Hong Kong Stocks Rise 0.8% Led by Biopharmaceutical and Gold Sectors; Domestic Real Estate Stocks Active

Published Aug 20, 2026 5:41 PM ・ Updated Aug 20, 2026 6:12 PM ・ 5 min read ・ Source: PR Times

On Thursday (20th), the Hong Kong stock market rose throughout the day, with the Hang Seng Index up 0.8% to 25,698.49 points. The HSCEI rose 0.9% to 8,547.84 points, and the Hang Seng Tech Index rose slightly by 0.39% to 4,700.53 points. The total market turnover reached HKD 269.12 billion. The rise was mainly driven by the biopharmaceutical and gold sectors. Stimulated by overseas news, Moderna's and Merck's personalized mRNA cancer vaccine achieved preliminary positive results in Phase III clinical trials, causing Moderna's stock to surge 177% in a single day, leading to a revaluation of innovative drug technologies. Biopharmaceutical stocks in Hong Kong were strong throughout the day, with Cloud Pharmaceuticals surging over 41%, CanSino Biologics rising over 37%, and China Biologics, which reported a strong first-half revenue of RMB 19.44 billion (up 10.6% year-on-year), rising over 11%. On the other hand, the U.S. Treasury's expansion of long-term bond repurchase scale caused U.S. Treasury yields to plummet, and with the U.S. government's total debt exceeding $40 trillion, the spot gold price surged 4.35% to $4,522.78 per ounce. Safe-haven sentiment and policy synergy ignited the precious metals market, and Hong Kong-listed gold and non-ferrous metal stocks collectively strengthened, with Zijin Mining International surging over 11%, Chow Tai Fook Jewellery rising 10.05%, and Old Pawn Gold also rising over 8%. Additionally, stimulated by multiple real estate optimization policies introduced by six departments of Shanghai, domestic real estate stocks performed actively, with Longfor Group rising over 4%. However, tech and paper stocks showed divergence, with Kuaishou plummeting over 11% after releasing its financial report, Nine Dragons Paper even crashing nearly 17%, and Bilibili falling nearly 3%. Huatai Securities pointed out that after the State Council revised the 'Regulations on the Management of Housing Provident Fund,' there may be room for structural cuts in provident fund interest rates in the future, which will help reduce repayment pressure and release 'rent-to-buy' demand, thereby accelerating the stabilization of the real estate market. Institutions suggest focusing on high-quality real estate companies with a strong presence in core cities and product advantages, as well as some undervalued real estate companies, leading Hong Kong-based real estate companies, and property management and commercial management companies.

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