HSI Sags 28 Pts; SUNNY OPTICAL Subdued

At open, $Hang Seng Index (800000.HK)$ dropped 28 pts or 0.2% at 17,762; $Hang Seng China Enterprises Index (800100.HK)$ shed 11 pts or 0.2% at 6,086; and $Hang Seng TECH Index (800700.HK)$ faded 11 pts or 0.3% at 3,989.

$BIDU-SW (09888.HK)$ , with its interim net profit spiking 3x YoY to RMB11.035 billion beating estimates, opened 1.6% higher.

$KUAISHOU-W (01024.HK)$ , with its 2Q non-IFRS adjusted profit turning positive, added 0.2% at $62.6. $GDS-SW (09698.HK)$ , given its interim loss narrowing to RMB703 million, rallied 5.3%. $KINGSOFT (03888.HK)$ lifted 0.3% at $30 after reporting interim loss swinging to profit of RMB250 million. $SUNNY OPTICAL (02382.HK)$ slumped 5.6% on its interim net profit slip of 68%.