Futu News on July 8th: The main stock indexes in Hong Kong fell weakly. As of press time, the Hang Seng Index fell 1.43%, the National Index fell 1.42%, and the Technology Index fell 0.82%.
In terms of sectors, network technology stocks fell more than they rose. Ali Health, Tencent Music, JD Health, and Bilibili all fell more than 2%. Netease, Alibaba, and Meituan all fell more than 1%.
Harbour transportation stocks fell across the board. Cosco Shipping Holdings fell more than 7%, while Cosco Shipping Development and OOIL fell more than 6%.
Biotechnology stocks saw a pullback, with Crystal-Tech Electronics falling nearly 14%, Yongtaihe Biology falling more than 11%, and Remegen falling more than 7%.
Mainland real estate stocks fell, with Shimao Group falling more than 8%, Sunac China falling nearly 7%, while China Vanke, Agile Group, R&F Properties, and Logan Group all fell more than 5%.
Insurance stocks fell across the board, with Ping An Insurance falling more than 2%, while New China Life Insurance, PICC Group, AIA, and China Taiping all fell more than 1%.
Mainland education stocks performed weakly, with New Oriental Education falling more than 4%, while China Edu Group and Scholar Education both fell more than 2%.
In terms of individual stocks,$NIO-SW (09866.HK)$Nio Inc. fell more than 4%, as CFO Feng Wei resigned and Qu Yu took over.
$UBTECH ROBOTICS (09880.HK)$Tencent Music fell more than 11% for the second consecutive day, having fallen more than 16% at the close last Friday.
$CTG DUTY-FREE (01880.HK)$Consumer stocks fell nearly 5%, welcoming the bullish news of the consumption tax and rising more than 13% last week.
$CANVEST ENV (01381.HK)$Grandblue Environment (601988.SH) rose more than 5%, receiving a privatization proposal.
Editor/Jeffy
