--- title: "HK Midday: HSI Gains Nearly 1% as Gold Stocks Surge; Kuaishou Tumbles Over 10% Post-Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/296424595.md" description: "HSI rose nearly 1% on Aug 20, led by a broad rally in gold miners as bullion prices soared. Lingbao Gold jumped over 11%. Kuaishou slumped nearly 11% after earnings, while pharma and NEV sectors advanced." datetime: "2026-08-20T02:19:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296424595.md) - [en](https://longbridge.com/en/news/296424595.md) - [zh-HK](https://longbridge.com/zh-HK/news/296424595.md) generator: "portal-rs" --- # HK Midday: HSI Gains Nearly 1% as Gold Stocks Surge; Kuaishou Tumbles Over 10% Post-Earnings Hong Kong's three major indices climbed in tandem on August 20 morning trading. As of press time, the Hang Seng Index added **0.74%** or 189.85 points to 25,684.92; the Hang Seng China Enterprises Index rose **1.02%** to 8,557.82; and the Hang Seng TECH Index gained **1.05%** to 4,731.25. Gold stocks led the market with a broad-based surge, while pharmaceutical and new energy vehicle sectors also strengthened. Kuaishou tumbled over 10% after its earnings report, weighing on select tech names. **Gold Stocks Rally Across the Board; Lingbao Gold Jumps Over 11%** As of press time, Lingbao Gold (03330.HK) surged over **11%** to HK$24.58; Zhaojin Mining (01818.HK) rallied nearly **11%** to HK$26.36; China Gold International Resources (02099.HK) climbed nearly **8%** to HK$247.80; and CMOC Group (03993.HK) rose nearly **4%** to HK$17.14. The U.S. Treasury announced a significant expansion of its long-term bond buyback program to stabilize the market, sending Treasury yields lower and the dollar index to its weakest since late May. Spot gold surged over 4% overnight. Meanwhile, the Fed's July meeting minutes signalled a hawkish tilt, fuelling safe-haven demand for gold and further supporting bullion prices. **Pharma Stocks Strengthen; CSPC Pharmaceutical Soars Over 14%** As of press time, CSPC Pharmaceutical Group (01093.HK) soared over **14%** to HK$9.91 on turnover exceeding HK$2 billion; WuXi Biologics (02269.HK) jumped nearly **6%** to HK$50.70; and WuXi AppTec (02268.HK) advanced **3%** to HK$70.10. Overnight, Moderna and Merck's jointly developed mRNA personalized cancer vaccine delivered positive results in a Phase III clinical trial, sending Moderna shares surging nearly **180%** in a single session. The Nasdaq Biotechnology Index soared **6.4%**, significantly lifting sentiment across global pharmaceutical stocks. **Kuaishou Slumps Over 10% Post-Earnings; Tech Stocks Diverge** As of press time, Kuaishou-W (01024.HK) tumbled nearly **11%** to HK$33.68 on turnover exceeding HK$3.8 billion. The company reported Q2 net profit of RMB3.152 billion, down 36% year-on-year but slightly ahead of expectations. It guided full-year capex of RMB26 billion, with Chairman Cheng Yixiao cautioning that ongoing investments and external challenges will weigh on near-term profitability. Weimob (02013.HK) slumped nearly **10%** to HK$1.00. Among large-cap tech names, Tencent (00700.HK) rose **1.4%**, Alibaba (09988.HK) added **0.6%**, Meituan (03690.HK) gained **1.3%**, Xiaomi (01810.HK) advanced over **3%**, and JD.com (09618.HK) climbed **2.6%**. **NEV Sector Rises Broadly; Li Auto Gains 5%** As of press time, Li Auto-W (02015.HK) rose **5%** to HK$50.30; NIO-SW (09866.HK) gained over **4%** to HK$36.36; XPeng-W (09868.HK) added **3%** to HK$47.32; and BYD Company (01211.HK) advanced **2.5%** to HK$91.60. Property stocks also rebounded in morning trading, with China Resources Land (01109.HK) up **4%**, China Overseas Land & Investment (00688.HK) up nearly **3%**, and Sun Hung Kai Properties (00016.HK) up nearly **3%**. ### Related Stocks - [03330.HK](https://longbridge.com/en/quote/03330.HK.md) - [01818.HK](https://longbridge.com/en/quote/01818.HK.md) - [02099.HK](https://longbridge.com/en/quote/02099.HK.md) - [03993.HK](https://longbridge.com/en/quote/03993.HK.md) - [01093.HK](https://longbridge.com/en/quote/01093.HK.md) - [02269.HK](https://longbridge.com/en/quote/02269.HK.md) - [02268.HK](https://longbridge.com/en/quote/02268.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [02013.HK](https://longbridge.com/en/quote/02013.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [02015.HK](https://longbridge.com/en/quote/02015.HK.md) - [09866.HK](https://longbridge.com/en/quote/09866.HK.md) - [09868.HK](https://longbridge.com/en/quote/09868.HK.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [01109.HK](https://longbridge.com/en/quote/01109.HK.md) ## Related News & Research - [CMOC Last Soars 5%+; Interim Profit Surges 86%, Revenue Hits Record High; Interim DPS Resumed at RMB0.095](https://longbridge.com/en/news/296423052.md) - [Xiamen Xinweidachuang Investment Partnership Limited Partnership Purchases Shares of 4,926,165 Li Auto Inc. Sponsored ADR $LI](https://longbridge.com/en/news/296472954.md) - [XPeng Stock (XPEV) – XPeng's Robotics Unit Dogotix Valued at $6.3B After Record Fund Raise](https://longbridge.com/en/news/296785720.md) - [Michael Burry Says He 'Flipped' His Alibaba Stock into JD and Won't Be Flipping Back — Hong Kong-Listed Stock Falls Nearly 10% on $10B Raise](https://longbridge.com/en/news/296735167.md) - [Xiaomi SU7 series tops 500,000 cumulative deliveries](https://longbridge.com/en/news/296067965.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**