HK Midday: HSI up 1.22%; Innovator Drug Stocks Surge, Everest Medicines Soars Nearly 60%
Market Pulse·
- Hong Kong stocks maintained an upward trend on August 20, with the Hang Seng Index rising 1.22% to 25807.29 points.
- The innovative drug sector surged significantly driven by Moderna mRNA vaccine developments and strong interim results, while gold stocks strengthened as spot gold broke 4500 USD.
- Meanwhile, internet technology stocks showed divergence, highlighted by Kuaishou dropping over 10% following weaker-than-expected financial results.
