Futu News reported on February 28 that the three major indices fell slightly. As of midday trading, the Hang Seng Index fell 0.27%, the Science Index fell 0.04%, and the National Index fell 0.76%.
By the midday close, Hong Kong stocks had risen 705, down 982, and closed at 1,294.
On the sector side, TechNet shares had mixed ups and downs. NetEase rose more than 5%, Baidu rose more than 1%, Meituan fell more than 2%, Tencent fell more than 1%, JD and Xiaomi fell nearly 1%, and Kuaishou and Bilibili fell slightly.
Auto stocks had mixed ups and downs. Xiaopeng Motors fell nearly 3%, NIO and Great Wall Motors fell more than 2%, BYD shares and Zero Sport Motors fell more than 1%, and Ideal Auto rose nearly 4%.
Domestic housing stocks and property management stocks weakened collectively. Country Garden fell more than 12%, Sunac China fell more than 6%, Longhu Group fell more than 4%, and Vanke Enterprise and China Resources Land fell more than 2%.
The trend of pharmaceutical stocks diverged. Pharma Ming Kangde fell more than 2%, Pharma Biotech fell more than 1%, BeiGene Shenzhou rose more than 6%, and Kingsley Biotech rose nearly 1%.
Sporting goods stocks fell sharply, with Anta Sports and Li Ning falling nearly 4%, and Teb International falling nearly 1%.
Semiconductor stocks declined one after another, with Fudan in Shanghai falling nearly 8%, Huahong Semiconductor falling nearly 4%, and SMIC falling more than 1%.
On the other side, the performance of gold stocks, Apple concept stocks, and oil stocks was sluggish, with three barrels of oil falling sharply.
In terms of individual stocks,$LI AUTO-W (02015.HK)$With an increase of nearly 4%, Lyon raised its target price to HK$220, maintaining a “buy” rating.
$NTES-S (09999.HK)$With an increase of more than 5%, its “Operation Apocalypse” was approved, and the company will release the results after the market tomorrow.
$SAMSONITE (01910.HK)$It rose by more than 3%. Reports say that the company has received a takeover intention and is considering privatization.
$COUNTRY GARDEN (02007.HK)$It fell by more than 12%, and a winding-up petition was filed. The pace of recovery in new home sales was not as fast as in previous years.
$LI NING (02331.HK)$With a drop of nearly 4%, Goldman Sachs indicated that its sales growth prospects have slowed down and lowered earnings estimates and target prices.
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Edit/Chris