CMOC Group reports 1H results
businessinsider·
HSI Finishes Up 310 Pts; BABA-W, POP MART Dive 2-3%; HENDERSON LAND Swells 7%
AASTOCKS News·- The Hong Kong Hang Seng Index closed up 310 pts or 1.21% at 26,009, with a full-day turnover of HKD 257.277 billion. - Major tech and blue-chip stocks experienced mixed performances driven by corporate earnings reports and broker ratings, with BABA-W down 2.54% and HENDERSON LAND surging 7.17%. - Resource, metal, and gold stocks thrived significantly as spot gold stabilized above USD 4,500 per ounce, propelling gold-related equities higher.HSI Opens Up 109 Pts; BABA-W Opens 2%+ Higher; POP MART Opens 8%+ Lower After Results
AASTOCKS News·- The Hong Kong stock market opened higher, with the HSI rising 109 points to 25,807 despite overnight declines in US stocks driven by inflation concerns. - Major technology and blue-chip stocks showed mixed openings following their recent financial results, including BABA-W opening 2.38% higher and POP MART opening 8.2% lower. - Spot gold stabilized above USD4,500 per ounce, which drove gold mining and jewelry stocks higher at the market open.HSBC Warns Global Zinc Market Is Flashing Signs Of Tightness
ZeroHedge·- HSBC's Global Commodity Team warned that the global zinc market is showing extreme tightness due to supply disruptions and recovering demand. - Global mine supply is expected to fall 2.1% y-o-y to 12.5mt in 2026, while London Metal Exchange zinc for immediate delivery traded at a premium of up to $132.37 a ton over three-month futures. - Benchmark zinc rose 1.1% to $3,802 a ton, heading for its highest close in 4 years amid intensifying competition for readily available metal.