Futu News on October 9th, the Hong Kong stock market opened high and then declined. In the morning, the Hang Seng Index and the China Enterprises Index rose by over 1.7%, while the Technology Index rose by nearly 3%; later, they quickly turned down after reaching highs. By the midday break, the Hang Seng Index and China Enterprises Index fell by over 1%, and the Technology Index dropped by nearly 0.9%.
As of the midday close, 365 Hong Kong stocks rose, 1775 fell, and 930 remained unchanged.
In terms of sectors, tech stocks were down across the board. Kuaishou-W dropped by 3.42%, SenseTime-W dropped by 3.28%, Meituan-W rose by 2.50%, Alibaba-W fell by 1.91%, Baidu Group-SW fell by 1.85%, JD.com Group-SW fell by 0.67%, Xiaomi Group-W fell by 0.63%, and Tencent Holdings dropped by 0.14%.
Building materials stocks weakened, with China National Building Material falling by 9.15%, China Lesso falling by 8.64%, BBMG Corporation falling by 8.33%, Conch Cement falling by 8.26%, Asia Cement (China) falling by 6.34%, CR Building Materials Technology falling by 6.06%, West China Cement falling by 4.31%, and Huaxin Cement falling by 3.41%.
Real estate sector declined, with China Resources Land falling by over 5%, China Vanke falling by over 7%, Sino-Ocean Group falling by more than 4%, CIFI Holdings Group falling by nearly 5%, Sunac China falling by over 5%, and R&F Properties rising by over 11%.
Securities and brokerage stocks mostly fell, with Shenwan Hongyuan falling by 14.24%, HTSC falling by 10.39%, Orient falling by 9.68%, GF Securities falling by 9.37%, CSC falling by 8.98%, China Galaxy falling by 6.97%, China Merchants Securities falling by 5.47%, and CICC falling by 5.08%.
Mainland insurance companies trended lower, with China Life Insurance falling by nearly 4%, Ping An Insurance falling by over 4%, AIA rising by nearly 1%, China Pacific Insurance falling by nearly 5%, New China Life Insurance falling by over 3%, and Za Online falling by nearly 6%.
Heavy infrastructure stocks generally declined, with China Railway falling by 6.46%, China Communications Construction falling by 6.24%, China Railway Construction falling by 5.93%, Metallurgical Corporation of China falling by 5.36%, China Aluminum International Engineering Corporation falling by 5.05%, China Hongbao falling by 4.76%, China State Construction International falling by 1.34%, and Build King Holdings remaining unchanged.
Most of the shipping and port stocks fell, with cosco ship engy falling by 8.21%, cosco shipping holdings falling by 6.83%, pacific basin falling by 5.93%, ooil falling by 5.17%, china mer port falling by 3.03%, sinotrans limited falling by 2.81%, sitc falling by 2.67%, qingdao port international falling by 1.70%.
Pharmaceutical stocks weakened, with pharmaron falling by 10.26%, 3sbio falling by 8.86%, cspc pharma falling by 6.11%, fosun pharma falling by 5.86%, innovent bio falling by 4.69%, hutchmed (china) falling by 3.67%, sino biopharm falling by 3.64%, hansoh pharma falling by 1.94%.
In terms of individual stocks, $BABA-W (09988.HK)$ Dropping nearly 2%, you can now shop directly on Taobao within the WeChat app, supporting account binding for both platforms.
$MEITUAN-W (03690.HK)$Rising over 2%, Keeta will be launched in the capital of Saudi Arabia today, with Daiwa raising the company's earnings forecast and target price. $BEKE-W (02423.HK)$ Rising nearly 1%, during the National Day period, the second-hand and new home transactions in Chengdu's ke holdings hit a new high for the year.
$XPENG-W (09868.HK)$ Rising nearly 6% against the market trend, the car market sales surged during the National Day holiday, bringing strong growth momentum before the end of the year.
$BIDU-SW (09888.HK)$ Falling nearly 2%, Baidu announced the launch of self-driving taxi services overseas to accelerate the global deployment of autonomous driving.
$HTSC (06886.HK)$ Dropping over 10%, UBS Group believes that there are multiple catalytic factors in the mainland securities industry, with CSC and HTSC being the top choices.
$CHINA LIFE (02628.HK)$Leading the decline among mainland insurance companies by more than 5%, CICC states that the market's expectations for investment returns on insurance stocks are already high.
$LENOVO GROUP (00992.HK)$ Rising by nearly 1%, the company will host the global technology conference Tech World on October 15, showcasing the most comprehensive AI product portfolio in the industry through new product and technology demos.
$SHIMAO GROUP (00813.HK)$ Rising by more than 2%, the joint meeting of the Ministry of Housing and Urban-Rural Development and the China Banking and Insurance Regulatory Commission indicated that financial institutions should increase scrutiny on the 'white list' projects and lending efforts.
$SMIC (00981.HK)$ Increasing by nearly 1%, Minister of Commerce Wang Wentao had a conversation with U.S. Secretary of Commerce Raimondo, expressing serious concerns about U.S. semiconductor policies towards China, restrictions on Chinese networked vehicles, and other issues.
Top 10 half-day trading volume
编辑/Wade
