HSI1 26,009.46 0.00 --
HSCEI1 8,634.34 0.00 --
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HSI Opens Up 284 Pts; BABA-W Gains ~2% Ahead of Results, KUAISHOU-W Dives 4%+
2026-08-20 09:39:48
US stocks ended a three-day losing streak overnight, with the three major indices growing about 0.2%. This morning (20th), the HSI opened at 25,779, up 284 pts or 1.11%; the HSCEI opened at 8,579, up 107 pts or 1.27%; and the HSTECH opened at 4,761, up 79 pts or 1.69%.

Large-cap techs broadly advanced. TENCENT (00700.HK) rose 1.66%; BABA-W (09988.HK) opened 1.93% higher ahead of results; MEITUAN-W (03690.HK) and JD-SW (09618.HK) gained over 2%; BIDU-SW (09888.HK) opened 0.78% higher; KUAISHOU-W (01024.HK) opened 4.76% lower after its 2Q adjusted profit sagged 30.3% YoY.

Moderna, Inc. (MRNA.US) spiked 176% overnight after its mRNA cancer vaccine achieved a major breakthrough in late-stage clinical trials. The news boosted Hong Kong pharmaceutical and biotech stocks. CSPC PHARMA (01093.HK) opened 9.38% higher; WUXI BIO (02269.HK) rallied 7.52%; INNOVENT BIO (01801.HK) soared 4.22%; WUXI APPTEC (02359.HK) and BEONE MEDICINES (06160.HK) leaped over 2%; SBP GROUP (01177.HK) surged 6.05% after reporting a 1.4% increase in interim profit and a higher dividend payout.

Spot gold once busted above USD4,500 per ounce, lifting gold mining stocks. ZIJIN MINING (02899.HK) mounted 4.41%; ZIJIN GOLD INTL (02259.HK) shot up 8.78%; LINGBAO GOLD (03330.HK) escalated 7.17%; and SD GOLD (01787.HK) swelled 6.2%.
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