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《港股》恒指收跌247點 手機股及油股挫 地產及個別內需股逆漲

Hong Kong stock market: Hang Seng Index fell by 247 points, with mobile and oil stocks declining, while real estate and individual domestic demand stocks rose in opposition.

AASTOCKS ·  Aug 5 16:35

US futures and Asian stocks fell, and the decline in Hong Kong stocks was supported by the rise in the Renminbi exchange rate. The Hang Seng Index opened low by 268 points, and the initial decline narrowed to less than 1 point, reaching 16,944 points. Later, it grew, and the Nikkei fell by more than 4,400 points or 12% in the afternoon. The Hang Seng Index once fell 504 points and reached a low of 16,441 points. The decline narrowed later in the day, falling by 247 points or 1.5% for the whole day, closing at 16,698 points; the National Index fell 98 points or 1.6%, closing at 5,876 points; the Hang Seng Information Technology Index fell 46 points or 1.4%, closing at 3,339 points. The total turnover of the market for the whole day increased to 135.015 billion yuan. The net inflow of southbound transactions for the Shanghai and Shenzhen Connect was RMB 2.799 billion and RMB 0.981 billion, respectively.

International bank stocks are under pressure, with HSBC (00005.HK) falling 5.6% to HKD 62.05 and Standard Chartered (02888.HK) falling 6.9% to HKD 67.55. In insurance stocks, AIA (01299.HK) gained 1.8% for the day. As for other financial stocks, Ping An Insurance Group further increasing its holding of H shares of ICBC (01398.HK), which fell 2.3%, and Ping An (02318.HK) fell 0.4%. Hong Kong Exchanges and Clearing (00388.HK) fell 1%. Agricultural Bank of China (01288.HK) and Bank of China (03988.HK) fell more than 3%.

Expectations of a substantial interest rate cut boosted property stocks. Nine Dragons Paper (01997.HK) and Shanghai New World (00017.HK) rose by 6.2% and 5.3%, respectively. Sun Hung Kai Properties (00016.HK), Link Real Estate Investment Trust (00823.HK), Cheung Kong Property Holdings (01113.HK) and Swire Properties (01972.HK) rose more than 2%. MTR Corporation (00066.HK) rose 2.2%. Among some domestic demand stocks, Bud APAC (01876.HK), Tongcheng-Elong (00780.HK), Mengniu Dairy (02319.HK), China Feihe (06186.HK) and China Logistics (00288.HK) rose by 2.5% to 3.3%. Gaming stocks Galaxy Entertainment (00027.HK) and Sands China (01928.HK) rose by 2.2% and 3.6%, respectively, while MGM China (02282.HK) rose 3.7%.

Oil prices fell sharply, and PetroChina (00857.HK) and CNOOC (00883.HK) fell 5.4% and 6.4%, respectively. Coal stocks Shenhua (01088.HK), Yanzhou Coal Mining (01171.HK) and China Coal (01898.HK) fell more than 3%. Resource stocks Rusal (00486.HK), Aluminum Corporation of China (02600.HK) and Jiangxi Copper (00358.HK) fell by 3% to 3.7%, and gold stocks Shandong Gold Mining (01787.HK), Zijin Mining (01818.HK) and China Gold International Resources (02099.HK) also fell by more than 3%. China Silver Group (00815.HK) fell 5.6%.

Stock god Buffett significantly reduced his holdings in Apple, and mobile-related stocks were weak, with Q Technology (01478.HK), Foxconn International (02038.HK) and AAC Technologies Holdings (02018.HK) falling 8.8% to 10%, and BYD Electronic (00285.HK), Goertek (01415.HK), AAC Technologies Holdings (02018.HK) and Sunwoda Electronic (02382.HK) fell 5.5% to 6.4%. Chip equipment stock ASMPT (00522.HK) and chip stock SMIC (00981.HK) fell 6.2% and 5.3%, respectively.

Mainland China approves 75 imported online games, including Tencent's (00700.HK) hosting of Rainbow Six National Clothes. Tencent's daily price fell 0.4% to HKD 356.6. Among other technology stocks, Alibaba (09988.HK), Xiaomi (01810.HK), JD.com (09618.HK) and Netease (09999.HK) fell 1.4% to 2%, Baidu (09888.HK) fell 2.9%, and Meituan (03690.HK) and Bilibili (09626.HK) rose 2.7% and 3.2%, respectively. Shoetown (00020.HK), GDS Holdings (09698.HK) and Tencent Music (01698.HK) fell 7.9% to 8.4%, and Xindong ((02400.HK) fell 5.5%. In auto stocks, Ideal Group (02015.HK), Changchun Auto (02333.HK), Nio Inc (09866.HK) and Xiaopeng Auto (09868.HK) fell 2.7% to 3.1%, and Leapmotor (09863.HK) fell 3.9%.

Lee's Pharmaceutical (00950.HK) doubled its net profit in the first half of the year, earning at least HKD 58 million, and its stock price rose 6.5%. Nai Xue's tea (02150.HK) is estimated to have a minimum adjusted net loss of RMB 0.42 billion in the first half of the year, and its stock price fell 15.9%.

The translation is provided by third-party software.


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