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Heavyweight Financials Collapse w/ AIA Falling 5.5% Below 10/ 20MAs, HSBC Plunging 3%+
Recommend 10 Positive 11 Negative 9 |
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With their short-selling ratios on the rise recently, major financial stocks subsided this morning (6th). AIA (01299.HK), stretching last day's (5th) 2.5% downtrend, opened 4% lower amid the market rout. It once dropped by 5.5% to a bottom of HKD83.5 in early trading, below the 10-day and 20-day moving averages at about HKD88.1 and HKD85.8 respectively. Eventually, it ended the midday at HKD84.1, down 4.86%, with a volume of 25.4054 million shares, involving HKD2.144 billion. HSBC HOLDINGS (00005.HK) last traded at HKD133.8, down 3.39%, with a turnover of HKD1.426 billion. HKEX (00388.HK) last dropped by 1.59% to HKD407.8, with a turnover of HKD1.531 billion. STANCHART (02888.HK) was last at HKD195.6, down 2.78%, with a turnover of HKD71.2168 million. AAStocks Financial News |
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