Published on 08/20/2026 at 12:48 am EDT
(Reuters) - China and Hong Kong stocks rose on Thursday, as healthcare stocks surged and tech shares rebounded from a selloff, amid a broader recovery across Asia.
** China's large-cap CSI300 Index was 0.2% higher by the lunch break, after tumbling 3% on Wednesday. The Shanghai Composite Index rose 0.3%.
** In Hong Kong, Hang Seng climbed 1.5% after a nearly flat session on Wednesday.
** Investors drew solace from strength in neighbouring markets following the global tech selloff in the previous session. South Korea's Kospi Index jumped 7% while Japan's stock market gained 1%.
** Sentiment was also aided by a fresh batch of Chinese companies - including Foxconn Industrial Internet Co and CCCC Design & Consulting - announcing share buybacks or purchases.
** Healthcare stocks surged in both China and Hong Kong after Moderna and Merck on Wednesday announced a major success in a new field of cancer treatment that sent Moderna's shares surging as much as 160%, while Merck jumped 12%.
** China's CSI Vaccine and Biotech Index shot up 10%, while Hong Kong's Hang Seng Innovative Drug Index advanced more than 8%.
** Meanwhile, tech shares clawed back some of Wednesday's losses.
** The

STAR

100 Index jumped nearly 3% after a 7% loss, while Hong Kong's AI Index firmed 4%.
** But shares of Chinese humanoid robot maker Unitree tumbled 16% after soaring more than fivefold in a blockbuster trading debut in Shanghai on Wednesday.
(By Shanghai Newsroom; Edited by Harikrishnan Nair)

Sumber : Reuters