HSI Closes at 25,471, Up 17 pts; HSTI Closes at 4,739, Down 42 pts; BABA Up over 3%; OOIL, GENSCRIPT BIO, TS LINES, ABLE DIGITAL, SITC Hit New Highs; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index closed up 17 points at 25,471, while the Hang Seng Tech Index dropped 42 points to 4,739 with a total market turnover of $255.54 billion. - Major heavyweights showed mixed performances, with Alibaba rising over 3% to close at $126.7 while Tencent and Meituan declined. - Stocks including OOIL, GENSCRIPT BIO, TS LINES, ABLE DIGITAL, and SITC hit new highs during the trading session.Shanghai Composite Opens Down 3 pts; ZHONGJI INNOLIGHT Opens Nearly 3% Higher; Chinese Banks Soft
AASTOCKS News·- The RMB central parity rate was set at 6.7904 with the PBOC executing a net daily withdrawal of RMB 133 billion through open market operations. - The three major A-share indices opened mixed, as Chinese bank stocks traded soft and major photovoltaic stocks exhibited divergent movements following new trade measures. - Sector performances varied significantly with optical module players opening higher while chip and insurance stocks experienced mild declines.HK Midday: Hang Seng Inches Up 0.3%; Solar Stocks Surge, Alibaba Jumps Over 6%
Market Pulse·- On August 3, Hong Kong stocks traded narrowly, with the Hang Seng Index rising 0.32 % to 25968.00 points. - The photovoltaic sector surged collectively driven by regulatory price guidance, and AI concept stocks performed actively with Alibaba rising over 6 %. - Meanwhile, pharmaceutical stocks generally declined due to the 12 th national centralized drug procurement, and the semiconductor sector showed mixed performance.