Latest Search
Quote
| Back Zoom + Zoom - Top | ||||
|
<H Shrs>HSI Dives 351 pts at Close; Tech, Consumer & MO Casino Stocks Retreat
Recommend 97 Positive 177 Negative 94 |
||||
|
||||
|
Hong Kong stocks followed the downward trend of external and A-share markets. HSI tumbled 351 points or 2.1% to close at 16,248. HSCEI decreased 112 points or 1.9% to close at 5,743. HSTECH plummeted 104 points or 3% to close at 3,337. Total turnover for the day was $114.58 billion. Technology stocks TENCENT (00700.HK) lowered 0.9% to $301.8, while BABA-SW (09988.HK), MEITUAN-W (03690.HK), JD-SW (09618.HK), BIDU-SW (09888.HK), and NTES-S (09999.HK) lost 2.3% to 2.8%. KUAISHOU-W (01024.HK) and XIAOMI-W (01810.HK) dropped 3.4% and 3.6%, while BILIBILI-W (09626.HK) slumped 5.5%. PA GOODDOCTOR (01833.HK), GDS-SW (09698.HK) and WEIMOB INC (02013.HK) routed 5.6% to 6%, while MEITU (01357.HK) crumpled 7.7%. Mobile phone-related stocks Q TECH (01478.HK) and SUNNY OPTICAL (02382.HK) plummeted 5.2% and 6.4%, with SUNNY being the worst-performing blue chip, while FIT HON TENG (06088.HK) and FIH (02038.HK) crashed more than 10%. Chip equipment stock ASMPT (00522.HK) slid 5.3%. US electric vehicle maker Tesla (TSLA.US) would lay off 10% of its global workforce, and the market is concerned about competition in the auto market. Car stocks LI AUTO-W (02015.HK), GWMOTOR (02333.HK), LEAPMOTOR (09863.HK), and XPENG-W (09868.HK) retreated 4.7% to 5.6%, while BYD COMPANY (01211.HK) dropped 1.4%. NIO-SW (09866.HK) cratered 10.2%. Consumer stocks traded down, with JIUMAOJIU (09922.HK) crumpling 5.6%, and TOPSPORTS (06110.HK), XIABUXIABU (00520.HK), HAIDILAO (06862.HK) and SAMSONITE (01910.HK) declining more than 4%. XTEP INT'L (01368.HK), LI NING (02331.HK), CTG DUTY-FREE (01880.HK) and CHINA RES BEER (00291.HK) slumped more than 3%. Macau gambling stocks GALAXY ENT (00027.HK), SANDS CHINA LTD (01928.HK) and MELCO INT'L DEV (00200.HK) receded 4.9% to 6%, while SJM HOLDINGS (00880.HK) nosedived 6.8%. Some Chinese property stocks rebounded in the afternoon, with CIFI HOLD GP (00884.HK), SUNAC (01918.HK) and SINO-OCEAN GP (03377.HK) hiking 4% to 4.5%, as KWG GROUP (01813.HK) narrowed its loss to 3.3%. Lithium stocks GANFENGLITHIUM (01772.HK) and TIANQI LITHIUM (09696.HK) descended 7.2% and 4%. Oil company PETROCHINA (00857.HK) elevated 0.7%, being the best-performing blue chip. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
