Futu News reported on April 16 that the three major indices of Hong Kong stocks declined one after another. As of noon trading, the Hang Seng Index fell 1.93%, the Science Index fell 2.70%, and the National Index fell 1.82%.
By the midday close, Hong Kong stocks had risen 316, down 1,467, and closed at 1,210.
On the sector side, TechNet shares generally fell, with Kuaishou falling more than 4%, Bilibili nearly 4%, Xiaomi falling more than 3%, JD, Ali, Meituan, Baidu, and NetEase falling more than 2%, and Tencent falling slightly.
Auto stocks declined one after another, with NIO falling nearly 10%, Xiaopeng Motors and Zero Sports Auto falling nearly 6%, Ideal Auto falling nearly 5%, Great Wall Motors falling more than 4%, and BYD shares falling nearly 2%.
Biotech stocks fell collectively, with Kingsley Biotech falling more than 4%, Genting Xinyao falling more than 3%, Pharmaceutical Kangde and Pharmaceutical Biotech falling more than 2%, and Kangfang Biotech falling more than 1%.
Gaming stocks fell, with Aobo Holdings, Sands China, and Macau International Development falling more than 4%, while Wynn Macau, Galaxy Entertainment, and MGM China fell nearly 4%.
Many insurance stocks fell, AIA Insurance fell more than 3%, China Ping An fell nearly 2%, China Life Insurance fell more than 1%, and China Taibao and China Financial Insurance fell slightly.
On the other side, petroleum stocks and coal stocks bucked the trend, while PV stocks, catering stocks, cement stocks, and sporting goods stocks performed poorly.
In terms of individual stocks,$AIA (01299.HK)$It fell more than 3%, and the CIRAC's joint action raised concerns. The agency indicated that its stock price trend deviated from fundamentals.
$SUNNY OPTICAL (02382.HK)$It fell nearly 6%, iPhone sales fell nearly 10% in the first quarter, and may continue to be under pressure in the second quarter.
$GENSCRIPT BIO (01548.HK)$It fell more than 4%. The company's stock price hit a new low in recent years, and CDMO's short-term demand growth and profitability were under pressure.
$FLAT GLASS (06865.HK)$It fell more than 6%. The agency believes that the overall demand for photovoltaic glass falls short of expectations, and it is expected that prices will fluctuate mainly at low levels.
$CANGGANGRAILWAY (02169.HK)$The increase was more than 42%, and the annual revenue increased 4.68%. The agency said that stable railway profits have a high dividend basis.
$FIT HON TENG (06088.HK)$It fell nearly 6%, and the stock price fell 20% in 4 days. Net profit for the first quarter is expected to turn a loss into a profit.
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Edit/Cynthia