[Epoch Times September 20, 2021]On the morning of September 20, the Hong Kong stock market plummeted. As of the morning’s close, the Hang Seng Index fell 965 points, or 3.9%, of which the Hang Seng Property Index plummeted by nearly 7%. 2000 points.
According to a report by “Broker China”, this morning (20th), the performance of Chinese assets was quite tragic. In the Hong Kong market, the Hang Seng Index opened lower by 280 points and its decline widened. It fell by 1048 points at noon, once as low as 23,871 points, and fell 965 points or 3.9% in half a day to 23,955 points; China Enterprises Index fell 377 points or 4.2% to 8563 points. ; The Hang Seng Technology Index fell 245 points, or 3.8%, to 6207 points. After the opening in the afternoon, the decline has slowed, but it is still very sluggish.
From the industry index, real estate stocks fell particularly sharply. At the close of the morning, Hong Kong real estate stocks were under pressure. Evergrande Real Estate plunged more than 12%, New World fell more than 11%, Xindi fell more than 9%, and Cheung Kong Group fell nearly 8%. Mainland property stocks also fell collectively. The Hang Seng Property Index plummeted nearly 2,000 points.
Judging from the performance of the A50, the index once fell more than 4% in the morning, but it slowed down in the afternoon.
Evergrande’s stocks have suffered a setback. Among them, China Evergrande fell 16.9% to 2.11 yuan, Evergrande Property fell 12.6% to 4.02 yuan, Hengteng fell 12.1% to 2.04 yuan, and Evergrande Motor fell 7.7% to 2.75 yuan.
Regarding the performance of the stock market this morning, the report said that overseas investors have paid more and more attention to China Evergrande recently.
CLSA stated that it communicated with several domestic bank representatives at the investor forum last week and investors were all concerned about the rising credit risk of mainland real estate companies.
Commentator Zhang Tianliang revealed in his YouTube self-media program on the 19th that the CCP authorities may abandon Evergrande. The information he received shows that the CCP’s senior officials have defined Evergrande as “market elimination.”
Editor in charge: Liu Yi#
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