Futuo Information on August 12 | Hong Kong stocks opened slightly lower today after a shock, and then the decline narrowed. By midday's close, the Hang Seng Index was down 0.19% at 24842.89, while the National Index was down 0.63% at 10088.95.

Plate aspectAfter closing down yesterday, gold and precious metals stocks fell 10.56 per cent this morning, Zijin Mining Group fell more than 11 per cent, Datang Tongjin and Shandong Gold Mining fell more than 10 per cent, China Gold International fell more than 9 per cent, and Zhaojin Mining fell more than 7 per cent at one point. Loco-London gold has recently staged a waterfall, falling directly from $2063 to the current $1873, down nearly $200per ounce in four days. CICC analysts believe that the more important background and change in the decline of gold and growth stocks is the continued decline in the recent epidemic in the United States.

Airline stocks rose against the market, and Cathay Pacific, which will report results today, rose more than 9%, leading the aviation sector higher. In July, the average daily flight volume of the domestic Aviation Department increased by 10.4% month-on-month, reaching the 70% level of the same period last year, and the passenger traffic volume increased by 20.4% month-on-month. It is expected that the domestic passenger flow of summer transport will continue to improve. In addition, according to media reports, Russia's first coronavirus vaccine has been approved.

The mobile phone industry chain fell across the board, with BYD Electronic down 7.64% to HK $28.4, Hongteng down 7.22% to HK $3.47, Gao Wei Dian down 6.95% to HK $2.81, and Qiu Ti Technology down 3.33% to HK $9.88. On August 11, China Information and Communication Institute released a report on the analysis of the domestic smartphone market in July 2020. Data show that in July 2020, the domestic mobile phone market shipped 22.301 million units, down 34.8% from the same period last year. From January to July, the domestic mobile phone market shipped a total of 175 million units, down 20.4% from the same period last year.

At one point, the Hang Seng Technology Index fell more than 4%, Tencent rose 0.78%, other stocks of the Hang Seng Technology Index fell lower, BABA once fell more than 2%, Meituan comments once fell more than 7%, and Hua Hong Semiconductor fell more than 13%, making it the biggest decline in the Hang Seng Technology Index.

Hong Kong building materials cement stocks continued to decline, China National Building Material once fell more than 10%, Shanshui cement, China Resources cement Holdings and Anhui Conch Cement have declined.

Individual stocks$HSBC Holdings PLC (00005.HK) $At one point, it rose more than 4% against the market, contributing the most to the Hang Seng Index and rising along with Dah Sing Bank Group, Standard Chartered PLC and Hang Seng Bank. At present, Morgan Stanley has lowered its target price for HSBC Holdings PLC from HK $42 to HK $36, but it believes that most of the negative factors of the company have been reflected in its current share price, and its rating has been upgraded from "underweight" to "in step with the market". However, Morgan Stanley pointed out that the company is still faced with potential challenges from macroeconomic uncertainty and changing international situation.

$WH Group Limited (00288.HK) $At one point, it fell more than 8%, leading the decline of the Hang Seng Index. After the biological fair value adjustment, WH Group Limited's medium-term profit attributable to shareholders fell by 44.3 per cent to $317 million. The group's revenue during the period was US $12.481 billion, an increase of 12.2% over the same period last year. Operating profit was US $925 million, an increase of 20.9% over the same period last year. Profits attributable to company owners were $317 million, down 44.3 per cent from a year earlier.

$Tencent (00700.HK) $There was a rebound, closing up 0.78% in the morning. The income of Tencent's overseas version of the Chinese mobile game TOP30, which went out to sea in July, rose to $90 million, according to Sensor Tower. PUBG MOBILE's 14th season began on July 14, and its revenue rose again to $90 million, making it the second highest month so far, after May this year. Tencent released the list today, and his performance is the key to the future.

It closed up 4.5% yesterday.$Yihai International (01579.HK) $At one point, it fell more than 5% to 99.2 Hong Kong dollars. Haitian flavor industry launched its first hot pot base product yesterday, officially announcing its entry into the hot pot base market. Haitian flavor industry Tmall flagship store customer service staff said that the hot pot base product is a new product launched in recent days, as to whether there will be more flavor-related products, the customer service staff said that "it is not clear, only four flavors have been launched."

Ten times as many shares during the year$Meilan Airport (00357.HK) $The recent high continued to take back, today fell more than 10% in intraday trading, closed down 4.02% in the morning, the stock price is temporarily four consecutive negative. The company recently announced that a board meeting will be held on August 21 to approve the interim results.

Among the constituent stocks of the Hang Seng Index, HSBC Holdings PLC and Hang Seng Bank led the rise, while among the constituent stocks of the National Index, Guangdong Investment and China Resources Gas led the gains.