CMOC Group reports 1H results
businessinsider·
HSI Closes Midday at 25,881, Up 28 pts; HSTI Closes Midday at 4,938, Up 53 pts; CMOC Up over 7%; TECHTRONIC IND, LEE & MAN PAPER Hit New Highs
AASTOCKS News·- At the midday close, the HSI rose 28 pts to 25,881, while the HSTI climbed 53 pts to 4,938 and the HSCEI gained 21 pts to 8,595. - Active heavyweights showed mixed movements, with BABA up 2.3% and TENCENT up 1.3%, whereas XIAOMI fell 0.3% and MEITUAN dropped 0.1%. - Key constituents experienced significant gains, led by CMOC surging 7.1% and TECHTRONIC IND hitting a new high up 6.6%.HSI Opens Down 278 pts; BABA-W Dives 3%; TENCENT Down Over 1%
AASTOCKS News·- Escalating tensions in the Middle East and declines in Alphabet Inc. and Tesla, Inc. shares led to a drop of 1% to 2% in major US stock indices. - The Hang Seng Index opened down 1.1%, with notable declines in leading tech stocks such as Alibaba and Tencent. - Despite the broader market downturn, Brent oil prices rose above USD 100 per barrel, boosting some oil stocks, while resource and metal stocks fell significantly.