HSI Opens Up 284 Pts; BABA-W Gains ~2% Ahead of Results, KUAISHOU-W Dives 4%+
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index opened up 284 points, driven by gains in large-cap tech stocks like Tencent and Alibaba ahead of earnings reports. While most tech giants rose, Kuaishou dipped over 4% due to profit declines. The pharmaceutical sector surged following Moderna's vaccine breakthrough, with CSPC Pharma and Wuxi Bio leading gains. Additionally, gold mining stocks rallied as spot gold prices exceeded USD 4,500 per ounce.
US stocks ended a three-day losing streak overnight, with the three major indices growing about 0.2%. This morning (20th), the HSI opened at 25,779, up 284 pts or 1.11%; the HSCEI opened at 8,579, up 107 pts or 1.27%; and the HSTECH opened at 4,761, up 79 pts or 1.69%.
Large-cap techs broadly advanced. TENCENT (00700.HK) +3.000 (+0.671%) Short selling $1.36B; Ratio 15.397% rose 1.66%; BABA-W (09988.HK) +1.100 (+0.886%) Short selling $1.71B; Ratio 19.384% opened 1.93% higher ahead of results; MEITUAN-W (03690.HK) +1.050 (+1.206%) Short selling $587.45M; Ratio 18.320% and JD-SW (09618.HK) +3.100 (+2.753%) Short selling $208.89M; Ratio 19.682% gained over 2%; BIDU-SW (09888.HK) +1.650 (+1.834%) Short selling $853.03M; Ratio 25.260% opened 0.78% higher; KUAISHOU-W (01024.HK) -4.300 (-11.376%) Short selling $982.29M; Ratio 31.261% opened 4.76% lower after its 2Q adjusted profit sagged 30.3% YoY.
Moderna, Inc. (MRNA.US) spiked 176% overnight after its mRNA cancer vaccine achieved a major breakthrough in late-stage clinical trials. The news boosted Hong Kong pharmaceutical and biotech stocks. CSPC PHARMA (01093.HK) +1.135 (+13.069%) Short selling $81.69M; Ratio 13.872% opened 9.38% higher; WUXI BIO (02269.HK) +1.940 (+4.050%) Short selling $299.09M; Ratio 19.334% rallied 7.52%; INNOVENT BIO (01801.HK) +3.250 (+3.308%) Short selling $180.55M; Ratio 9.842% soared 4.22%; WUXI APPTEC (02359.HK) +4.800 (+2.376%) Short selling $280.27M; Ratio 28.181% and BEONE MEDICINES (06160.HK) +9.000 (+4.025%) Short selling $157.62M; Ratio 16.580% leaped over 2%; SBP GROUP (01177.HK) +0.820 (+17.119%) Short selling $72.66M; Ratio 31.567% surged 6.05% after reporting a 1.4% increase in interim profit and a higher dividend payout.
Spot gold once busted above USD4,500 per ounce, lifting gold mining stocks. ZIJIN MINING (02899.HK) +2.360 (+6.762%) Short selling $142.44M; Ratio 10.258% mounted 4.41%; ZIJIN GOLD INTL (02259.HK) +16.800 (+12.603%) Short selling $190.69M; Ratio 22.324% shot up 8.78%; LINGBAO GOLD (03330.HK) +2.160 (+9.800%) Short selling $31.26M; Ratio 8.198% escalated 7.17%; and SD GOLD (01787.HK) +2.380 (+9.966%) Short selling $76.99M; Ratio 9.775% swelled 6.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-19 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)