The Zhitong Finance App learned that the Hang Seng Index opened down 243.1 points, or 0.93%, to 25795.17 points. The state-owned enterprises index fell 1.19% to 9149.43 points. The red chip index fell 0.36% to 3857.59 points. The market traded HK$3.47 billion before the market.
US stocks rose collectively overnight. The Dow rose 0.04% to 35756.88 points, the S&P 500 index rose 0.18% to 4574.79 points, and the NASDAQ rose 0.06% to 15235.72 points. The Dow and S&P 500 continue to reach new record highs.
On the blue chip side, Alibaba-SW (09988) fell 2.48% to HK$165.3, dragging down the index by 52.63 points. On the other blue-chip side, Tencent Holdings (00700) fell 2.23%, AIA (01299) fell 1.39%, and Xiaomi Group-W (01810) fell 1.12%.
In terms of popular stocks, Yuhua Education (06169) announced that on October 26, 2021, the company, the seller Guangyu Investment Holdings Co., Ltd. and the placement manager entered into a placement and subscription agreement. According to this, the seller has agreed to appoint a placement manager to act as its agent to carry out placement matters, and the placement manager has agreed to act as the seller's agent to induce the buyer to purchase a total of 220 million shares to be sold at an placement price of HK$4.19 per share at a placement price of HK$4.19 per share; while the placement price of HK$4.19 is discounted by about 11.97% from the closing price of HK$4.76 per share reported by the Stock Exchange on October 26, 2021. The stock opened 14.29% lower in early trading to HK$4.08.
Dream World (01119) issued a notice concerning the renewal and revision of continuing related transactions between Shenzhen Chuangmengtiandi, a subsidiary of the company, and Shenzhen Tencent Computer Systems Co., Ltd., including the renewal and revision of the 2021 Intellectual Property Cooperation Framework Agreement. The stock opened 1.7% higher at HK$5.39 in early trading.
China Building Materials (03323) announced that in the first three quarters of 2021, Sinoma International (600970.SH), a subsidiary of the company, obtained operating revenue of RMB 24.996 billion (same unit), an increase of 16.02% over the previous year; net profit attributable to Sinoma International shareholders was 1,424 million yuan, an increase of 1.95% over the previous year; and basic earnings per share of 0.64 yuan. The stock opened 0.8% higher at HK$10.08 in early trading.