Hong Kong stocks closed (08.26) | The Hang Seng Index closed up 0.56%, and more high-performing stocks surged, copper ore stocks and Chinese brokerage stocks had the highest gains

The Zhitong Finance App learned that the three major indices of Hong Kong stocks rose collectively today. Overnight, the US and Iran sent a signal of easing over the Hormuz Strait navigation. Yields on US dollars and US bonds weakened, and global risk appetite rebounded. At the close, the Hang Seng Index rose 0.56% or 141.87 points to 25652.97 points, with a full-day turnover of HK$254.824 billion; the Hang Seng State-owned Enterprises Index rose 1.05% to 8533.84 points; and the Hang Seng Technology Index rose 0.82% to 4626.15 points.

Wanlian Securities pointed out that overseas markets are increasingly divided over expectations of the Federal Reserve's interest rate hike. Domestic macro-liquidity remains relaxed. Based on domestic and international conditions, macro-liquidity in Hong Kong is expected to be generally stable. In terms of profit, several companies issued interim reports, and profits of financial sector and semiconductor-related companies improved significantly. In the future, we need to pay attention to the impact of monetary policy changes in the world's major central banks on the liquidity of Hong Kong stocks.

Blue-chip stock performance

Cinda Biotech (01801) led the blue chip increase. At the close, it rose 9.69% to HK$109.8, with a turnover of HK$4.503 billion. Contributed 24.47 points. Cinda Biotech released its semi-annual report, measured according to International Financial Reporting Standards (IFRS): total revenue of 8.618 billion yuan, up 44.8% year on year; profit for the period was 1,253 billion yuan, up 50.2% year on year. Net profit for the first half of the year has already exceeded the full year level of 2025. This strong performance is due to the continued effectiveness of the “two-wheel drive” strategy for oncology and chronic diseases.

In terms of other blue-chip stocks, Anta Sports (02020) rose 9.53% to HK$78.75, contributing 14.58 points to the Hang Seng Index; Haidilao (06862) rose 7.36% to HK$12.25, contributing 2.44 points to the Hang Seng Index; Shenzhou International (02313) fell 7.78% to HK$37.94, dragging down the Hang Seng Index by 3.97 points; China Resources Beer (00291) fell 2.2% to HK$20.42, dragging down the Hang Seng Index by 1.12 points.

Popular sector aspects

On the market, most of the large science and network stocks flourished. Ma Yun and Cai Chongxin continued to increase their holdings, and Alibaba rose more than 2%; intensive disclosure of the interim report came to an end, with high-performing stocks such as Anta, Cinda Biotech, and Cambridge Technology surging; copper mining stocks had the highest gains, with Luntong and Niutong reaching record highs; there was a surge in brokerage reports, and Chinese brokerage stocks collectively exploded. On the other side, the easing of the US and Iran caused oil prices to drop sharply, and oil and gas stocks fell under pressure; water stocks, CRO concepts, etc. fell ahead.

Copper stocks had the highest gains. At the close, Jiangxi Copper (00358) rose 9.92% to HK$39.9; China Nonferrous Mining (01258) rose 9.9% to HK$17.2; and Luoyang Molybdenum (03993) rose 7.3% to HK$18.09.

Overnight, LME copper closed at 14324.5 US dollars/ton, a record high in closing prices. China Federation Minsheng Securities pointed out that capital expenditure on copper mines is insufficient and supply-side disturbances are frequent. The copper supply and demand pattern will shift from a tight balance to a shortage, and copper prices are expected to rise in the medium to long term; BOC Securities believes that the fragility of Chilean copper supply is increasing global supply constraints, and institutions judge that the copper-aluminum reversal logic is expected to gradually be realized. It is worth mentioning that Jiangxi Copper Co., Ltd. released its semi-annual report last night, showing that revenue for the first half of the year was about 305.854 billion yuan, up 19.46% year on year; profit attributable to shareholders of the parent company was about 8.897 billion yuan, up 99.91% year on year.

Most Chinese brokerage stocks rose. At the close, CICC (03908) rose 8.25% to HK$22.3; China Merchants Securities (06099) rose 6.59% to HK$15.7; CITIC Securities (06030) rose 6.39% to HK$27.64; and CITIC Construction Investment Securities (06066) rose 4.87% to HK$12.06.

