, whereas major constituents like Hansoh Pharma surged over 14 %. - Additionally, TS Lines and H&H Int'l Hldg marked notable performances by hitting new highs during the session.US Stock Futures Mixed Ahead of PCE Data, NVIDIA Corporation Up 0.3% Premarket, European Stocks Edge Higher in Early Trading
AASTOCKS News·- US stock futures showed mixed movements ahead of the upcoming PCE data release, while European stocks edged higher in early trading and major Asia-Pacific markets mostly advanced. - NVIDIA Corporation rose 0.3% in premarket trading ahead of its earnings report, whereas Salesforce declined 1.6% and HP fell 0.8%. - The US and Iran reportedly reached a consensus on ceasefire terms involving navigation freedom and renewed negotiations.HSI Closes Midday at 25,685, Up 174 pts; HSTI Closes Midday at 4,660, Up 72 pts; XIAOMI Up over 4%; H&H INTL HLDG Hit New Highs
AASTOCKS News·- At the midday close, the Hang Seng Index rose 174 points or 0.7 % to 25,685, while the Hang Seng Tech Index gained 72 points or 1.6 % to 4,660. - Major tech heavyweights and index constituents experienced upward momentum, with XIAOMI increasing over 4 % and H&H INTL HLDG hitting new highs. - The Hang Seng China Enterprises Index also advanced by 104 points or 1.2 % to close at 8,549.HSI Opens Up 124 pts as BABA-W Rebounds Over 1%; INNOVENT BIO Surges Over 6% After Results
AASTOCKS News·- The Hong Kong Hang Seng Index opened 124 points higher at 25,635 on the morning of August 26, driven by broader gains across major tech shares and corporate earnings reports. - Major technology firms rebounded, including BABA-W which rose over 1% following reports of stakeholder share increases, while INNOVENT BIO surged over 6% after reporting a 50% growth in 1H profit. - International oil prices declined by more than 2% following a temporary security passage arrangement in the Strait of Hormuz, causing oil stocks like CNOOC and PETROCHINA to open lower.HSI Ends Down 6 pts as MEITUAN-W Tumbles 6%+; Innovative Drug Stocks and Kingboard Series Up against Mkt
AASTOCKS News·- The HSI closed down 6 pts or 0.02% at 25,511 with a full-day turnover of HKD 254.079 billion, while major tech stocks experienced mixed performances. - MEITUAN-W dropped 6.65% as the worst-performing blue chip, whereas BABA-W rose 1.51% following increased holdings by its executives. - Innovative drug stocks and the Kingboard series rallied strongly against the market trend, bolstered by favorable broker ratings and corporate results.