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.