A股市場受國策刺激在長假前急升，券商股連日受資金追捧，今早顯著回吐，東方證券(03958.HK)挫18.2%、中信証券(06030.HK)、中金公司(03908.HK)跌10.6%至12.6%、中國銀河(06881.HK)、廣發証券(01776.HK)、光證(06178.HK)及中信建投(06066.HK)跌6.4%至9.9%。不過，招商證券(06099.HK)表現強勢，初段曾升見21.15元創上市新高後一度隨同業倒跌，現仍逆市升1.2%，報16.7元，成交10.48億元。The US will release the latest non-farm payroll data this Friday (4th), with the three major US indices up slightly overnight on the 2nd. The Dow rose 39 points, or less than 0.1%, the S&P 500 rose less than 1 point, and the Nasdaq rose 14 points, or less than 0.1%. Tensions in the Middle East have driven up international oil prices, with Brent and NYMEX crude oil each rising by about 1% during the Asian electronic trading session. Mainland China's National Day Golden Week holiday has led to the market closure, reopening on Tuesday next week (8th). The northbound funds continue to be suspended, and the Hang Seng Index sharply reversed from its over half-year high this morning (3rd), opening high at 40 points or 0.2%, at 22,484 points, then falling sharply in the early session, currently down by 925 points or over 4.1%, at 21,518, with a turnover of 150.474 billion yuan. The Hang Seng Tech Index is down by 6.8%, at 4,803.
Mainland real estate stocks, which have been hotly traded in recent days, have seen a downturn. Blue chip companies like Country Garden Services Holdings (01109.HK) and China Overseas Land & Investment (00688.HK) fell by 5.5% to 7.8%, while Longfor Group Holdings Limited (00960.HK) dropped by 11%.
Yesterday (2nd), the real estate stocks that surged by more than four to five percent daily, and even doubled in the prices of second and third-tier stocks, saw investors locking in profits. Sunshine 100 China Holdings Ltd. (00884.HK) plunged nearly 30%, while Evergrande Group (03383.HK), Sunac China Holdings Limited (01918.HK), Shimao Group Holdings Ltd. (00813.HK), Far East Consortium International Limited (03377.HK), Hopson Development Holdings (01813.HK) all experienced sharp declines of around 20% to 26%. Longfor Group Holdings Limited (03380.HK), Agile Group Holdings Limited (00754.HK), Agile Property Holdings Limited (00817.HK), Yuexiu Property Company Limited (00123.HK), and China Vanke Co., Ltd. (02202.HK) all fell by 12% to 18%. China Fortune Land Development Co., Ltd. (01908.HK) and Greentown China Holdings Limited (03900.HK) each fell by approximately 7%, while New World Development Company Limited (01030.HK) had a slight decline of 1.3%.
The A-share market surged before the long holiday period due to national policies, with brokerage stocks being favored by funds in recent days. However, this morning saw a significant reversal, with Orient Securities International Holdings Co., Ltd. (03958.HK) plummeting by 18.2%, CITIC Securities Company Limited (06030.HK), China International Capital Corporation (03908.HK) falling by 10.6% to 12.6%, China Galaxy Securities Co., Ltd. (06881.HK), GF Securities Co., Ltd. (01776.HK), Guotai Junan Securities Co., Ltd. (06178.HK), and China Securities Co., Ltd. (06066.HK) down by 6.4% to 9.9%. However, China Merchants Securities Co., Ltd. (06099.HK) showed strong performance, initially rising to 21.15 yuan to reach a new high and then falling along with the industry, still up by 1.2% at 16.7 yuan, with a turnover of 1.048 billion yuan.
Domestic demand stocks fell back, with China Mengniu Dairy Company Limited (02319.HK) plummeting by 10.8%, China Resources Ng Fung Limited (02015.HK) falling by 7.6%, Tsingtao Brewery Co., Ltd. (00291.HK), Haidilao International Holding Ltd. (06862.HK), Budweiser Brewing Company APAC Limited (01876.HK), and Nongfu Spring Co., Ltd. (09633.HK) dropping by around 5% to 6%, and BYD Company Limited (01211.HK) falling by 4.4%.
Weighted technology and internet stocks also dragged down the overall market. Alibaba Group Holding Limited (09988.HK) plunged by 7.2% to 106.9 yuan with a turnover of 8.668 billion yuan. JD.com, Inc. (09618.HK) was down by 10.5% to 165.7 yuan with a turnover of 3.861 billion yuan. Additionally, Baidu, Inc. (09888.HK) plummeted by 8%, Trip.com Group Limited (09961.HK) fell by 5.3%, Tencent Holdings Limited (00700.HK), Meituan (03690.HK) each dropped by around 3%. Alibaba Health Information Technology Limited (00241.HK) fell by 14.3%, marking the largest drop among blue chip stocks, currently at 5.27 yuan, with a turnover of 0.485 billion yuan. JD Health International Inc. (06618.HK) also dropped by 12.1%, at 31.5 yuan, with a turnover of 0.39 billion yuan.
Old economy weighted stocks are slightly weaker, with HSBC Holdings plc (00005.HK) falling by 0.9%, AIA Group Limited (01299.HK) dropping by 1.5%. Hong Kong Exchanges and Clearing Limited (00388.HK) fell by 6.9% to 346.6 yuan, with a turnover of 5.445 billion yuan. China Merchants Bank Co., Ltd. (03968.HK), China Construction Bank Corporation (00939.HK), and Industrial and Commercial Bank of China Limited (01398.HK) also fell by 2% to 3%.
