--- title: "US stocks showed a technical rebound after a sharp drop on Thursday, as Standard Chartered Group (02888.HK) announced its H1 results" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43104537.md" description: "Hong Kong stock market trends and analysis: US stocks showed a technical rebound after a sharp drop on Thursday, with all three major indices closing higher. The US dollar weakened, the yield on the 10-year US Treasury bond remained at 4.67%, gold prices performed well, while oil prices fluctuated downward. Hong Kong-listed depositary receipts generally performed well, and the broader market is expected to follow suit with a gap up in the early session. Mainland China's stock market fell yesterday; the Shanghai Composite Index opened high but closed lower, ending down 0.6%, with trading volume in both Shanghai and Shenzhen markets increasing. The Hong Kong market saw intense bullish-bearish contention yesterday. Despite rising expectations for Federal Reserve rate hikes and significant adjustments in overseas stock markets, these factors did not impact the HK market trend. The broader market opened high yesterday and briefly surged to the 26,000-point level..." datetime: "2026-07-31T03:03:58.000Z" locales: - [en](https://longbridge.com/en/topics/43104537.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43104537.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43104537.md) author: "[知见观市](https://longbridge.com/en/profiles/2077959360188862464.md)" --- # US stocks showed a technical rebound after a sharp drop on Thursday, as Standard Chartered Group (02888.HK) announced its H1 results **Hong Kong Stock Market Trends and Analysis** US stocks showed a technical rebound after a sharp drop on Thursday, with all three major indices closing higher. The US dollar weakened, while the yield on the 10-year US Treasury bond remained at 4.67%. Gold prices performed well, whereas oil prices fluctuated downwards. Hong Kong depositary receipts generally improved, suggesting the broader market is expected to open higher in the early session. Mainland China's stock market fell yesterday; the Shanghai Composite Index opened high but closed lower, dropping 0.6%, while trading volumes in both the Shanghai and Shenzhen markets increased. The Hong Kong market saw intense bullish-bearish contention yesterday. Despite rising expectations for Federal Reserve rate hikes and significant adjustments in overseas stock markets, these factors did not impact the local market trend. The index opened high, briefly surged to the 26,000-point level, then experienced volatile movements, ultimately closing with a moderate gain. Overall trading activity remained active. Blue-chip stocks developed individually; tech and internet stocks showed mixed performance, AI concept stocks continued to face pressure, while oil stocks rose benefiting from favorable oil prices. The Hong Kong market demonstrated resilience as funds exited AI concept stocks and rotated into value stocks, supporting market performance. The index is expected to test the 26,200-point level, with support around 25,000 points. **Industry News** Standard Chartered (02888.HK) announced its first-half results. Pre-tax accounting profit reached $4.784 billion, a year-on-year increase of 9.15%; basic earnings per share rose 17% to $1.52; interim dividends were paid at 20.4 US cents per share, a significant 66% increase compared to the same period last year. Return on tangible equity increased by 120 basis points to 17.6%, reflecting profit growth, although partially offset by increases in average tangible equity and higher costs for additional tier-1 capital coupons. Accounting-based operating income for the first half reached $11.604 billion, up 6.4% year-on-year, setting a new record. Net interest income grew 4% to $5.7 billion, while non-interest income rose 8% to $5.9 billion; net interest margin decreased slightly by 1 basis point to 2.04%. Operating expenses grew only 1%, indicating good cost control. Credit impairment expenses for the period were $446 million, an increase of $110 million year-on-year. Of this, $296 million came from wealth management and retail banking, and $150 million from corporate and investment banking, primarily due to general additional provisions related to the Middle East conflict. The group completed a $1.5 billion share buyback in the first half and announced the launch of a new $1 billion buyback program, which is expected to reduce the common equity tier 1 capital ratio by approximately 38 basis points. The group stated that first-half results were record-breaking, with double-digit growth in both wealth solutions and global banking businesses, highlighting Standard Chartered's unique international network advantages and rigorous execution strategy. Clients continue to conduct trade, investment, and wealth flows through Standard Chartered across multiple dynamic markets globally. In terms of regional performance, pre-tax profit in the Hong Kong region reached $1.61 billion, up 13.22% year-on-year; operating income was $3 billion, up 6.99%; credit impairments decreased by 24.4% to $127 million. Pre-tax profit in the China region decreased by 65.88% year-on-year to $101 million, with operating income falling 19.85% to $537 million. In other major markets, UK pre-tax profit surged 10.2 times to $504 million; India rose 43.3% to $417 million; South Korea rose 75.76% to $290 million; Singapore fell 35.08% to $483 million; the UAE fell 13.17% to $277 million; and the US fell 33.22% to $201 million. Looking ahead, Standard Chartered revised its full-year 2026 guidance. Based on fixed exchange rates and excluding major one-off items, operating income is expected to grow by approximately 5% to 7% year-on-year, with net interest income projected to see low single-digit percentage growth; expenses are expected to be around $13.3 billion; and return on tangible equity will exceed 12%. Overall, Standard Chartered's first-half results demonstrate robust growth momentum, particularly the strong performance in wealth management and global banking, coupled with proactive capital return measures, further driving valuation upward. Kwok Ka Yiu, CFA Director of Business Development, Family Office, Harbour Group Date: Friday, July 31, 2026 (The author is a licensed person regulated by the Securities and Futures Commission. Neither the author nor related persons hold any of the aforementioned shares.) ### Related Stocks - [02888.HK](https://longbridge.com/en/quote/02888.HK.md) - [STAN.UK](https://longbridge.com/en/quote/STAN.UK.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md)