Futu News, August 29th, Hong Kong's three major stock indexes fell in early trading, and the technology index fell as much as 2% during the day. At the time of publication, $Hang Seng Index (800000.HK)$fell 0.82%,$Hang Seng TECH Index (800700.HK)$fell 1.64%,$Hang Seng China Enterprises Index (800100.HK)$fell 1.07%.
In terms of sectors, most technology stocks fell, with Meituan's performance exceeding expectations, rising more than 9% in the opposite direction. Netease, Baidu, Xiaomi, Kuaishou, and JD.com all fell more than 2%, while Alibaba, Tencent, and others followed suit.
Automotive stocks collectively fell, with Li Auto down more than 11%, Xpeng down more than 8%, Nio down nearly 8%, and Zeekr, Great Wall Motor, BYD, Geely Auto, and others following suit.
Apple concept stocks all declined, with BYD Electronic plummeting more than 11%, Q-Tech down more than 3%, AAC Tech and Cowell Electronics slightly down.
Insurance stocks are active against the trend, with PICC Group rising more than 5%, PICC P&C rising nearly 4%, and New China Life Insurance, China Life Insurance, and others following suit.
In terms of individual stocks, $MEITUAN-W (03690.HK)$ The stock soared more than 9% after the performance report, with the company's Q2 net profit growth exceeding 77%, and plans to repurchase up to 1 billion US dollars of shares.
$LI AUTO-W (02015.HK)$ Netease fell more than 11%, with the company's Q2 net profit of 1.1 billion yuan, a year-on-year decline of 52.3%.
$PICC GROUP (01339.HK)$ Rising more than 5%, hitting a 15-month high, the company's net income attributable to shareholders in the first half of the year was 23.4 billion yuan, a year-on-year increase of 13.7%.
$BLACK SESAME (02533.HK)$Rising nearly 8%, hitting a historic high, the company's mid-year revenue increased by nearly 70% year-on-year and turned losses into profits.
$BYD ELECTRONIC (00285.HK)$ Dropping by nearly 13%, the company's first-half revenue was 78.581 billion yuan, a year-on-year increase of 39.87%.
$SHENZHOU INTL (02313.HK)$ Continuing the decline from yesterday, it is now down by over 11%. Goldman Sachs stated that the first-half revenue fell short of expectations, while Fidelity said the company may revise down its sales guidance.
$GUANGDONG INV (00270.HK)$Up nearly 10%, the company's revenue for the first half of the year was HKD 12.291 billion, an increase of 8.1% year-on-year, with dividend growth of 28.1%.
Editor/rice
