Summary
[Hong Kong stocks afternoon review: Hang Seng Index fell 0.7%, CXO stocks rebounded across the board, financial stocks fell broadly]The three major indexes of Hong Kong stocks were mixed in the morning. It closed at 5502 points at noon. On the disk, heavy technology stocks were mixed, NetEase fell 4%, Meituan, Bilibili fell 1%, Kuaishou, JD.com, and Baidu all rose. The bottom of the valuation appears to be superimposed. Recently, good news has continued. The CXO sector rebounded across the board, GenScript Biotech rose 10%, WuXi AppTec and Zhaoyan New Drug rose 9%; driven by the overnight US semiconductor stocks, the semiconductor sector rebounded, and Shanghai Fudan rose 7% %, Hua Hong Semiconductor rose 4%; Macau’s Legislative Council expects the “Gaming Law” to be reviewed before the expiration of gambling licenses at the end of June, gambling stocks generally rose, Melco International Development rose 2%; biotechnology stocks, auto stocks, photovoltaics Solar energy stocks, rent collection stocks, luxury goods stocks, and Chinese medicine stocks collectively strengthened. On the other hand, financial sectors such as Hong Kong banking stocks, domestic insurance stocks, domestic banking stocks, and Chinese securities companies fell collectively. Bank of China Hong Kong fell 3% and HSBC Holdings fell 1%; gold stocks and oil stocks, which rose sharply yesterday, retreated and fell. Coal stocks, catering stocks, airline stocks and other stocks collectively weakened.
The three major indexes of Hong Kong stocks were mixed in the morning. The Hang Seng Index fell 0.7% to 24384 points, the National Index fell 0.98% to 8533 points, and the Hang Seng Technology Index closed flat at 5502 points at noon. On the disk, weighted technology stocks were mixed.NetEasedown 4%, Meituan,BilibiliDown 1%, Kuaishou,JD.com、BaiduAll have an increase. The bottom of the valuation appears to be superimposed. Recently, good news has continued, and the CXO sector has rebounded across the board.GenScript Biotechnologyup 10%,WuXi AppTec、Zhaoyan New DrugUp 9%; U.S. stocks up overnightsemiconductorstock driven,semiconductorplate rebound,Shanghai Fudanup 7%,Hua Hong SemiconductorUp 4%; Macau’s Legislative Council expects the “Gaming Law” to be reviewed before the expiry of gambling licenses at the end of June, gambling stocks generally rose,Melco International DevelopmentUp 2%; biotech, auto, photovoltaicsolar energystocks, rent collection stocks, luxury goods stocks,traditional Chinese medicineShares collectively strengthened.On the other hand, Hong KongBankstocks, domestic insurance stocks, domestic banking stocks, Chinese capitalbrokerageStocks and other financial sectors fell collectively,BOCHKdown 3%,HSBC HoldingsDown 1%; gold stocks and oil stocks, which rose sharply yesterday, retreated and fell. Coal stocks, catering stocks, airline stocks and other stocks collectively weakened.
(Article source: Financial Associated Press)