© Reuters.
Yingwei Finance Investing.com – On Monday, the Hong Kong stock market opened lower in early trading and then fluctuated lower. The decline narrowed slightly in the afternoon. The Hang Seng Index closed down more than 1%, and once fell about 2% during the session, and the Hang Seng Technology Index fell 2.49%. At one point, it fell more than 3%.
The turnover of the Hang Seng Index today was 105.130 billion yuan, compared with 122.668 billion yuan in the previous trading day; the net purchase of southbound funds was 1.582 billion yuan, and the net inflow was 2.775 billion yuan.
Technology stocks were mostly lower, with Tencent Holdings (HK:)(OTC: ) down 1.53%. Alibaba (HK:) (NYSE: ) fell 3.35% and Meituan (HK: ) fell 3.06%. JD.com (HK: ) (NASDAQ: ) rose 0.57%.
Sports goods stocks fell, with Li Ning (HK: ) tumbling 9.14% and Anta Sports (HK: ) tumbling 3.39%. Data shows that foreign investors have sold Li Li by a large margin.
New car manufacturers fell, Xiaopeng Motors (HK:) (NYSE:) fell 6.53%, Li Auto (HK:) (NASDAQ:) fell 5.05%, and Weilai (HK:) (NYSE: ) fell 2.22%.
Pork stocks rose, with Yurun Food (HK:) up 16.67%, COFCO Meat (HK:) up 2.18% and WH Group (HK:) up 1.39%. Meanwhile, food stocks edged up, with Mengniu Dairy (HK:) up 1%, Feihe Dairy (HK:) up 1.79% and Modern Dairy (HK:) up 0.93%.
CanSino Bio (HK: ) fell 9.62%, giving back a 9.78% gain on Friday, when the World Health Organization placed CanSino’s new crown vaccine on its “emergency use list.”
COSCO SHIPPING Holdings (HK: ) rose 3.82%, and the controlling shareholder COSCO Shipping Group plans to increase its holdings of 1.5 billion to 3 billion yuan in A shares and H shares.
In addition, SMIC (HK: ) rose 3.32%, Orient Overseas International (HK: ) rose 6.33%, and China Hongqiao (HK: ) rose 7.87%, all three stocks were included in the Hang Seng Index. But Zhongsheng Holdings (HK: ), another member of the Hang Seng Index, rose only 0.1%. AAC Technology (HK: ) fell 6.86% and was removed from the Hang Seng Index.
As of closing:
- fell 1.19% to 20470.06 points;
- It fell 2.49% to 4177.65 points;
- It fell 1.39% to 7022.45 points.
Market news:
HKEX to set up offices in US and Europe to attract moreIPO
The media quoted HKEX chief executive Ou Guansheng as saying that HKEX will set up two international offices in the next year to reach more overseas investors and promote Hong Kong as a financing destination. One office will be located in the US and the other in Europe. They will be HKEX’s first offices outside of Asia. Hong Kong Exchange currently has offices in Singapore, Beijing and Shanghai. The exact location will be announced in the future.
CICC: Hong Kong stocks see medium-term opportunities outweigh risks
CICC commented on Hong Kong stocks that the recent stronger policy signals are expected to provide some support for the market, but more countermeasures still need to be introduced at the policy level. We judge that the medium-term opportunities outweigh the risks. In terms of sectors, high dividend targets and low valuation targets, such as some financials, telecom and energy sectors, will provide investors with more protection in the current market volatility. At the same time, it is recommended to pay attention to high-quality growth stocks that have suffered a large decline in the previous period. In addition, as the epidemic in Hong Kong eases, Hong Kong’s local consumption and financial targets are also worthy of attention.
[This article is from Yingwei Caiqing Investing.com, to read more, please log on to cn.investing.com or download Yingwei Caiqing App]
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Editor: Liu Chuan