Futu News on May 10 | the risk of stagflation lingered. The overnight plunge in US stocks dragged down the three major indexes of Hong Kong stocks. The Hang Seng Index fell 2.83% to 20000 points, a low of more than a month and a half. The Hang Seng Technology Index fell 4.7% to below 4000 points. The index of state-owned enterprises fell 3.29% to 6585.
By midday, Hong Kong stocks were up 371, down 1446, to close flat at 1051.
On the plate side, large technology stocks generally fell.JD.com and Baidu, Inc. fell more than 9%, BABA and Meituan fell more than 5%, Tencent fell more than 3%, Kuaishou Technology and XIAOMI followed suit.
Some anti-epidemic stocks rose against the market.Tengshengbo Pharmaceutical rose more than 7%, Shandong Xinhua Pharmaceutical rose more than 6%, Junshi Biological, Sihuan Pharmaceutical, China Resources Pharmaceutical rose.
Some of the Green Power concept stocks rose.Huadian International Power shares rose more than 4%, Huaneng International Power shares rose more than 1%, Flat Glass Group and China Resources Power Holdings followed suit.
Home appliance stocks are stronger.Techtronic Industries rose by more than 4%, followed by Haier Smart Home.
Automobile stocks led the decline.XPeng Inc. fell by more than 11%, NIO Inc. by more than 8%, BYD by more than 8%, and Li Auto Inc. by more than 6%.
Inner housing stocks and property management stocks fell.Country Garden Holdings fell by more than 12%, Sun Hung Kai Properties by more than 4%, Country Garden Services Holdings by more than 12%, and China Resources Mixc Lifestyle Services followed suit.
Oil stocks fell.CNOOC Limited and Petrochina fell more than 5%, while China Petroleum & Chemical Corporation followed suit. The market is worried about the risk of stagflation and international oil prices are lower.
Most clothing stocks fell.ANTA Sports Products fell more than 3%, Shenzhou International Group fell more than 2%, Bosideng International and Li Ning Co. Ltd. followed suit.
Shipping stocks weakenCosco Haineng fell more than 13%, COSCO Shipping Holdings fell 4%, Orient Overseas and Pacific Shipping followed suit.
Individual stocks$Tengshengbo Medicine-B (02137.HK) $Increased by more than 7%, it was reported that the combination of ambavirin and romisovir remained neutralizing activity against novel coronavirus Omicron BA.2 subtype mutants.
$Techtronic Industries (00669.HK) $It rose by more than 4% against the market, driving up the home appliance sector.
$time Electric (03898.HK) $Up more than 3%, time Electric won CRRC Corporation to increase its holdings of 2.0177 million shares on the floor on May 3.
$Yashili International (01230.HK) $Rising by more than 17%, Mengniu offered to privatize Danone's interest in Yashili.
$JD.com Group-SW (09618.HK) $Down more than 9%, data show that in March, JPMorgan Chase & Co's flagship fund made a large increase in JD.com 's position by 12.54 times.
$XPeng Inc.-W (09868.HK) $Fell more than 11%, according to the recent disclosure of auto companies in April production and sales KuaiBao, a number of car companies in April production and sales halved.
$practical Foreign Education (01565.HK) $Today, the resumption of trading plummeted by more than 45%, down 53.6% at one point in intraday trading, and the medium-term net profit fell 93.7% compared with the same period last year.
Half-day turnover TOP20
Edit / Annie