Futu News reported on January 30 that the three major indices of Hong Kong stocks opened lower. The Hang Seng Index fell 1.95%, the Science Index fell 2.68%, and the National Index fell 2.17%.
By the midday close, Hong Kong stocks had risen 383, down 1,298, and closed at 1302.
On the sector side, TechNet stocks fell sharply. Kuaishou and NetEase fell more than 4%, Bilibili and Jingdong fell more than 3%, Xiaomi fell nearly 3%, Meituan and Tencent fell more than 2%, and Alibaba and Baidu fell more than 1%.
Domestic housing stocks and property management stocks weakened collectively. Longhu Group fell more than 7%, Yuexiu Real Estate fell nearly 7%, Sunac China fell more than 5%, and China Overseas Development and China Resources Land fell more than 3%.
Auto stocks are mostly under pressure. BYD shares fell by more than 5%, Geely by more than 3%, Zero Sports and Great Wall Motors by more than 2%, and Ideal Auto fell by more than 1%.
Pharmaceutical stocks declined one after another. Yao Ming Allian fell more than 4%, Rongchang Biotech fell more than 2%, Kingsley Biotech, Kangfang Biotech fell, and Pharmaceutical Biotech fell more than 1%.
Sporting goods stocks plummeted, with Tep International falling nearly 5%, Anta Sports falling more than 4%, and Li Ning falling nearly 3%.
Domestic insurance stocks were underperforming, with China Ping An and AIA falling nearly 4%, China Life Insurance falling 3%, and China Taibao falling more than 2%.
On the other side, semiconductor stocks and lithium battery stocks fell the most, with leading stocks SMIC falling by more than 4%; traditional Chinese medicine stocks, mobile game stocks, aviation stocks, home appliance stocks, coal stocks, and gold stocks declined one after another.
In terms of individual stocks,$AIA (01299.HK)$With a drop of nearly 4%, the agency expects the value of the company's new business to increase by 31% last year. The results are unsurprising.
$LI NING (02331.HK)$With a drop of nearly 3%, the agency expects the company's net profit to drop 25% year-on-year in 2023.
$GUANGDONG INV (00270.HK)$It fell by more than 4%, and impairment in the real estate business dragged down net profit for the whole year. Citi said the company may cut dividends.
$XTEP INT'L (01368.HK)$It fell by nearly 5%. The overall sneaker and apparel industry decelerated, and institutions lowered the company's revenue forecast.
$EVERG VEHICLE (00708.HK)$It rose nearly 5%, and the early trading amplitude was over 26%. Shawn emphasized that the only entity involved in the winding-up order was China Evergrande.
Top 20 half-day turnover
Edit/Chris