A number of listed brokerage firms have successively disclosed their interim financial reports, and the securities industry's performance has entered the centralized cashout stage. As of August 25, a total of 20 listed brokerage firms have announced their results for the first half of 2026. Zhongtai Securities saw the biggest increase in net profit in the first half of the year, at 146.38%. Last night, China Merchants Securities released its semi-annual report showing that, benefiting from investment in science and innovation, its net profit to mother doubled year-on-year in the first half of the year. Industry insiders believe that the allocation value of the brokerage sector is expected to increase further, and that the excess income opportunities of leading brokerage firms are worth paying attention to. Furthermore, considering the active development policy of the securities industry, a number of high-quality and characteristic brokerage firms are also expected to stand out.

Interim report disclosures have entered an intensive period, and the trend of high-performing stocks is bright. At the close, H&H International Holdings (01112) rose 18.88% to HK$17.63; Chizicheng Technology (09911) rose 12.98% to HK$8.88; Zhongan Online (06060) rose 12.73% to HK$12.31; Cinda Biotech (01801) rose 9.69% to HK$109.8; and Anta Sports (02020) rose 9.53% to HK$78.75.

H&H International Holdings achieved revenue of about 8.696 billion yuan in the first half of the year, an increase of 23.9% year on year; net profit of about 611 million yuan, an increase of about 7.6 times year on year. An interim interest rate of HK$0.82 was distributed, an increase of 3.32 times over the previous year; driven by “globalization+AI”, Chizicheng Technology achieved total revenue of US$607 million in the first half of the year, an increase of about 37.0%; profit attributable to equity shareholders of about US$99 million, an increase of about 45.8% year on year; profit attributable to shareholders of Zhongan Online in the first half of the year increased 1.3 times year on year, achieving insurance service revenue of 16.989 billion yuan; multi-brand matrices collaborated to achieve a record high of Anta's performance in the first half of the year.

Oil and gas stocks are generally under pressure. At the close, Shandong Molong (00568) fell 4.81% to HK$4.455; CNOOC (02883) fell 2.5% to HK$7.215; and CNPC (00857) fell 1.39% to HK$9.92.

Geographical mitigation signals were released intensively, and the crude oil market “changed.” According to reports, sources from the Pakistani military and Iranian security services sent a big signal: “A consensus was reached on a cease-fire agreement, which includes provisions for free navigation in the Strait of Hormuz.” The two sides are expected to announce relevant news within the next few days. According to the Islamabad Memorandum, negotiations and a round of technical meetings will commence. Iran and Oman issued a joint statement on the 25th to establish a safe maritime channel jointly agreed upon by both parties in the Strait of Hormuz. Meanwhile, US President Trump said that all mines in the “international waters” of the Strait of Hormuz have been cleared or detonated.

Popular exotic stocks

Cansino Bio (06185) has been strong throughout the day. At the close, it was up 25.99% to HK$35.68.

Cansino Biotech's subsidiary Cansino Shanghai and Depus Biotech signed a strategic cooperation framework agreement for the joint development of personalized mRNA oncology vaccines. The two sides will use their respective advantages in mRNA vaccine technology and the discovery and design of novel tumor antigens to jointly promote R&D and commercialization.

Xiaopeng Group-W (09868) rebounded higher. At the close, it was up 7.81% to HK$46.68.

Xiaopeng Group's humanoid robot business, Pengxing, has completed the first round of financing of more than 900 million US dollars, and its post-investment valuation has exceeded 6.3 billion US dollars, breaking the record for a single round of private equity financing in China's physical intelligence industry. IDG Capital led the investment, and investors such as Tencent and Ali participated. Dongwu Securities is optimistic about robotic financing to begin a revaluation.

Beijing Holdings Water Group (00371) plummeted in the afternoon. At the close, it was down 17.56% to HK$1.69.

Beikong Water Group's revenue for the first half of the year was RMB 9.881 billion, a year-on-year decrease of 5.62%; the company's shareholders should account for profit of 688 million yuan, a year-on-year decrease of 23.31% due to a decrease in revenue contributions from technical services and equipment sales and BOT water project construction services. It is proposed to pay an interim dividend of HK5.54 cents per share, compared to HK7.35 cents in the same period last year.

Shenzhou International (02313) came under pressure after the results. At the close, it was down 7.78% to HK$37.94.

Shenzhou International's mid-term revenue fell 5.3% year on year, and net profit fell 40% year on year. According to Bank of America Securities, it is mainly affected by exchange rates, labor costs, raw material costs, and tariffs. Exchange losses during the period amounted to RMB 506 million, compared with an exchange gain of RMB 126 million recorded in the same period last year.