A-share ChiNext fell over 1%, while Hang Seng Index and Hang Seng Tech Index rose nearly 1% in Hong Kong stocks. Cambricon's semi-annual revenue doubled, but its stock price dropped nearly 7%.
On August 10, China's A-share market saw a volatile and divergent performance, with the ChiNext Index falling by 1.22%, while the Shanghai Composite Index rose by 0.48% and the Shenzhen Component Index dropped by 0.45%. Concept stocks such as innovative drugs and medical services collectively surged, while the hashrate hardware sector generally adjusted, with Cambricon falling by nearly 7%. The Hong Kong stocks market opened higher and continued to rise, with the Hang Seng Index up by 0.83% and the Hang Seng Tech Index up by 0.91%, as tech stocks rebounded. In terms of news, Cambricon disclosed its semi-annual report for 2026, showing revenue of RMB 5.996 billion, a year-on-year increase of 108.13%, and net profit of RMB 2.311 billion, a year-on-year increase of 122.61%, with revenue exceeding the RMB 5 billion mark for the first time.
Source:华尔街见闻 · Source Link
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