Singapore stocks fall on Thursday; STI down 0.4%
Businesstimes News·
HSI Ends Up 203 Pts; KUAISHOU-W Dives 11%; mRNA Concept Stocks Swell
AASTOCKS News·- The Hong Kong stock market closed higher on August 20, with the Hang Seng Index up 203 pts or 0.8% at 25,698 and a total turnover of HKD 269.119 billion. - KUAISHOU-W plunged 11.01% as its 2Q adjusted profit slid 30.3% YoY, while SBP GROUP surged 12.53% following a better-than-expected interim profit report. - mRNA concept stocks rallied significantly after Moderna's cancer vaccine breakthrough, driving strong gains in related pharmaceutical firms like EVEREST MED and CANSINOBIO.HSI Gains 291 pts at Half-day; KUAISHOU-W Slumps Nearly 10% After Results; SBP GROUP Surges 16% After Results; Innovative Drug, Gold Mining Stocks Rally
AASTOCKS News·- Hong Kong stocks closed higher at midday on August 20, 2026, with the Hang Seng Index up 291 points or 1.14% at 25,786. - The morning session featured significant market movements, including a 9.74% slump in Kuaishou-W following weak results and a 16.18% surge in Sbp Group driven by strong interim profit. - Innovative drug and gold mining stocks rallied broadly, supported by external pharmaceutical clinical trial breakthroughs and spot gold prices breaking above USD4,500 per ounce.HSI Up 291 pts; HSTI Up 72 pts; XIAOMI Up over 3%; WUXI BIO, WUXI APPTEC, BEIGENE, OOIL, TINGYI Hit New Highs
AASTOCKS News·- At the midday close, the Hang Seng Index rose 291 points to reach 25,786, while the Hang Seng Tech Index increased by 72 points to 4,754. - Major heavyweights such as XIAOMI, BABA, and TENCENT recorded solid gains alongside broader market movements. - Stocks including WUXI BIO, WUXI APPTEC, BEIGENE, OOIL, and TINGYI hit new highs during the trading session.HSI Opens Up 284 Pts; BABA-W Gains ~2% Ahead of Results, KUAISHOU-W Dives 4%+
AASTOCKS News·- Hong Kong stocks opened higher on August 20 following US market gains, with the HSI rising 284 pts or 1.11% to 25,779. - Large-cap tech shares mostly advanced alongside strong performances in pharmaceutical, biotech, and gold mining stocks. - Individual stock movements included BABA-W gaining nearly 2% ahead of results, KUAISHOU-W dropping over 4% due to a profit decline, and spot gold surpassing USD 4,500 per ounce.Singapore stocks decline on Wednesday; STI down 0.1%
Businesstimes News·HSI Gains 62 pts at Midday; XIAOMI-W, HK & CHINA GAS Leap ~7% After Results; BIDU-SW Plunges ~12%; CHINA UNICOM Dives ~8%
AASTOCKS News·- The Hong Kong Hang Seng Index closed the morning session up 62 pts or 0.24% at 25,533 pts with a half-day turnover of about HKD 129.251 billion. - Individual stock movements were heavily driven by earnings releases, with XIAOMI-W and HK & CHINA GAS soaring nearly 7% after beating expectations. - Conversely, BIDU-SW plunged 11.77% following a 68% drop in 2Q profit, while chip makers suffered steep losses amid weak overseas markets.