Futu News reported on January 30 that the three major indices fell collectively. As of press release, the Hang Seng Index had fallen 2.42%, the Science Index had fallen 3.24%, and the National Index had fallen 2.53%.
On the sector side, TechNet stocks have collectively weakened, with Kuaishou and JD falling more than 3%, Tencent, Xiaomi, and Meituan falling more than 2%, and Baidu and Ali falling more than 1%.
Auto stocks generally fell. BYD shares fell nearly 6%, Geely Auto fell more than 3%, Zero Sports Auto fell nearly 2%, Great Wall Motor and Ideal Auto fell more than 1%, and NIO fell nearly 1%.
Domestic housing stocks and property management stocks fell collectively. Yuexiu Real Estate, Longhu Group, and Shimao Group fell more than 6%, Xincheng Yue Service fell more than 5%, and Xuhui Yongsheng Services and CNOOC Properties fell more than 4%.
Most biotech concept stocks fell. Pharmaceutical Biotech continued to decline by more than 4%, Kingsray Biotech and Rongchang Biotech fell more than 3%, Kangfang Biotech and Connoya fell more than 2%, and Pharmaceutical Kangde bucked the trend and rose nearly 1%.
In terms of individual stocks,$EVERG VEHICLE (00708.HK)$Opening low and moving high, it has now fallen nearly 1%. At the beginning of the market, it plummeted by more than 12%. The controlling shareholder, China Evergrande, was ordered liquidated by the Hong Kong High Court.
$BYD COMPANY (01211.HK)$It fell more than 6%, and Citi said the net profit of its core business for the fourth quarter was lower than expected.
$ND PAPER (02689.HK)$With a rise of more than 15%, Fayingxi is expected to turn losses into profits of 200,000-400 million yuan in the medium term.
Editor/Somer
