Afternoon to open low morning car stocks – Newsletter website hkej.com



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Hong Kong shares fell below the morning lows in the afternoon, falling temporarily by 245 points at most, or 28,675 points. As of 13:27, the Hang Seng index recorded 28,688 points, down 232 points or 0.8%, and the market business figure was 48.856 billion yuan.

The China Enterprises index recorded 10,974 points, down 99 points or 0.9%.

A-shares saw an increase in the afternoon, with the Shanghai Composite Index down 0.82% and the Shenzhen Composite Index down 1.1 %.

The two international automakers underperformed Fiat Chrysler's second-quarter net profit by 35% year-on-year and reduced their activity forecasts for the second quarter. year-round, mainly due to the weakness of the Chinese market.

In the second quarter, Ford's net income fell from $ 2.05 billion to $ 1.1 billion in the second quarter, and revenues decreased from $ 1 billion to $ 38.9 billion in the second quarter. during the period.

Hong Kong-listed auto stocks were under pressure, Brilliance (01114) was down 3.6% in one and a half years, Geely (00175) down 3%, GAC (02238) up 4% and Changchun (02333) ) of 2.3%.

The makers of Nexteer (01316) and Minth (00425) Tongchuang parts were at least 52 weeks old, with the latest 8.6% and 5.9%.

For 4S retailers, Zhongsheng (00881) fell 1.1%, Guanghui Baoxin (01293) fell 2.3%, Meidong Auto (01268) fell 1.7%.

For more information on Hong Kong stocks, please consult <港股360>.

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