HSI1 25,584.79 0.00 --
HSCEI1 8,490.39 0.00 --
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HSI Opens Down 155 pts; BABA-W Slips 2%; SHIMAO GROUP Opens Down 10% on Winding-up Petition
2026-08-28 09:39:42
The three major US stock indices closed higher, with the Nasdaq gaining more than 1%, driven by an 8.7% surge in NVIDIA Corporation (NVDA.US) after strong earnings results.

This morning (28th), the HSI opened at 25,410, down 155 points or 0.61%; the HSTECH opened at 4,580, down 39 points or 0.85%; and the HSCEI opened at 8,425, down 64 points or 0.76%.

Among major techs, BABA-W (09988.HK) lost 2.08%; MEITUAN-W (03690.HK), JD-SW (09618.HK) and BIDU-SW (09888.HK) shed more than 1%; while TENCENT (00700.HK) lost 0.85%.

Among blue chips, OOIL (00316.HK) opened 5.5% lower after its 1H profit dropped nearly 24%; HAIER SMARTHOME (06690.HK) slid 3.55% after results; SMIC (00981.HK) rose 0.42% after its interim net profit spiked 1.1x; CHINA LIFE (02628.HK) added 0.82% after interim dividend jumped up 50%; INNOVENT BIO (01801.HK) dived 2.14% after Temasek reduced its stake to below 5%.

Several Chinese banks are set to announce results shortly. ABC (01288.HK) faded 1.36%; BANK OF CHINA (03988.HK) opened 0.45% lower; ICBC (01398.HK) opened down 1.01%; and BANKCOMM (03328.HK) opened down 1.66%.

Among individuals, BILIBILI-W (09626.HK) gained 1.77% after adjusted net profit for the previous quarter climbed 25%; SHIMAO GROUP (00813.HK) faced another winding-up petition, with shares opening 10.45% lower.
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AASTOCKS Financial News
Website: www.aastocks.com