HK Close | Three Major Indices All Rise Over 1%; MINIMAX Jumps Nearly 12%, Alibaba Falls 2.5% After Earnings

Tiger Newspress08-21 16:11

Market Overview

Hong Kong equities finished the Aug 21 session markedly higher. The Hang Seng Index (HSI) closed at 26,009.46, up 1.21% (▲ 310.97 points), reclaiming the 26,000 threshold. The Hang Seng China Enterprises Index (HSCEI) added 1.01% to 8,634.34, while the Hang Seng Tech Index (HSTECH) advanced 1.40% to 4,766.16. Broader small- and mid-cap strength was reflected in the Hang Seng Composite Index (HSCCI), up 1.93% to 4,292.35. Investor sentiment was buoyed by robust gains in artificial-intelligence (AI) plays and metals-related counters.

Market activity remained energetic, with total turnover reaching HK$257.28 billion. Buying interest was broadly distributed across technology, precious-metal miners, and specialty chemicals, offsetting pockets of weakness in selected healthcare and aviation names.

Sector Performance

Large-cap Tech Stocks

AI-linked names outperformed: MINIMAX-W (00100) +11.86% and Z.AI (02513) +10.36%, while mega-caps saw mixed moves—TENCENT +1.24%, XIAOMI-W +4.54%, and BABA-W ‑2.54%.

Top Performing Sectors

  • Paper Packaging +12.46%

  • Gold +6.41%

  • Specialty Chemicals +6.07%

Bottom Performing Sectors

  • Leisure Facilities -8.29%

  • Transaction & Payment Processing Services -3.72%

  • Trucking -2.92%

Top 10 Gainers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

DIAGENS-B

02526

526.00

+24.70%

JIA YAO HLDGS

01626

18.82

+20.41%

HAIZHI TECH GP

02706

50.60

+13.45%

CHIFENG GOLD

06693

45.86

+12.40%

MINIMAX-W

00100

347.20

+11.86%

TIANQI LITHIUM

09696

37.70

+11.74%

LYGEND RESOURCE

02245

18.80

+11.57%

ZHIHUI MINING

02546

21.42

+11.45%

JIAXIN INTL RES

03858

69.80

+11.32%

Z.AI

02513

1,129.00

+10.36%

Filter: Market cap>HKD10B

Top 10 Losers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

NETEASE MUSIC

09899

95.10

-15.54%

INSILICO

03696

40.62

-8.10%

ASYMCHEM

06821

119.80

-7.49%

STELLA HOLDINGS

01836

13.15

-7.07%

GIANT BIOGENE

02367

27.58

-6.82%

EVEREST MED

01952

31.44

-6.60%

LEADS BIOLABS-B

09887

71.20

-6.44%

BOC AVIATION

02588

73.05

-6.29%

AGTECH HOLDINGS

08279

1.44

-5.88%

PHANCY

06682

26.76

-5.11%

Filter: Market cap>HKD10B

Closing Summary

1. The Hang Seng Index, HSCEI, and HSTECH all finished higher on Aug 21, led by broad-based buying that propelled the HSI past the 26,000 mark. Robust turnover of HK$257.28 billion underscores active participation, suggesting investors reacted positively to intraday catalysts across technology and commodity-linked counters.

2. Within large-cap tech, sentiment was lifted by standout gains in AI platform developers MINIMAX-W (+11.86%) and Z.AI (+10.36%). Mainline internet heavyweights showed mixed closes: TENCENT (+1.24%) and XIAOMI-W (+4.54%) edged higher, whereas BABA-W (-2.54%) and MEITUAN-W (-0.99%) softened.

3. Commodity themes gained traction. Gold producers rallied, highlighted by CHIFENG GOLD (+12.40%), echoing sector news of strong intraday moves in precious-metal miners. Specialty chemicals and paper-packaging names also impressed, as evidenced by the industry table’s double-digit advances. Conversely, healthcare biotech names such as NETEASE MUSIC (-15.54%) and INSILICO (-8.10%) weighed on the broader market’s laggards list.

4. Sector data reveal pronounced strength in Paper Packaging (+12.46%) and Gold (+6.41%), while Leisure Facilities (-8.29%) and Payment Processing (-3.72%) faced pressure. Investors also focused on resource-related themes, with mining and metal plays featuring prominently among today’s top gainers. No major IPOs debuted during the session, yet heightened activity in AI-linked listings kept interest in the new-economy segment elevated.

Sources: Public market data, summarized media reports

Disclaimer: This content is for reference only and does not constitute investment advice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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