醫藥股跌幅亦較大，藥明生物(02269.HK)、白雲山(00874.HK)、復星醫藥(02196.HK)、金斯瑞(01548.HK)及威高(01066.HK)跌5%至6.8%，康希諾(06185.HK)及康龍化成(03759.HK)跌8.1%及11.5%。消費股方面，貓眼(01896.HK)、恒安(01044.HK)，阿里影業(01060.HK)及滔搏(06110.HK)跌逾4%，中免(01880.HK)、特步(01368.HK)及九毛九(09922.HK)跌5.6%至7.2%。After falling by more than 2,100 points yesterday (8th), the Hong Kong stock market fluctuated, with the Hang Seng Index opening high by 363 points, reaching as high as 21,417 points, then dropping 736 points to 20,190 points. In the afternoon, news of the country's new office holding a press conference to introduce the enhancement of fiscal policies caused an increase again in the Hong Kong stock market, but it fell again before the close, ending the day down by 289 points or 1.4%, closing at 20,637 points. The high-low range was 1,227 points: the China Enterprises Index fell by 118 points or 1.6%, closing at 7,365 points; the Hang Seng Tech Index fell by 55 points or 1.2%, closing at 4,640 points. The total turnover for the day in the market was 427.014 billion yuan.
Building materials and heavy equipment stocks declined, with Angang Steel (00347.HK), China National Building Material (03323.HK), Maanshan Steel (00323.HK), Zoomlion Heavy Industry Science & Technology Co., Ltd. (01157.HK), and Jinyu Group Co., Ltd. (02009.HK) all falling by 8% to 11%. Among railway stocks, China Communications Construction Co., Ltd. (01800.HK), China Railway Construction Corporation Limited (01186.HK), Times Electric Group Co., Ltd. (03898.HK), China Railway Signal & Communication Corporation Limited (03969.HK), China North Industries Group Corporation Limited (01766.HK), and China Railway Group Limited (00390.HK) all dropped by 5.5% to 6.7%. In the new energy sector, Xinyi Solar Holdings Limited (00968.HK) and Xinyi Glass Holdings Limited (00868.HK) fell by more than 5%, Goldwind Science & Technology Co., Ltd. (02208.HK) fell by 6.4%, Xinxiang Chemical Fiber Co., Ltd. (03800.HK), Xinte Energy Co., Ltd. (01799.HK), and Flat Glass Group Co., Ltd. (06865.HK) all fell by 8% to 11%. Utility company Guangdong Investment Limited (00270.HK) fell by 7.7%. Lithium stocks Ganfeng Lithium Co., Ltd. (01772.HK) and Tianqi Lithium Corporation (09696.HK) both fell by over 7%.
Mainland Chinese stocks retreated, with brokerage stocks China Minsheng Financial Holding Corporation Limited (03908.HK), China Securities Co., Ltd. (06066.HK), GF Securities Co., Ltd. (01776.HK), Huatai Securities Co., Ltd. (06886.HK), and China Galaxy Securities Co., Ltd. (06881.HK) all falling by 9% to 13%. In the mainland insurance sector, Ping An Insurance (Group) Company of China, Ltd. (02318.HK) and China Taiping Insurance Holdings Company Limited (01339.HK) fell by 4% and 4.2%, China Pacific Insurance (Group) Co., Ltd. (02328.HK) and ZhongAn Online P & C Insurance Co., Ltd. (06060.HK) both fell by over 5%. Mainland real estate stocks retreated, with Yuexiu Property Company Limited (00123.HK), Sunac China Holdings Limited (01030.HK), and China Evergrande Group (03377.HK) all falling by over 5%, China Jinmao Holdings Group Limited (00817.HK) and China Vanke Co., Ltd. -A- (02202.HK) fell by 7.6% and 8.5%.
Pharmaceutical stocks also experienced significant declines, with Wuxi Biologics (Cayman) Inc. (02269.HK), Baiyunshan Pharmaceutical Holdings Company Limited (00874.HK), Fosun Pharma (02196.HK), CSPC Pharmaceutical Group Limited (01548.HK), and Porton Pharma Solutions Inc. (01066.HK) all falling by 5% to 6.8%, CanSino Biologics Inc. (06185.HK) and Pharmaron (06110.HK) falling by 8.1% and 11.5%. In the consumer sector, Maoyan Entertainment (01896.HK), Hangdian (01044.HK), Ali Pictures (01060.HK), and Topsports International Holdings Limited (06110.HK) fell by over 4%, China Duty Free International Limited (01880.HK), Xtep International Holdings Limited (01368.HK), and Jiumaojiu International Holdings Limited (09922.HK) fell by 5.6% to 7.2%.
In the technology sector, Meituan (03690.HK) bucked the trend with a 2.3% increase. Tencent Holdings Limited (00700.HK), JD.com, Inc. (09618.HK), Baidu, Inc. (09888.HK), and Bilibili Inc. (09626.HK) fell by 0.8% to 1%, Alibaba Group Holding Limited (09988.HK), Xiaomi Corporation (01810.HK), and NetEase, Inc. (09999.HK) fell by 1.5% to 1.8%, Kuaishou Technology (01024.HK) fell by 3.4%. In addition, Ebuy (01797.HK), Alibaba Health Information Technology Limited (00241.HK), and Weimob Inc. (02013.HK) fell by 7.1% to 9.6%, Meitu, Inc. (01357.HK) fell by 10.9%. Car stocks Changjiang Auto Co., Ltd. (02333.HK) and Leapmotor Inc. (09863.HK) fell by 4.1% and 5.1%. Xiaopeng Inc. (09868.HK) rose by 4%.
Israel and Lebanon reportedly discussed a ceasefire, with shipping stocks Orient Overseas (International) Limited (00316.HK) and Pacific Basin Shipping Limited (02343.HK) falling by over 4%, COSCO Shipping Holdings Co., Ltd. (01919.HK) falling by 7.8%. Among the three major oil companies, CNOOC Limited (00883.HK) fell by over 5%, China Petroleum & Chemical Corporation (00386.HK) and PetroChina Company Limited (00857.HK) both fell by over 3%. In other stocks, HSBC Holdings plc (00005.HK) fell by 1%, Hong Kong Exchanges and Clearing Limited (00388.HK) fell by 5.5%, AIA Group Limited (01299.HK) rose by 0.6%.
