HSI1 25,937.49 +269.46 240.28B
HSCEI1 8,621.84 +90.26 59.11B
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HSI Up 185 Pts at Half-day; BABA-W Leaps 2%; CN Home, Pharmas Advance; GUOTAI JUNAN I Soars 36%
2026-08-10 12:33:27
This morning (10th), the HSI opened up 137 pts and once elevated more than 200 pts in early trading. At midday, it concluded at 25,853, up 185 pts or 0.72%, with turnover of HKD140.799 billion. The HSTECH closed at 4,876, up 17 pts or 0.37%, while the HSCEI finished at 8,587, up 56 pts or 0.66%.

Dotcom bellwethers were mixed. BABA-W (09988.HK) jumped up 2.1%; XIAOMI-W (01810.HK) and MEITUAN-W (03690.HK) gained less than 1%; while TENCENT (00700.HK) edged down 0.08%.

After a US court preliminarily barred the Department of Defense from placing WUXI APPTEC (02359.HK) on the list of Chinese military companies, brokers expected the move to remove short-term uncertainties. Biotech and pharmaceutical stocks broadly advanced. WUXI APPTEC (02359.HK) rallied 2.86%; WUXI BIO (02269.HK) rose 1.22%; WUXI XDC (02268.HK) swelled 2.02%. INNOVENT BIO (01801.HK) surged 3.11%; BEONE MEDICINES (06160.HK) mounted 2.67%; and HANSOH PHARMA (03692.HK) advanced 2.37%.

Beijing unwound property market policies, and CLSA expected the housing market to bottom out faster. Chinese property stocks moved higher. YUEXIU PROPERTY (00123.HK), named a top pick by CLSA, escalated 3.14%; COUNTRY GARDEN (02007.HK) soared 8.99%; SHIMAO GROUP (00813.HK) shot up 7.35%; SUNAC (01918.HK) skyrocketed 4.31%; and CHINA JINMAO (00817.HK) mushroomed 3.72%.

Among individuals, GUOTAI JUNAN I (01788.HK) closed the half-day at HKD2.835, up 36.3%, after Guotai Haitong proposed a privatization offer at a 44% premium.
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AASTOCKS Financial News
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