- The Hong Kong stock market closed higher on August 20, with the Hang Seng Index up 203 pts or 0.8% at 25,698 and a total turnover of HKD 269.119 billion.
- KUAISHOU-W plunged 11.01% as its 2Q adjusted profit slid 30.3% YoY, while SBP GROUP surged 12.53% following a better-than-expected interim profit report.
- mRNA concept stocks rallied significantly after Moderna's cancer vaccine breakthrough, driving strong gains in related pharmaceutical firms like EVEREST MED and CANSINOBIO.
- On August 20, the Hang Seng Index rose 0.8% and the Hang Seng Tech Index increased by 0.39%.
- Among Hong Kong stocks with a market value exceeding 100 billion, Sino Biopharmaceutical surged 12.53% and Zijin Gold International gained 11.25%.
- Conversely, Kuaishou-W dropped 11.01% and Hengrui Pharma declined 9.63%.