HSI Opens Down 154 Pts; TENCENT Down 1%+ Ahead of Results; TINGYI Up ~3% After Results
AASTOCKS News·- The Hong Kong market opened lower following overnight declines in US stocks and rising Middle East uncertainties that pushed oil prices up. - The HSI opened down 154 points at 25,498, with major technology stocks broadly coming under pressure. - Individual stocks reacted to financial results, with TINGYI rising nearly 3% after reporting a 7.1% interim profit increase and MMG surging 5.62% following a record 1H profit.