Hong Kong Stocks Little Changed; Property Stocks Diverge, Meitu and Kingdee Surge Over 6%
Market Pulse·- On August 28, Hong Kong stocks fluctuated narrowly with the Hang Seng Index closing basically flat at 25584.79 points and a total market turnover of about 2300 billion HKD. - Sector performance showed significant divergence, with real estate stocks split sharply, tech software firms generally strengthening, and energy shares posting widespread gains. - Major highlights included Meitu and Kingdee rising over 6%, while real estate firms like Sunac surged more than 10% and Shimao dropped nearly 12%.Meitu climbs nearly 8% on 39% rise in first-half adjusted profit
HK Stock Market Update·HK Market Midday: Hang Seng Erases Early Losses; AI Stocks Surge Led by SenseTime, Kingdee, Meitu
Market Pulse·- On August 28, Hong Kong stocks opened lower and rose slightly, with major indices turning green during the session driven by market focus on AI concepts and corporate earnings. - AI and software concepts surged across the board, led by SenseTime, Kingdee, and Meitu, with SenseTime reporting a 2026 first-half net profit of 620 million RMB and achieving a turnaround. - Tech giants, real estate stocks, and banking sectors showed divergent performances, influenced by respective corporate financial results, market news, and overseas sector movements.Meitu climbs 7% on strong first-half profit, AI-driven growth
HK Stock Market Update·HK Market Midday: Hang Seng Down 0.4%; PCB, Semiconductor Stocks Buck Trend; Feihe Plunges Nearly 10%
Market Pulse·- Hong Kong stocks maintained narrow fluctuations in the afternoon session on August 27, with the Hang Seng Index falling 0.40% to 25549.87 points. - Boosted by Nvidia's better-than-expected financial results, the PCB and semiconductor sectors strengthened against the market trend. - Consumer stock China Feihe plummeted nearly 10% due to disappointing interim financial results showing a 16.3% year-on-year drop in net profit.Meitu climbs 3% in Hong Kong on mid-year profit growth
HK Stock Market Update·