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《港股》恒指收跌330點 內房股回吐 美團逆漲4%

Hang Seng Index fell by 330 points, mainland real estate stocks gave back gains, Meituan reversed the increase by 4%.

AASTOCKS ·  Oct 3 16:29

Hang Seng consolidated after six consecutive sharp rises stimulated by mainland financial measures. Hang Seng opened high with a 40-point increase before retracting, once dropping 1,001 points to a low of 21,442 points. The afternoon decline narrowed significantly, ending the day down 330 points or 1.5% at 22,113 points. The HSI Technology Index fell by 178 points or 3.5%, closing at 4,978 points. The total market turnover for the day shrank to 310.344 billion yuan.

Mainland real estate stocks fell back, with Shimao (00813.HK), Sunac (01918.HK), and K. Wah (00884.HK) dropping 21% to 27%. Jinmao (00817.HK), Hopson Development (01813.HK), Agile Group (02777.HK), Country Garden (03383.HK), and Yuexiu Property (03377.HK) fell by 12% to 16%. Greentown China (03900.HK), Longfor Group (00960.HK), and Yuexiu Property (00123.HK) dropped by over 9%. Local property stocks Hang Lung Properties (00101.HK) and Shanghai New World (00017.HK) fell by 6.6% and 11%.

Consumer stocks also experienced a decline, with Topsports (06110.HK) falling back by 12%. Miniso (09896.HK), Air China (00753.HK), China Tourism Group (01880.HK), Xiabu Xiabu (00520.HK), Maoyan Entertainment (01896.HK), China Grand Pharmaceutical and Healthcare (00881.HK), and Midea Group (00300.HK) dropped by 7.4% to 8.9%. Macau gaming stocks like Melco (00880.HK), Sands China (00200.HK), and Galaxy Entertainment (00027.HK) fell by over 5%, while MGM China (02282.HK) dropped by 7.6%. Car stocks Nio Inc (09866.HK) and XPeng Inc (09868.HK) retreated by 7.4% and 8.4%, and lithium industry stock Ganfeng Lithium (01772.HK) fell by 8.1%.

In the technology sector, Meituan (03690.HK) reversed course to rise by 4% to 205 yuan. Tencent (00700.HK) fell by 0.8%, while Alibaba (09988.HK), Baidu (09888.HK), and Kuaishou (01024.HK) dropped by 4.4% to 5.6%. Bilibili (09626.HK) and JD.com (09618.HK) declined by 7% and 7.9%. Xiaomi (01810.HK) and Netease (09999.HK) rose by 0.1% to 0.2%. Additionally, New Oriental (09901.HK), Ping An Good Doctor (01833.HK), Kingdee International Software Group (00268.HK), BYD Electronic (00285.HK), and JD Health (06618.HK) fell by 5.8% to 7%, while Alibaba Health (00241.HK), East Buy (01797.HK), and Weimob (02013.HK) retreated by 11% to 18%. Kingsoft Cloud (03896.HK) bucked the trend with an 8.1% increase.

Brokerage stocks Citic Securities (06030.HK) retreated by 8.4%, while Huatai Securities (06886.HK) continued to rise by 12.6%. Mainland insurance stocks ZhongAn Online P&C Insurance (06060.HK) and Ping An Insurance (02318.HK) fell back by 4% and 3%. Mainland banking stocks Postal Savings Bank of China (01658.HK) declined by 2.7%, while China Merchants Bank (03968.HK) rose by 3.8%. Other financial stocks like HSBC (00005.HK) and AIA (01299.HK) fell by 0.6%, and HKEX (00388.HK) dropped by 1.4%.

Medical stocks Wuxi AppTec (02359.HK) and Wuxi Biologics (02269.HK) retreated by 6.2% and 7%, while Pharmaron (03759.HK) fell by 14%. Photovoltaic stocks GCL Tech (03800.HK) and Flat Glass (06865.HK) dropped by 6.6% and 7.8%, with Xinyi Solar (00968.HK) losing 10%.

The translation is provided by third-party software.


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