Source: Finance Association
Author: Feng Yi
① The stock prices of Tencent and NetEase have plummeted. How have other leading technology stocks performed? ② Many Hang Seng Technology ETF funds hit new lows. What factors will affect the short-term trend?
Influenced by the news about the online game policy, this afternoon,$TENCENT (00700.HK)$,$NTES-S (09999.HK)$Stock prices have all fallen sharply, which in turn has also led to a collective dive in the Hong Kong stock technology sector.
As of press release, NetEase is down nearly 26%, and Tencent Holdings is down nearly 14%.$BILIBILI-W (09626.HK)$A drop of more than 10%,$KUAISHOU-W (01024.HK)$A drop of nearly 9%,$MEITUAN-W (03690.HK)$,$BABA-SW (09988.HK)$They all followed suit.
However, dragged down by the declining trend of weighted technology stocks,$Hang Seng TECH Index (800700.HK)$At one point, the intraday period also fell by more than 4%, hitting a new low during the new year.
In addition, many Hang Seng Technology ETF funds listed on the Shanghai and Shenzhen Stock Exchange also experienced collective “market smashing”, with declines of more than 4%, all hitting new lows during the year.
According to data previously monitored by Guoxin Securities, by the end of October, the valuation of the price-earnings ratio of the Hang Seng Technology Index had fallen below 22 times, which is at the 1.76% quorum since the establishment of the Hang Seng Technology Index. However, over the past month and a half, the Hang Seng Technology Index has accumulated a cumulative decline of nearly 6% from the October closing point, and the valuation level continues to decline.
It is worth noting that due to the closure of the Hong Kong stock market next Monday and Tuesday, the Hang Seng Technology ETF fund listed on the A-share market may continue to respond to the news.
editor/tolk