US STOCKS
FUNDS
FX & CRYPTO
SH/SZ-HK
HK STOCKS
 
 
 
 
 
 
News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
The market expects the Central Government would send big gifts to the SAR.
The Hong Kong market fell sharply on Wednesday. Hang Seng index opened down 293 points, H share index down 152 points and technology index down 116 points. Technology stocks led th...
Reset
Send
The window will close in 5 seconds
The market expects the Central Government would send big gifts to the SAR.
Analyst : Lun Sheung Nim (CEO, GEO Securities Limited)
2022/06/30 09:21
The Hong Kong market fell sharply on Wednesday. Hang Seng index opened down 293 points, H share index down 152 points and technology index down 116 points. Technology stocks led the fall. Alibaba lost 3% for 52-point loss. Meituan lost 1.44% for 20-point loss. Tencent lost 1.58% for 14-point loss. Xiaomi lost 2.8% for 11-point loss. HK Exchanges lost 1.16% for 10-point loss. Techtronic lost 3.83% for 10-point loss. China Hongqiao lost 6.5% to lead the losers at opening. However, AIA rose 1.65% to lead the gainers for 28-point gain. A shares opened down 9 points. The market fell further after opening, as Hang Seng index lost more than 400 points. Alibaba lost 3.3% for 56-point loss. Meituan lost 2.7% for 37-point loss. BYD lost 3.86% for 21-point loss. Wuxi Biologics lost 3.66% for 19-point loss. HK Exchanges lost 1.6% for 17-point loss. Geely lost 7.35% for 16-point loss. Auto stocks followed Geely lower. BYD lost 3.9%. Nio lost 8.6%. XPeng lost 6%. Li Auto lost 5.87%. LK Technology lost 11% after results announcement. Short-sellers accused the company of misstating its results. A shares closed the morning down 26 points. Hang Seng index fell to a low of 21988, down 431 points and closed the morning down 365 points. H share index closed down 181 points and technology index down 155 points. Turnover was $86.5 billion.

The market fell further in early afternoon. Hang Seng index lost more than 500 points. Alibaba lost 3.55% for 60-point loss. Meituan lost 3.8% for 53-point loss. BYD lost 4.5% for 25-point loss. Wuxi Biologics lost 4.4% for 23-point loss. HK Exchanges lost 2.3% for 22-point loss. Geely lost 8.5% for 19-point loss to lead the losers. Nio lost 11%. XPeng lost 7.4%. Li Auto lost 8.8%. Auto parts shares fell sharply. Nexteer lost 9.3%. Minth lost 8.1%. Gongfeng Lithium lost 4.25%. On the contrary, AIA rose 1.5% for 26-point gain. Industrial stocks fell. Handset suppliers fell. Sunny Optical lost 5.2%. AAC lost 2.75%. Solar energy stocks fell. Xinyi Solar lost 2.8%. GCL Technology lost 4.6%. Solargiga lost 3.8%. Metals fell. Chalco lost 2%. China Hongqiao lost 3.35%. Jiangxi Copper lost 2.5%. MMG lost 4.2%. Want Want lost 12% after results announcement and brokers downgraded its rating. Travel stocks retreated. Trip.com lost 4.2%. Tongcheng lost 2.8%. HK China Travel lost 3%. A shares closed down 48 points. Hang Seng index fell to a low of 21844 points, down 575 points. The market recovered about 100 points at the close. Hang Seng index closed down 422 points. H share index closed down 199 points and technology index down 156 points. Turnover was $160.8 billion.

Overnight, overseas markets were mixed. European markets fell. DAX lost 228 points. CAC lost 54 points and FTSE lost 11 points. US markets were range bound. Dow Jones rose 82 points, whereas S & P lost 3 points and Nasdaq lost 4 points. Hong Kong ADR’s rose 12 points. Night future rose 82 points. The market expects the Chinese Government will send big gifts to Hong Kong to commemorate the 25th anniversary of the establishment of the HKSAR. We expect the market to rise today.
 
SITEMAP
Email: support@aastocks.com
AASTOCKS.COM LIMITED (阿斯達克網絡信息有限公司) All rights reserved.
Disclaimer
You expressly agree that the use of this app/website is at your sole risk.

AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) will be liable to any Subscriber or any other party for any interruption, inaccuracy, error, or omission, regardless of cause, in the Information or for any damages (whether direct or indirect, consequential, punitive, or exemplary) resulting from its use by any party.

AASTOCKS.com Limited shall not be liable for any failure or delay in performance of its obligations under this Disclaimer because of circumstances beyond its reasonable control, including but without limitation, acts of God, typhoons, rainstorms, other natural disasters, government restrictions, strikes, wars, virus outbreak, network failures or telecommunications failures.

Morningstar Disclaimer: Copyright © 2020 Morningstar, Inc. All Rights Reserved. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness.

The information, financial market data, quotes, charts, statistics, exchange rate, news, research, analysis, buy and sell ratings, Education Center and other information on this app/website should be used as references only at your own discretion. Prior to the execution of a security trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. AASTOCKS.com Limited is not soliciting any subscriber or app/website visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this app/website are taken at your own risk for your own account.

AASTOCKS.com Limited provides the information and services on an "AS IS" basis. The information and contents on this app/website are subject to change without notice. AASTOCKS.com Limited reserves the right, in its sole discretion but without any obligation, to make improvements to, or correct any error or omissions in any portion of this app/website at any time.

The subscriber or app/website visitor agrees not to reproduce, retransmit, disseminate, distribute, broadcast, publish, circulate, sell or commercially exploit the information and contents on this app/website in any manner without the express written consent of AASTOCKS.com Limited.

Investment involves risk. You may make use of the Education Center of this website for academic reference purposes at your own discretion. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this app/website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or app/website visitor should not assume, that the future performance will equal past performance.

AASTOCKS.com Limited may point to other sites that may be of interest to the subscriber or app/website visitor but for which AASTOCKS.com Limited has no responsibility and only provides this as a service to the subscriber or app/website visitor.

AASTOCKS.com Limited does not represent or endorse the accuracy or reliability of any information, advertisements or contents contained on, distributed through, or linked, downloaded or accessed from any of the services on this app/website. AASTOCKS.com Limited cannot and does not guarantee the quality or reliability of any products or information purchased or obtained by you as a result of an advertisement or any other information displayed on this app/website.

AATV is a video platform owned by AASTOCKS.com Limited.

You acknowledge that: (i) AATV is provided for information purposes only and, in particular, is not intended for trading purposes; (ii) AATV does not and none of the information contained in its program constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services whether or not regarding the profitability or suitability of any security or investment; and (iii) AATV is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

The financial analysis or opinion expressed in the AATV programs is for reference and discussion only, and does not represent AASTOCKS.com Limited. Investors must make their own investment decisions based on their own investment objectives and financial situation. AASTOCKS.com Limited shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (i) inaccuracies or errors in or omissions from AATV including, but not limited to, quotes and financial data; (ii) delays, errors, or interruptions in the transmission or delivery of AATV; or (iii) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

AASTOCKS.com Limited reserves the right to change this Disclaimer at any time by posting changes online at this app/website. You are responsible for reviewing regularly information posted therein to obtain timely notice of such changes. Your continued use of this app / website after changes are posted constitutes your acceptance of this Agreement as modified by the posted changes.

The disclaimer herein shall be governed by the law of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") and you agree to submit to the exclusive jurisdiction of the Hong Kong courts.

In the event of any discrepancy between the Chinese and English versions, the English version shall prevail.

Last updated on 11 March 2020.