US Stock Market Move | MNSO (MNSO.US) fell 9% after lowering its full-year performance guidance and having its target price downgraded by institutions.

22:17 31/08/2026

On Monday, Miniso (MNSO.US) fell by 9%, closing at $9.40.

On Monday, MNSO (MNSO.US) fell 9% to $9.40. According to news reports, Jefferies released a research report stating that MNSO's sales for the second quarter met expectations, with strong performance in the Chinese market offsetting the impact of weak overseas sales; adjusted net profit fell short of expectations. Management has lowered its guidance for full-year sales and profit margins for the fiscal year 2026, reflecting a restructuring of high-margin overseas business in the second half of the year. The firm expects MNSO to accelerate growth again starting next year, maintaining a "Buy" rating, with the target price for H shares lowered from HKD 44 to HKD 35.3, and the target price for US shares decreased to $18.

HK Stock Market Move | Hua Hong Grace Semiconductor (01347) surged over 5% during trading today as it officially turned blue. The Tao Law is expected to drive demand for advanced process wafers.

HK Stock Market Move | PCB concept stocks rose across the board as PCB manufacturers collectively announced price increases. Analysts indicate that the performance slope in the third quarter is expected to accelerate.

HK Stock Market Move | REFIRE (02570) plummeted over 20%, hitting a new low since its listing. It will officially be removed from the Hong Kong Stock Connect list starting today.

HK Stock Market Move | Hua Hong Grace Semiconductor (01347) surged over 5% during trading today as it officially turned blue. The Tao Law is expected to drive demand for advanced process wafers.

HK Stock Market Move | REFIRE (02570) plummeted over 20%, hitting a new low since its listing. It will officially be removed from the Hong Kong Stock Connect list starting today.