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Hong Kong Market Brief | The Hang Seng Index rose 0.45%, while the Tech Index closed nearly flat; biotech and auto stocks rallied across the board, with CanSino Biologics up nearly 6% and Leapmotor surging more than 4%.
Tech stocks broadly declined, with Xiaomi Group-W up 3.03% and Kuaishou-W down 2.18%; biotech stocks delivered strong performance, with Noah Health rising 14.55% and InnoCare Bio-B gaining 10.20%; pharmaceutical stocks saw across-the-board gains, with Hansoh Pharmaceutical up 5.13% and Sansheng Biopharma advancing 5.05%.
Hong Kong Stock Market Midday Review | All three major indices rose, with the Hang Seng Index up 0.35%; biotech stocks delivered strong performance, with Noah Health surging nearly 11% and Cansino Biologics gaining nearly 5%; Lenovo Group advanced nearly 5%, while Xiaomi climbed nearly 3%.
Tech stocks were mixed, with Xiaomi Group-W up 2.88% and SenseTime-W down 2.67%; biotech shares advanced, with Noah Health up 10.64% and InnoCare Bio-B up 6.22%; pharmaceutical stocks also strengthened, with Sansheng Pharmaceutical up 4.99% and Hutchison China MediTech up 4.01%;
Futu Morning Brief | The AI "Big Three" support slowing down research, while Trump emphasizes maintaining U.S. leadership in AI; the Federal Reserve will announce its interest-rate decision this week, and Hassett says there is no reason to raise rates; Tesla will unveil a next-generation supercar, and Zhipu has announced financing arrangements totaling approximately $5 billion.
Altman said OpenAI will not go public this year, emphasizing that AI safety issues must be addressed first; Anthropic has chosen the Nasdaq as the venue for its IPO.
Weekly Outlook | A Super Central Bank Week and China's August Economic Data Are Coming; on Monday, Iran will hold talks with Gulf states on the Hormuz Agreement, while the Korea Exchange launches after-hours stock trading; on Wednesday, the CLARITY Act faces a pivotal vote; and on Friday, U.S. stocks enter Triple Witching Day.
On September 11, Republican senators in the U.S. Senate unveiled a revised version of the CLARITY Act, just days before its first procedural vote on September 15. Senator Cynthia Lummis and other Republican lawmakers released a 630-page amended bill on Thursday, stating that it incorporates 114 amendments proposed by Democrats and emphasizing that the legislation aims to establish the United States' first comprehensive regulatory framework for the cryptocurrency market.
Hong Kong Stock Market Outperformers This Week | Strong IPO Performance! UDI Robotics surged over 188% in its first week of listing, driven by robust growth in its RaaS business; Jinhai Medical Technology rose 50%, with potential inclusion in the Stock Connect expected to enhance liquidity.
Editor's Note:Top Performers in Hong Kong and U.S. Stocks This WeekThis column closely tracks market developments on a weekly basis, reviewing the weekly performance of Hong Kong and US stock markets.
HK Market Quick Look | The three major indices declined, with the Hang Seng TECH Index down 0.23%; internet and technology stocks mostly rose, with Xiaomi up nearly 2%; most non-ferrous metal and optical communication stocks fell, with Jiangxi Copper shar
Internet and technology stocks rose, with Xiaomi Group-W up 1.70% and Kuaishou-W down 1.26%. Most gold stocks declined, with Zijin Mining falling 6.75% and Zijin Gold International dropping 2.56%. Property developer stocks fell broadly, with Sun Hung Kai Properties down 7.28% and Longfor Group down 5.42%.