Futu News on October 30th reported that Hong Kong stocks opened lower and fell across the board, with the Hang Seng Index dropping nearly 2%, the GEM Index falling by over 2.6%, and the National Index dropping by over 2%.
As of the midday close, 457 Hong Kong stocks rose, 1281 fell, and 1334 remained unchanged.
In terms of sectors, network technology stocks weakened, with JD Group-SW falling by 3.88%, Meituan-W by 2.80%, Kuaishou-W by 2.22%, Alibaba-W by 2.05%, Sensetime-W by 1.91%, Bilibili-W by 1.57%, Tencent falling by 1.48%, Xiaomi-W by 1.16%.
The steel sector rose against the trend, with Chongqing Iron up 18%, Brockman Mining up 25%, Kangli Int Hldg up nearly 9%, China Hanking up over 1%, IRC up over 1%.
Semiconductor stocks declined, with SMIC dropping by 7.84%, Hua Hong Semi by 5.73%, Brainhole Tech up by 5.26%, Ingdan dropping by 3.97%, HG Semi dropping by 3.66%, Shanghai Fudan dropping by 3.60%, CE Huada Tech dropping by 2.82%, Solomon Systech dropping by 1.75%.
Multiple biotech stocks declined, with Tigermed dropping by 10.69%, Cansinobio up 8.02%, Akeso dropping by 4.96%, JXR dropping by 3.98%, Beigene dropping by 3.96%, Wuxi Bio dropping by 3.86%, Wuxi Apptec dropping by 3.19%, and Sino Biopharm down by 0.97%.
Pharmaceutical stocks weakened, with Hansoh Pharma dropping by 7.58%, Innovent Bio by 4.85%, Pharmaron by 4.55%, Hutchmed (China) dropping by 3.87%, CSPC Pharma by 2.58%, AstraZeneca Vaccine rising by 2.51%, Sino Biopharm down by 1.42%, Fosun Pharma up by 0.96%.
Hong Kong retail stocks weakened, with Milan Station down by 5.23%, Prada by 4.49%, Samsonite by 4.27%, Chow Tai Fook by 2.80%, Chow Sang Sang by 1.85%, Sa Sa Int'l up by 1.49%, Luk Fook Hold by 1.20%, Giordano Int'l by 1.16%.
Shipping and ports stocks generally declined, with China Merchants Port falling by 5.36%, Sitc dropping by 3.46%, Cosco Shipping Holdings slipping by 3.42%, Cosco Ship Engy decreasing by 3.10%, Cosco Ship Port down by 3.03%, Ooil decreasing by 2.67%, Pacific Basin falling by 2.25%, and Sinotrans Limited dropping by 1.12%.
In terms of individual stocks, $TENCENT (00700.HK)$ Declining by more than 1%, Tencent announced significant leadership changes, while also clarifying rumors of layoffs.
$SINOPHARM (01099.HK)$Dropping by over 4%, the performance for the first three quarters fell short of expectations, prompting institutions to lower the company's target price.
$MNSO (09896.HK)$Rising by over 3%, having collaborated with over 150 high-quality IPs globally, Miniso and Land's Shanghai store experienced strong customer traffic.
$HUANENG POWER (00902.HK)$Dropping by nearly 4%, the net profit in the third quarter halved year-on-year, influenced by a high base number of the company's performance.
$CHINA SOUTH AIR (01055.HK)$Rising by nearly 4%, the net profit in the first three quarters increased by 48.9% year-on-year, with institutions bullish on profit recovery next year.
$CONCH CEMENT (00914.HK)$Increasing by over 1%, the pure profit in the third quarter was below expectations, while the industry's supply and demand recovery is accelerating.
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编辑/Wade