Credit Suisse received an open pledge from the central bank of Switzerland, with markets looking to stop the Fed's interest rate hike, and Hong Kong stocks fell repeatedly today. HSI low 341 points, the initial stage fell 430 points once lower than 19,109 points, then the decline narrowed to 151 points to 19,388 points, 335 points or 1.7% for the whole day, closing 19,203 points; HSI fell 77 points or 1.18%, closing 6,482 points; Hang Seng TECH Index fell 54 points or 1.41%, closing 3,811 points. Mainland market turnover amounted to $111.354 billion, net inflow of 2,634 billion and 1.06 billion yuan from SSE and Shenzhen-Hong Kong Stock Connect southbound trading.
Financial stocks were under pressure, HSBC (00005.HK) fell 2.4% to 53.9 yuan, Standard Chartered (02888.HK) fell 5.4% to $63.15. AIA (01299.HK) fell 5.1% to $76.4, Prudential (02378.HK) fell 7.2% to 100 yuan, BOCHK (02388.HK) fell 3.9% to $24. Ping An of China (02318.HK) share price fell 3.3% to 50.5 yuan. HKEx (00388.HK) fell 1.3% to $326.2.
Oil stocks fell by 3.9% and 4.9% respectively. Oil stocks of PetroChina (00857.HK) and CNOOC (00883.HK) each fell. Coal stocks Yanmine Energy (01171.HK) and China Coal (01898.HK) fell nearly 4.1%. Resources shares China aluminum (02600.HK), Jiang Cong (00358.HK) and Minmetals Resources (01208.HK) fell 4.1% to 5.2%, molybdenum (03993.HK) fell 9%, lithium stocks Ganfeng (01772.HK) and Tianqi (09696.HK) fell 5.1% and 3.6%.
In terms of technology stocks, Alibaba (09988.HK) fell 1.9% to 80.5 yuan, Tencent (00700.HK) fell 2.5% to 336 yuan, Jingdong (09618.HK) and Beili (09626.HK) fell 2.6% and 4.1% respectively. Baidu (09888.HK) released the “heart of the word”, the stock price fell 6.4% to 125.1 yuan. Golden Cloud (03896.HK) and Cloud Music (09899.HK) each fell 6.7% and 5.5%. Alibaba Health (00241.HK) rose 3.9%.
Consumer stocks were soft, with Wan Chau (00288.HK), Mengniu (02319.HK), China Flying Crane (06186.HK), Taabo (06110.HK), Haidilao (06862.HK) and Budweiser Asia Pacific (01876.HK) fell 2.1% to 3%. Samsonite (01910.HK) last year's net profit surged 21 times, the stock price rose 5.2%.
On other blue chips, Link REIT's equity equity (02915.HK) rose 32.4% to $5.4 for the day, and Link (00823.HK) rose 2.5% to 49.7 yuan. CKI (01038.HK) and Power Energy (00006.HK) reported softer results, down 2.3% and 1.4% respectively.
TV broadcast (00511.HK) was $78.38 million by fund shareholder Dodge&Cox selling goods, with a drop of 28.4% to $7.02.