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Home > Latest

Hong Kong's Hang Seng Technology Index fell by 1%.

date
08/08/2025
The Hang Seng Technology Index fell by 1%, while the Hang Seng Index is currently down 0.53%.
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Medical technology company Heartflow (HTFL.US) prices its IPO above expectations, raising $317 million. It will debut on Nasdaq tonight.
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China Electric Power Construction Corporation establishes a new energy technology company, including construction engineering design business.
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On the 7th local time, the 39% tariff rate imposed by the United States on imported goods from Switzerland officially took effect. In Geneva, many Swiss people expressed concerns about this high tariff policy, saying that it would greatly restrict Swiss exports to the United States, leading to a slowdown in the country's economic growth and an increase in unemployment. Although Swiss Federal President Keller-Sutter stated at a press conference on the 7th that the Swiss Federal Council will continue to work with the United States to improve its export environment to the United States, concerns about the impact of high tariffs among many local people in Geneva have been expressed. (CCTV News)
3 m ago
Stock market anomaly | Wynn Macau (01128.HK) dropped over 7%, with the controlling shareholder reporting a 9.51% year-on-year decline in adjusted EBITDAR for the second quarter in Macau.
3 m ago
Goldman Sachs released a research report stating that the second quarter revenue of SMIC increased by 16% year-on-year, surpassing the bank and market expectations by 4% and 2% respectively. The gross profit margin recorded 20.4%, slightly higher than the company's guidance and market expectations, mainly due to the increase in production capacity utilization to 92.5% compared to less than 90% in the first quarter. The group's revenue guidance for the third quarter is expected to grow by 5% to 7% quarterly, in line with market expectations, while the gross profit margin is expected to be maintained at 18% to 20%, slightly lower than Goldman Sachs' expected 20.6% and the market expectation of 21.1%. Looking forward, the potential for domestic demand in China to drive long-term growth, Goldman Sachs maintains a "buy" rating on SMIC with a target price of HK$63.7, believing that despite pricing competition and depreciation pressures, the improvement in production capacity utilization and the mass production of 12-inch factories are expected to gradually boost the gross profit margin.
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