Futu News reported on October 20 that the decline in the three major Hong Kong stock indices has narrowed. As of press release, the Hang Seng Index fell 0.32% and the Hang Seng Technology Index fell 0.21%.
In terms of the sector, the majority of Science and Technology Network stocks have weakened.Meituan and Baidu fell more than 2%, Tencent fell more than 1%, and Ali and Jingdong fell nearly 1%.
Domestic housing stocks have rebounded collectively,Country Garden rose more than 14%, Ocean Group and Sunac China rose more than 12%, R&F Real Estate rose more than 8%, and Agile Group rose more than 6%.
Auto stock trends diverge,Zero Sports Auto rose more than 4%, Xiaopeng Motor and Ideal Auto rose more than 1%, NIO fell nearly 3%, and BYD fell more than 1%.
Most gold stocks have risen.Zhaojin mining rose nearly 3%, China Gold International rose more than 2%, and Shandong Gold rose nearly 1%.
In terms of individual stocks,$COUNTRY GARDEN (02007.HK)$It rose more than 14%. CITIC Construction Investment pointed out that in September, the sales area of commercial housing in the country fell 10.1% year-on-year in a month. The decline has narrowed for three consecutive months, and the decline in capital available to housing enterprises has also narrowed somewhat.
$EVERGRANDE (03333.HK)$It rose more than 5%, and Evergrande Real Estate's proposal to defer payment of “20 Evergrande 05” for one year to resell some bonds was approved by creditors.
$LEAPMOTOR (09863.HK)$It rose more than 4%, gross margin improved markedly in the third quarter, and single-quarter delivery volume reached a record high.
Editor/Corrine