Futu News on June 11th reported that the three major Hong Kong stock indexes collectively fell. As of midday, the Hang Seng Index fell 1.67% and temporarily broke through the 18,000 points level. The Huatai-Bauhinia Index fell 1.24%, and the Guotai Jun'an Index fell 1.68%.
As of the midday close, 426 stocks rose, 1365 fell, and 1229 closed even on the Hong Kong stock market.
In terms of sectors, many tech stocks fell, with Bilibili and Tencent Music falling more than 3%, Xiaomi and Baidu falling more than 2%, Tencent and Alibaba falling about 1%, and Meituan rising nearly 2% against the trend.
China mainland banking stocks fell collectively, with Zhongyuan Bank falling nearly 6%, Bank of Bohai and China CITIC Bank falling nearly 4%, and China Merchants Bank, Agricultural Bank of China, and China Construction Bank falling nearly 3%.
Sea transportation stocks fell collectively, with COSCO Shipping Holdings plunging nearly 13%, COSCO Ship Energy falling nearly 11%, and OOIL dropping nearly 10%.
Gold industrial concept stocks generally fell, with Zhaojin Mining falling nearly 11%, Chi Silver GP falling nearly 9%, and SD Gold falling more than 7%.
On the other hand, recent IPOs outperformed in the market downturn, with Suteng Ju Chuang surging nearly 70% at one point, leading the way. Many stocks, such as Meizhong Jiahe, also hit historic highs, while some lithium battery stocks have risen, including Chaowei Power and BYD Company.
In terms of individual stocks,$COSCO SHIP HOLD (01919.HK)$The shipping index plummeted during the day, and port and sea transportation stocks fell sharply, with some falling nearly 13%.
$ROBOSENSE (02498.HK)$At one point, it surged nearly 70% to set a new high, but later narrowed its gains to about 48%, and was announced as included in the Hong Kong Stock Connect today.
$EAST BUY (01797.HK)$It fell over 9% to hit a two-year low, with its stock price halved this year. The company has recently encountered negative publicity, and Dong Yuhui revealed that he had resisted selling products.
TOP20 turnover in half a day
Editor/Emily