恒指82隻成份股中只有4隻上升。內需股顯著受壓，華潤飲料(02460.HK)今日起招股，同系華潤啤酒(00291.HK)卻急挫12.4%，報29.6元，成交10.56億元。另蒙牛乳業(02319.HK)報16.04元，跌7.92%，成交5.94億元。農夫山泉(09633.HK)現報30.2元，跌5.2%。另李寧(02331.HK)、百威亞太(01876.HK)及海底撈(06862.HK)亦跌約5%至6%。On the night of the 14th, the three major US indices performed well, with the Dow and S&P 500 both hitting historical highs, and the AI chip stock leader Nvidia (NVDA.US) also reached a peak. Most major stock markets in the Asia-Pacific region rose on Tuesday the 15th, with the Nikkei Index rising for the fourth consecutive day, regaining the 40,000 point mark, the Australian 200 Index reaching a new high, and Taiwan's stock market also rising to nearly a three-month high. However, the Shanghai, Shenzhen, and Hong Kong stock markets were relatively weak, with significant afternoon declines.
Mainland China announced that September exports in US dollars rose by 2.4% year-on-year, far below market expectations; while September imports in US dollars rose by 0.3% year-on-year, slightly below market expectations. The offshore RMB once fell below the 7.13 level today, hitting a low of 7.1342, the lowest in over a month. It is currently quoted at 7.1271 against the US dollar, down 335 points or nearly 0.5%. Onshore RMB once fell below the 7.12 level, hitting 7.1223, and is currently quoted at 7.1165 against the US dollar, down 265 points or nearly 0.4%.
In the afternoon, A-shares in mainland China experienced expanded declines, with the Shanghai Composite Index and the Shenzhen Component Index falling by approximately 2.22% and 2.15% respectively, to 3,211 and 10,105. The Hong Kong stock market once plummeted by 833 points in the afternoon, hitting a low of 20,259; it is currently at 20,270, down 822 points or 3.9%, with a turnover of 191.443 billion. The Hang Seng Tech Index fell by an even greater margin of 4.4%, to 4,460.
Out of the 82 constituent stocks of the Hang Seng Index, only 4 rose. Domestic-demand stocks were significantly under pressure. China Resources Beverage (02460.HK) began new share offerings today, but China Resources Beer (00291.HK) from the same group plummeted by 12.4% to 29.6 yuan, with a turnover of 1.056 billion. Mengniu Dairy (02319.HK) reported 16.04 yuan, down 7.92%, with a turnover of 0.594 billion. Nongfu Spring (09633.HK) is currently at 30.2 yuan, down 5.2%. Li Ning (02331.HK), Bud APAC (01876.HK), and Haidilao (06862.HK) also fell by around 5% to 6%.
Heavyweight technology stocks dragged down the overall market, with Meituan-W (03690.HK) currently at 170.1 yuan, down 7.35%, with a turnover of 9.353 billion. Alibaba-W (09988.HK), Tencent (00700.HK), Baidu-SW (09888.HK), JD.com-SW (09618.HK), and Trip.com-S (09961.HK) also fell by 4.5% to 6.7%.
Tomorrow (the 16th), Chief Executive John Lee Ka-chiu will deliver a new "Policy Address", with the market focusing on whether there will be further measures to support the stable development of the property market. New World (00016.HK) received a rating upgrade to 'buy' from UBS, with the target price raised to 12 yuan. However, the stock price followed the overall market trend and fell by 0.6% in the afternoon to 84.85 yuan, with a turnover of 0.506 billion. MTR Corporation (00066.HK), Hang Lung Properties (00012.HK), Sino Land (00083.HK), and CK Asset (01113.HK) fell by 2.2% to 3.2%, while Shanghai New World (00017.HK) plunged by 5.7% to 7.94 yuan. Link REIT (00823.HK) fell by 2.3%, Hang Lung PPT (00101.HK) and K Wah Int'l (01997.HK) fell by 4.9% to 6.6%.
Concerns about oversupply in the mainland's solar glass market are intensifying. Xinyi Solar (00968.HK) has been downgraded by several major banks to 'neutral', with Citi and Morgan Stanley lowering its rating to 'neutral'. It is currently at 3.18 yuan, down 9.4%, with a turnover of 0.402 billion. Xinyi Glass (00868.HK) from the same group also fell by 6%, currently at 8.25 yuan, with a turnover of 0.103 billion.
Local heavyweight financial stocks trended downward, with HSBC (00005.HK) slightly down by 0.9%, AIA (01299.HK) down by 3.8%, and HKEX (00388.HK) plummeting by 5.3% to 305.6 yuan, with a turnover of 5.344 billion. BOC Hong Kong (02388.HK) also fell by 1.6%. Domestic banks were weak, with BOC (03988.HK), ICBC (00939.HK), and ABC (01398.HK) falling by 1.5% to 2%; CMBC (03968.HK) is currently at 38.95 yuan, down 4.4%, with a turnover of 0.755 billion. China Life (02628.HK) and Ping An Insurance (02318.HK) also fell by more than half.
