Shanghai Composite Opens Down 3 pts; ZHONGJI INNOLIGHT Opens Nearly 3% Higher; Chinese Banks Soft
AASTOCKS News·- The RMB central parity rate was set at 6.7904 with the PBOC executing a net daily withdrawal of RMB 133 billion through open market operations. - The three major A-share indices opened mixed, as Chinese bank stocks traded soft and major photovoltaic stocks exhibited divergent movements following new trade measures. - Sector performances varied significantly with optical module players opening higher while chip and insurance stocks experienced mild declines.HK Midday: Hang Seng Inches Up 0.3%; Solar Stocks Surge, Alibaba Jumps Over 6%
Market Pulse·- On August 3, Hong Kong stocks traded narrowly, with the Hang Seng Index rising 0.32 % to 25968.00 points. - The photovoltaic sector surged collectively driven by regulatory price guidance, and AI concept stocks performed actively with Alibaba rising over 6 %. - Meanwhile, pharmaceutical stocks generally declined due to the 12 th national centralized drug procurement, and the semiconductor sector showed mixed performance.CICC: For HSI Review, ZIJIN GOLD INTL, Z.AI, MINIMAX-W and Others Meet Inclusion Criteria
AASTOCKS News·- CICC released a report stating that companies such as ZIJIN GOLD INTL, Z.AI, and MINIMAX-W meet the inclusion criteria for the upcoming Hang Seng Index review on August 21. - The broker calculated rankings based on market capitalization, industry representation, and coverage, placing several firms near the top of the potential candidate list. - CICC noted that historical experience shows actual results often differ from quantitative rankings due to subjective inclusion criteria like industry representation.HSI Up 346 pts; HSTI Up 104 pts; XIAOMI Up over 9%; TENCENT Up over 4%; MENGNIU DAIRY, MIDEA GROUP, ICBC Hit New Highs
AASTOCKS News·- At the midday close, Hong Kong stocks rose broadly, with the Hang Seng Index increasing by 346 pts or 1.4% to 25,657 and the Hang Seng Tech Index gaining 104 pts or 2.2% to 4,834. - Major heavyweights and constituents posted strong gains, led by XIAOMI surging over 9% and LI AUTO climbing 10.1%. - Meanwhile, MENGNIU DAIRY, MIDEA GROUP, and ICBC hit new highs during the trading session.HSI Closes at 25,310, Up 103 pts; HSTI Closes at 4,730, Up 28 pts; LAOPU GOLD Down over 23%; CCB, MIDEA GROUP, ICBC, BOC HONG KONG, DAHSING BANKING Hit New Highs; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index (HSI) rose by 103 points, or 0.4%, closing at 25,310, with a total market turnover of $250.63 billion. - Notable gainers included Xiaomi and Meituan, while Laopu Gold suffered a significant drop of 23.8%. - Short selling activity remained high, particularly in heavyweights like CCB and Tencent, indicating a mixed sentiment in the market.