Futu News reported on April 11 that the three major indices of Hong Kong stocks fell sharply. As of press release, the Hang Seng Index fell 1.16%, the Science Index fell 1.71%, and the National Index fell 1.14%.
On the sector side, TechNet stocks generally fell, NetEase fell more than 3%, Kuaishou fell more than 2%, Baidu, JD, and Bilibili fell more than 1%, and Tencent, Ali, and Meituan fell slightly.
Most auto stocks declined, ideally by more than 2%, while BYD, Xiaopeng, Geely, Great Wall, and Guangzhou Automobile Group fell by about 1%.
Domestic housing stocks and property management stocks fell collectively. Shimao Group fell more than 7%, Sunac China and Xuhui Holdings fell more than 4%, and Vanke Enterprise, China Overseas Development, Longhu Group, and Country Garden Services fell about 3%.
Gold stocks strengthened; Zhaojin Mining rose more than 2%, Zijin Mining and Shandong Gold rose more than 1%.
In terms of individual stocks,$XINYI SOLAR (00968.HK)$If it falls by more than 3%, the industry will have a large amount of production capacity, making it difficult for demand to continue to rise sharply.
$EDIANYUN (02416.HK)$The reverse market rose by more than 16%, and after 23 years of phased pressure, institutions expect performance indicators to achieve rapid growth.
$SHIMAO GROUP (00813.HK)$It fell by more than 7%, and the High Court did not issue a winding-up order to liquidate the company.
editor/tolk