Influenced by the overnight plunge in US stocks, the three major indices in Hong Kong fell in unison, with the Hang Seng Index and the Hang Seng China Enterprises Index dropping by 1% and 0.88% respectively. The Hang Seng TECH Index fell by 1.32%, unable to continue yesterday's rebound, leading to weakened market sentiment.
On the盘面, large technology stocks fell across the board, with Baidu and Alibaba down more than 2%. MEITUAN, NetEase, JD.com, and Kuaishou dropped nearly 2%, while Tencent and Xiaomi saw slight declines. Bitcoin plummeted, causing cryptos-related stocks to collectively decline, with MEITU dropping nearly 5%. In November, the average transaction price of second-hand residences in 100 cities decreased by 0.57% month-on-month, leading to widespread declines in mainland real estate stocks, with CHINA VANKE down nearly 5%. Stocks in the pork industry, marine transportation, China-affiliated brokerage, biotechnology, mainland insurance companies, and dining all performed poorly.
On the other hand, Chinese airlines achieved record passenger numbers, with the airlines industry rising against the trend, led by the three major carriers, while heavy equipment, film and television entertainment, and beer stocks saw some increases, with SINOTRUK rising by 2.5%.