- At the midday close, the Hang Seng Index rose 62 points to 25,533 while the Hang Seng Tech Index dropped 38 points to 4,700.
- Active heavyweights experienced mixed movements, with XIAOMI gaining over 6% and MEITUAN rising over 3%.
- Meanwhile, TINGYI, COSCO SHIP HOLD, and GENSCRIPT BIO all hit new highs during the session.
- On August 17, Hong Kong stocks closed higher collectively, with the Hang Seng Index up 1.34% to 25453.23 points and a total turnover of approximately 2108 billion HKD.
- Semiconductors, shipping, non-ferrous metals, and automotive sectors strengthened significantly due to positive earnings, geopolitical factors, and commodity price trends, while domestic property stocks declined against the market trend.
- Specific sectors saw notable movements, such as semiconductor stocks rising on tech earnings and index expansion expectations, and Geely Automobile surging nearly 5% following a 46% increase in core interim profit.
- Hong Kong stocks rebounded strongly after 4 consecutive days of decline, with the Hang Seng Index rising 412 points or 1.64% to 25529 points and reclaiming the 100-day moving average.
- Semiconductors, shipping, financials, and auto stocks led the market gains, driven by factors including AI demand, tight shipping capacity, and positive corporate earnings such as Geely Auto reporting a 46% rise in core profit.
- SenseTime surged over 10% to achieve its first-ever profitability since listing, while overall market turnover reached nearly 1182 billion Hong Kong dollars during the morning session.