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Hong Kong stocks traded mixed in the morning; HSI fell 0.42% at half-day while the Hang Seng Tech Index rose 0.19%. Chip names led gains: Lanqi Technology (06809.HK) rose more than 10%, GigaDevice (03986.HK) nearly 7%, Hua Hong Hongli (01347.HK) over

2026-08-27

Hong Kong stocks traded mixed in the morning; HSI fell 0.42% at half-day while the Hang Seng Tech Index rose 0.19%. Chip names led gains: Lanqi Technology (06809.HK) rose more than 10%, GigaDevice (03986.HK) nearly 7%, Hua Hong Hongli (01347.HK) over 4%, and SMIC (00981.HK) about 3%. Auto stocks weighed: BAIC Motor (01958.HK) fell over 5% at mid-session, XPeng (09868.HK) dropped more than 3%, and NIO-SW (09866.HK) was down 2.68%. Zhipu (02513.HK) opened strongly, spiking above 10% intraday and was up 8.93% at midday.

Other News
2026-08-27

Nvidia's second-quarter revenue reached $96.2 billion, a 106% year-over-year increase, with data center revenue reaching $89 billion, a 117% year-over-year increase—both very strong. However, after the earnings release, the stock price initially fell

Nvidia's second-quarter revenue reached $96.2 billion, a 106% year-over-year increase, with data center revenue reaching $89 billion, a 117% year-over-year increase—both very strong. However, after the earnings release, the stock price initially fell by about 3%, indicating that market expectations were already very high—the "better-than-expected" performance itself was no longer a sufficient catalyst. What truly revived the stock price was CFO Colette Kress's statement on the conference call: revenue growth for fiscal year 2028 is projected to be approximately 70%. The market had previously expected growth of only about 44%-45% for this year, thus representing a significant upward revision of long-term growth expectations in one go. More importantly: the 70% figure is not actually demand growth, but rather "achievable growth under supply constraints." This statement is the most noteworthy part of the entire news. Customer demand growth is approximately 100%—Nvidia is currently constrained by its supply chain and can only meet a portion of this demand—therefore, the company's current fiscal year 2028 revenue growth target is approximately 70%. In other words, Nvidia is not worried about insufficient demand, but rather insufficient production capacity.
2026-08-27

According to Saudi Arabia's Al Arabiya TV, a senior Iranian official said that Iran is unable to import enough fuel to make up for insufficient domestic production due to the US naval blockade.

According to Saudi Arabia's Al Arabiya TV, a senior Iranian official said that Iran is unable to import enough fuel to make up for insufficient domestic production due to the US naval blockade.
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