Hong Kong Stocks Lunch Commentary | Hang Seng Index fell 2.55%, Hang Seng Science and Technology Index fell nearly 3%, technology stocks fell collectively, Ali fell more than 4%

time:2023-03-24 01:37:05 source:clevelanddrifters.com author:Hot industry
Hong Kong Stocks Lunch Commentary | Hang Seng Index fell 2.55%, Hang Seng Science and Technology Index fell nearly 3%, technology stocks fell collectively, Ali fell more than 4%

Futu Information, September 14 | U.S. stocks suffered the biggest drop in two years, dragging down the three major Hong Kong stock indexes in morning trading. The Hang Seng Index fell 2.55%, the National Index fell 2.5%, and the Hang Seng Technology Index fell 2.96%. As of the noon close, Hong Kong stocks rose 291, fell 1410, and closed flat at 1206. Source: Futu Niuniu-Opportunities-Market Hotspots-Hong Kong Stock Hotspots-Rise and Fall Distribution In terms of sectors, U.S. stocks plunged overnight, Hong Kong technology stocks fell collectively, Baidu fell more than 5%, Ali fell more than 4%, and Jingdong fell nearly 4% . Most auto stocks have pulled back. Geely Auto and BYD shares fell by more than 4%, and Weilai continued to rise by more than 2%, and the ideal rose slightly. The concept of pharmaceutical outsourcing, which fell sharply yesterday, was mixed. WuXi Biologics fell by more than 3%, and WuXi PharmaTech rose by more than 3%. Mainland property stocks generally fell, and Country Garden fell by nearly 3%. According to the report of the China Index Research Institute, the market sentiment was still low during the Mid-Autumn Festival holiday, and home buyers were not confident enough to buy a home. Gold stocks fell sharply. As the US CPI exceeded expectations in August, the US dollar index rose sharply, gold was under pressure, and the spot fell below $1,700. The education sector bucked the trend and rose, with New Oriental Online and Tianli International Holdings up more than 3%. Shipping stocks were partly stronger, with Pacific Shipping up nearly 5 percent. The Baltic Dry Index (BDI) index rose 152 points, or about 12.1%, on Tuesday, its biggest gain since early February. In terms of individual stocks, $New Oriental Online (01797.HK)$ bucked the trend and rose by more than 3%. Institutions are optimistic about the future upside of Oriental Selection. CNOOC (00883.HK) continued to rise by nearly 3%. JPMorgan predicts that CNOOC will continue to repurchase H shares in the next three months, maintaining an overweight rating and a target price of HK$15. Greentown China (03900.HK) rose nearly 8%. The agency expects that it will continue to outperform the industry in sales in the second half of the year. Yesterday, it received 4.0925 million shares from southbound funds. $T&T Industrial (00669.HK) $ fell more than 10%, and its largest customer, Home Depot, closed down 6.59% overnight and hit a new low price in more than two months. $GOME Retail (00493.HK)$ tumbled nearly 22%, and 1.46% of shares in Zhongguancun held by Gome were waiting to be frozen. CICC (03908.HK) tumbled nearly 9%. The company announced after the market yesterday that it plans to raise no more than 27 billion yuan in 10-to-3 funds.

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(Responsible editor:Technology stocks)