HK Stocks Extend Declines. HSTECH Drops 2.8%; 2x Leveraged Samsung ETF Plunges 14%; Alibaba Falls 9%; MiniMax, Z.AI Fall over 6%; Xiaomi, Baidu, Kuaishou, SMIC Down Around 3%

Samsung Electronics came under heavy selling pressure, with its stock price tumbling more than 8% and dragging South Korea's KOSPI index lower.

XRP broke above $1.7 and immediately pulled back—is this a shakeout or an interim top?

TradingKey - On August 21, Eastern Time, the three major U.S. stock indices closed higher across the board, though they still recorded a weekly decline. Following fluctuations in U.S. Treasury yields, Middle East uncertainties, and a cooling of AI-related trades, the market staged a temporary recove

Japanese and South Korean stocks opened lower across the board, with the KOSPI falling below the 6,900 mark and the Nikkei dropping below 66,000 points. Samsung Electronics tumbled, while SK Hynix bucked the trend to gain over 3%.

TradingKey - In the coming week (August 24 to August 28), the focus of the US market will shift from the July FOMC meeting minutes to the 2026 Jackson Hole Economic Symposium hosted by the Federal Reserve Bank of Kansas City.