On June 12th, Futu News reported that the Hong Kong stock market continued to pull back, and market sentiment was relatively low. The Hang Seng Index and the H share index fell by 1.45% and 1.54%, respectively, and the Hang Seng Tech Index fell by 1.51%.
As of the noon closing, 580 Hong Kong stocks rose, 1132 fell, and 1309 remained unchanged.
In terms of sectors, large technology stocks fell slightly, with Meituan and JD.com both down more than 1%. Baidu, Tencent, and Alibaba Micro fell slightly.
Biotech stocks rose against the trend, with Wuxi Bio (subsidiary of Wuxi AppTec Co Ltd) leading the gains with a surge of more than 16%.
Apple supplier stocks are strong, with AAC Tech rising more than 6%, Q Tech and BYD Electronic rising more than 4%, and FIH rising more than 3%.
Semiconductor stocks were under pressure, with leading stock Semiconductor Manufacturing International Corporation falling more than 5% and Hua Hong Semiconductor falling more than 3%.
Automobile stocks fell sharply, with Evergrande Vehicle performing the worst with a drop of nearly 20%, NIO Inc falling nearly 8%, and Geely Auto falling more than 5%.
For the second consecutive day, shipping stocks collectively fell, with Pacific Basin Shipping falling by nearly 5% and SITC falling by more than 4%.
In terms of individual stocks,$WUXI BIO (02269.HK)$Futu Holdings Ltd stocks rebounded significantly by more than 16% after the proposed HR8333 bill failed to be included in the NDAA legislation, and the company repurchased nearly HK$20 million worth of stocks yesterday.
$WUXI XDC (02268.HK)$Up over 13%, institutions say downstream demand needs to improve, with sector's overall valuation at a low level.
$EVERG VEHICLE (00708.HK)$Evergrande Vehicle fell by nearly 20% as the company had to return the 1.9 billion yuan subsidy reward and undergo production suspension and rectification in Tianjin.
New electric vehicle startups such as 'We Xiaoli' all fell, down almost 8%.$NIO-SW (09866.HK)$Down almost 8%, with multiple countries announcing additional tariffs recently, electric vehicle exports in May fell both month-over-month and year-over-year.
TOP20 turnover in half a day
Editor/Emily