HSI Ends Down 6 pts as MEITUAN-W Tumbles 6%+; Innovative Drug Stocks and Kingboard Series Up against Mkt
AASTOCKS News·- The HSI closed down 6 pts or 0.02% at 25,511 with a full-day turnover of HKD 254.079 billion, while major tech stocks experienced mixed performances. - MEITUAN-W dropped 6.65% as the worst-performing blue chip, whereas BABA-W rose 1.51% following increased holdings by its executives. - Innovative drug stocks and the Kingboard series rallied strongly against the market trend, bolstered by favorable broker ratings and corporate results.HSI Turns Lower at Midday by 64 pts; MEITUAN-W Slumps 6%+; XPENG-W Slides ~10% After Results; Kingboard Series Rallies
AASTOCKS News·- The HSI turned lower at midday on August 25, closing down 64 pts at 25,453 with a market turnover of HKD126.755 billion. - Major tech and electric vehicle stocks experienced declines, led by XPENG-W plummeting nearly 10% due to a widened 2Q26 adjusted net loss of RMB1.237 billion and MEITUAN-W sliding 6.53%. - Conversely, Wuxi series and Kingboard series rallied strongly following upbeat analyst target price upgrades and corporate results.MSCI China Index Adds Z.AI and KINGBOARD HLDG
AASTOCKS News·- MSCI announced the results of its quarterly review, adding 33 stocks and removing 32 stocks from the MSCI China Index. - Key additions to the index include companies such as Z.AI and KINGBOARD HLDG, while notable removals feature GCL TECH and KINGDEE INT'L. - The index adjustments are scheduled to take effect after the market close on August 31.