Trade wars raise the Hong Kong shares down 370 points, the six consecutive day business figure is less than 100 billion – Newsletter website hkej.com



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The United States pushed a new wave of tariffs to scare the Chinese and Hong Kong stock markets: the Shanghai composite index reached 1.76%, Hong Kong shares fell for the second day and more than 600 points at the beginning of the year. It dropped 370 points to close the market and still lost 10 antennas, but the market business figure was only 100 billion yuan for the sixth day in a row.

Due to the sudden rise in tariffs, the Hong Kong stock market opened sharply down 668 points, opening at 28,013. It fell below 10 antennas, but was a low of the day. Reduce to 316 points, high to see 28,365. However, the market is monitoring the progress of the trade war, and the rest of the market is competing between 28,200 and 28,300. The Hang Seng index closed at 28,311 points , down 370 points or 1.29%, and the market business figure was 95.934 billion yuan. The market growth rate was 22% today and the proportion of stocks falling was 78%.

The China Enterprises index closed at 10,658 points, down 166 points or 1.54%.

The futures on the Hang Seng index closed down 362 points, to 28288 points, and 24 low points.

The three largest European stock markets fell by more than 1%, and US Dow futures also plunged 255 points to 24,669.

The stocks of blue chips are almost completely destroyed. In addition, the target price of Tencent (00700) decreased by 1.9%, Credit Suisse lowered the target price of CCB (00939), down 2% for the whole day, HSBC (00005) by 1, 3%, Tencent and CCB, The quality is low and the HSI is 98 points. Mengniu (02319) underperformed a lot of blue chips and fell 3.9%.

Focus section

China stocks: Shenzhen is cooperating with various ministries to formulate a new work plan to rectify the market.For the outstanding issues in the real estate market, Chinese real estate stocks generally have decreases. China Overseas Land & Investment (00688) fell by 2.7%, Monday (01109) by 1.7%, Vanke (02202) by 5.1%, being the constitutive index of Baotou National, Sunac (01918) ) of 1.8% and Country Garden (02007) of 3.3%, Longguang (03380) decreased by 2.3%, R & F (02777) also decreased by 3.9%.

Pharmaceutical stocks: performance is relatively difficult. Shishi medicine (02005) increased by 1.4%, Green Leaf (02186) increased by 1%, Kangzhe Pharmaceutical (00867) increased by 1.2%, Stone Medicine (01093) increased by 0.5%, is the most powerful blue chip.

Focus shares

Xiaomi (01810): The third trading day fluctuated strongly: after opening 2.63% this morning, after raising 18.5 yuan, the price of Action rose rapidly to reach 19.8 yuan. It rose 4.2%, but under the influence of the market atmosphere, it did not rise or fall, closing at 19 yuan and trading at 7.223 billion. yuan, making it the second largest stock market.

Fusen Pharmaceutical (01652): listed on the first day of today, closing at 2.54 yuan, 22% higher than the offer of 2.08 yuan, the highest of the day is 2.69 yuan, the lowest is 2.26 yuan, 1000 shares of one hand 460 yuan.

Wanshun Group (01746): He was also the first to be hanged today, but the dive ended with a daily closing price of 0.36 yuan, or 30.8% less than the course IPO of 0.52 yuan.

Hosa (02200): After trading resumed this morning, it rose sharply, closing at 0.365 yuan and rising to 25.9%. The group refuted the allegations of short sale agencies and clarified that the allegations were misleading. The group also said that it is actively negotiating with both state-owned companies on potential strategic cooperation and stock underwriting.

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

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