HSI Gains 62 pts at Midday; XIAOMI-W, HK & CHINA GAS Leap ~7% After Results; BIDU-SW Plunges ~12%; CHINA UNICOM Dives ~8%
AASTOCKS News·- The Hong Kong Hang Seng Index closed the morning session up 62 pts or 0.24% at 25,533 pts with a half-day turnover of about HKD 129.251 billion. - Individual stock movements were heavily driven by earnings releases, with XIAOMI-W and HK & CHINA GAS soaring nearly 7% after beating expectations. - Conversely, BIDU-SW plunged 11.77% following a 68% drop in 2Q profit, while chip makers suffered steep losses amid weak overseas markets.