Futu News On May 23, the three major Hong Kong stock indices rebounded after an intraday decline. As of press release, the Hang Seng Index fell 1.32%, the Science Index fell 1.08%, and the National Index fell 1.29%.
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On the sector side, TechNet stocks showed weak performance. Alibaba and NetEase fell nearly 4%, Tencent Music fell more than 3%, and Xiaomi and Jingdong fell more than 2%.
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Auto stocks declined. Zero Sports Auto, Xiaopeng Auto, and Guangzhou Automobile Group fell more than 4%, NIO and Ideal Auto fell nearly 4%, and Geely Auto fell more than 3%.
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Mainland property management stocks generally fell. Lingyue Service Group fell nearly 7%, while Kangqiao Yue Life, Evergrande Property, Yongsheng Services, and Ocean Group fell more than 5%.
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Airlines stocks declined collectively, with China Southern Airlines falling more than 4%, Beijing Capital Airport shares falling more than 3%, and Cathay Pacific, Eastern Airlines, and Air China falling more than 2%.
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The non-ferrous metals sector fell one after another. Ganfeng Lithium fell more than 6%, Lingbao Gold fell 5%, and Zhaojin Mining fell more than 4%.
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Chinese brokerage stocks fell more or less, with Guangfa Securities falling nearly 4%, CITIC Construction Investment Securities falling more than 3%, and CICC, Zhongzhou Securities, and China Galaxy falling more than 2%.
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In terms of individual stocks,$KUAISHOU-W (01024.HK)$Up more than 4%, Q1 adjusted net profit was 4.388 billion yuan, up 10,347.6% year on year.
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$GDS-SW (09698.HK)$It fell nearly 13%, and net revenue for the first quarter increased 9.1% year over year to 2,627 billion yuan.
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$HBM HOLDINGS-B (02142.HK)$Buck the trend and surged more than 14%, and its wholly-owned subsidiary Nona Biotech reached a licensing agreement with AstraZeneca for the monoclonal antibody project.
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$LAEKNA-B (02105.HK)$The increase was nearly 7%, and the Phase III clinical trial plan for combination therapy for prostate cancer was approved by the FDA.
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Editor/Jeffy