Tencent Securities News the warming of political instability in the United States, coupled with the terrorist attacks in Spain, the three major indexes of U. S. stocks fell overnight, the Dow recorded the biggest decline in three months. Asia-Pacific stock markets fell sharply this morning. The Hang Seng Index opened 1.26% lower this morning, losing 27000 points. After opening, the Hang Seng Index fluctuated, falling as high as 26951 points, and repeatedly arguing at 27000 points. In the afternoon, Hong Kong stocks fell further, reaching 27236 points. By the close, the Hang Seng Index was down 1.08% at 27047.57 points; the State-owned Enterprises Index was down 0.1% at 10693.65 points; and the Red Chip Index was down 1.05% at 4210.56 points. The turnover in the big market is 84.476 billion.
legend groupIt fell 3.39% to HK $4.56, leading the decline in blue chips. The company reported an unexpected change from profit to loss for the first quarter ended June, with a loss of $72 million, or a basic loss of $0.66 per share. The market had expected to record a profit of about $3 million to $118 million.
Financial stocks generally fell.Industrial and Commercial Bank of ChinaFell 2.14% to HK $5.48Bank of China Ltd.Fell 1.79% to HK $3.85Bank of CommunicationsFell 1.23% to HK $5.63China Construction Bank CorporationFell 1.66% to HK $6.51AIA Group LimitedFell 1.02% to HK $58.25HSBC Holdings PLCIt fell 1.07% to HK $73.8.
Sunac ChinaFell 3.13% to HK $17.94Sunac ChinaBy the big bank Bernstein to maintain the "outperform the market" rating, and the target price of 8.09 yuan unchanged. The stock will announce its results on the 31st of this month.
Aluminum Corporation Of China LtdFell 2.55% to HK $5.36, the company's interim profit as of the end of June this year was 751 million yuan, a year-on-year increase of 10.06 times, earnings per share of 5 cents RMB, no interim interest.
Wynn MacauIt rose 0.47% to HK $17.12, with an interim profit of 1.592 billion yuan, an annual increase of 39.53%, and an interim interest rate of 21 cents per share. The operating income during the period was 16.791 billion yuan, an annual increase of 73.28%.
Ping An InsuranceUp 1.43% to HK $60.20, the company disclosed that the company reported net profit of 43.427 billion yuan in the first half of 2017, an increase of 6.5% over the same period last year. The interim interest per share was 0.5 yuan, an increase of 1.5 times over the same period last year. Operating income reached 463.765 billion yuan, up 23.1% from the same period last year.
Cathay Pacific AirwaysIt rose 1.69% to HK $12, the largest increase in blue chip. The company announced that its interim results for the period ended June this year turned into a loss of $2.051 billion, compared with a net profit of $353 million in the same period last year. The basic loss per share is 52.1 cents and there is no interim dividend. Bank of China International maintained a "sell" rating, raising its target price from HK $9.5 to HK $10.50.
Huang Guoying, director of Fengsheng Financial Asset Management, said that at present, investors have the desire to take advantage of the low absorption, coupled with the "speculation" of second-and third-tier shares one after another, reflecting that the overall investment atmosphere has not taken a turn for the worse, and it is expected that the Hang Seng Index will not fall below its recent low in the near future. The market will briefly undergo a longer consolidation at this stage, and there is still an opportunity to challenge the highs of the year.
Chi Yaohui, director of Yaocai Securities Research Department, pointed out that external market conditions have put pressure on Hong Kong stocks, which has fallen below the 27000-point level, mainly due to various unstable factors within the White House, including news that Cohen, chairman of the National Economic Council, has resigned, and the establishment of the Infrastructure Advisory Council may fail, causing the market to continue to worry about US President Trump's policies. Chi Yiu-hui pointed out that the momentum of Hong Kong stocks has deteriorated slightly, and it is estimated that the short-term support level will remain at 27000 points.