- Li Chen
- 27 Aug, 2025
- Hong Kong
Benchmark indexes in China and Hong Kong struggled to advance amid ongoing trade tensions.
The Hang Seng Index decreased 0.1%, and the CSI 300 index gained 0.7%, as investors reviewed the latest batch of earnings.
Tech stocks in Hong Kong gained after the AI chipmaker Cambricon reported a significant improvement in profitability, following a multi-fold surge in revenues during the first half of the year.
Despite the looming trade tensions and the rate uncertainty, investors remained focused on the latest corporate announcements.
China Indexes and Stocks
The Hang Seng Index decreased 0.01% to 25,521.54, and the CSI 300 index added 0.7% to 4,484.67.
Cambricon Technologies Corp. advanced 6% to ¥1,408.90 after the AI chipmaker reported revenue in the first half soared 44-fold to 2.9 billion yuan.
The net income swung to a profit of 1.03 billion yuan, driven largely by the surge in local demand for AI chips.
Nongfu Spring Company jumped 6% to HK $50.10, and the bottled water company reported a sharp increase in profit in the first half.
Total revenue increased 15.6% to 25,622 million yuan, profit attributable to the owners of the parent advanced 22.1% to 7,622 million yuan, and basic earnings per share increased 22% to 0.677 yuan.
Horizon Robotics gained 2.4% to HK $8.07, ahead of the earnings report later on Wednesday from the AI-chipmaker for self-driving cars.
China Resources Lifestyle Mixc Limited declined 7% to HK 38.620 after the mainland-focused commercial real estate services provider announced its interim results.
Revenue in the first six months increased 6.5% to 8.5 billion yuan from 8.0 billion yuan, net income advanced 7.4% to 2.03 billion yuan, and basic earnings per share rose to 89.0 HK cents from 82.8 cents a year ago.
- Li Chen
- 27 Aug, 2025
- Hong Kong
Benchmark indexes in China and Hong Kong struggled to advance amid ongoing trade tensions.
The Hang Seng Index decreased 0.1%, and the CSI 300 index gained 0.7%, as investors reviewed the latest batch of earnings.
Tech stocks in Hong Kong gained after the AI chipmaker Cambricon reported a significant improvement in profitability, following a multi-fold surge in revenues during the first half of the year.
Despite the looming trade tensions and the rate uncertainty, investors remained focused on the latest corporate announcements.
China Indexes and Stocks
The Hang Seng Index decreased 0.01% to 25,521.54, and the CSI 300 index added 0.7% to 4,484.67.
Cambricon Technologies Corp. advanced 6% to ¥1,408.90 after the AI chipmaker reported revenue in the first half soared 44-fold to 2.9 billion yuan.
The net income swung to a profit of 1.03 billion yuan, driven largely by the surge in local demand for AI chips.
Nongfu Spring Company jumped 6% to HK $50.10, and the bottled water company reported a sharp increase in profit in the first half.
Total revenue increased 15.6% to 25,622 million yuan, profit attributable to the owners of the parent advanced 22.1% to 7,622 million yuan, and basic earnings per share increased 22% to 0.677 yuan.
Horizon Robotics gained 2.4% to HK $8.07, ahead of the earnings report later on Wednesday from the AI-chipmaker for self-driving cars.
China Resources Lifestyle Mixc Limited declined 7% to HK 38.620 after the mainland-focused commercial real estate services provider announced its interim results.
Revenue in the first six months increased 6.5% to 8.5 billion yuan from 8.0 billion yuan, net income advanced 7.4% to 2.03 billion yuan, and basic earnings per share rose to 89.0 HK cents from 82.8 cents a year ago.
- Barry Adams
- 26 Aug, 2025
- New York City
Wall Street indexes extended recent losses, and investors soured after the U.S. president ramped up his attacks on the Federal Reserve.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite dropped 0.3% amid growing realization that Donald Trump is looking to compromise the U.S. Federal Reserve's independence.
The U.S. president, in a dramatic escalation of his attacks on the Federal Reserve, said he had fired Federal Reserve Board Governor Lisa Cook for the alleged "false statements" on one or more mortgage applications.
Cook fought back and said, "I will not resign," and Trump "has no authority to do so."
Earlier in the month, Trump fired the U.S. Bureau of Labor Statistics chief because the latest nonfarm payrolls data revisions highlighted the negative impact his administration's policy on the labor market.
The Trump's action to remove the head of one of the key data collection agency raises questions about the future credibility of the U.S. data under his administration.
The 10-year Treasury yield inched higher to 4.28% after Fed Chair Jerome Powell clarified that rate cuts next month are possible but not certain.
July's Durable Goods Orders Reflect Tariff-Related Disruptions
On the economic front, U.S. monthly durable goods orders declined for the second consecutive month in July, but the pace of decline slowed from the previous month.
Durable goods orders declined 2.8% to $302.8 billion in July, but slower than 9.4% fall in the previous month, according to the U.S. Census Bureau.
The latest data reflected a softer period after firms front-loaded in May.
Moreover, orders for non-defense capital goods, excluding aircrafts, a closely watched proxy for capital spending, increased 1.1%, higher than expectations of 0.3% increase.
U.S. Stock Movers
EchoStar Corp. soared 70% to $51.01 after the company agreed to sell its spectrum licenses for $23 billion to A&T.