China News Service, October 10th. On the 10th, Hong Kong stock major stock indexes opened low and then fluctuated and fell. As of midday, Hang Seng Index fell 2.49%, Hang Seng Technology Index fell 3.46%, the State-owned Enterprise Index fell 2.61%, and the Red Chip Index fell 0.70%.
Source: Wind
On the market, concepts such as airlines, automobiles, semiconductors, etc. ranked the top in terms of declines; concepts such as integrated circuits and movies ranked the top in terms of growth.
Popular Technology stocks collectively fell, Bilibili fell more than 7%, Meituan fell nearly 6%, JD fell more than 3%, Alibaba , Kuaishou, Baidu fell more than 2%, Tencent , Xiaomi fell more than 1%.
semiconductor sector suffered a heavy blow, Shanghai Fudan fell by more than 17%, Huahong Semiconductor fell by more than 9%, ASM Pacific fell by more than 7%, SMIC and others followed suit.
Education stocks fell, Tianli International Holdings fell by more than 13%, New Oriental Online fell by more than 10%, Yuhua Education and Zhongjiao Holdings fell.
Auto stocks fluctuated and fell, Great Wall Motors , Ideal Auto, Geely Auto fell by more than 5%, BYD shares , Leapmoto , NIO fell by more than 3%, GAC Group , etc. followed suit.
Apple concept stocks generally fell, BYD Electronics fell by more than 10%, Gaowei Electronics fell by more than 8%, Sunny Optical Technology fell by more than 6%, and AAC Technology fell by more than 4%.
Industrial Securities Global Chief Strategy Analyst Zhang Yidong said that overseas liquidity continues to tighten, overseas investors' expectations for China's economy turn, and Hong Kong stocks are expected to rebound in a "short cover" manner. However, the hawks in the short term will be difficult to alleviate in the short term. In the environment of liquidity tightening, the risk of a crisis overseas is difficult to eliminate.
Tianfeng Securities research report believes that the Hong Kong stock market weakened in the third quarter, with Hang Seng Index falling 21%, and the Hang Seng Technology Index falling 29%. Although the current geopolitical situation and the pace of the Federal Reserve's monetary policy remains to be seen, the current relatively "extreme" valuation level may have fully reflected market concerns, the short-term downward space is relatively limited, and from the perspective of medium-term valuation, the risks and returns are considerable. Looking ahead to the future market, China's macroeconomics is in a recovery cycle, and further efforts to stabilize growth are worth looking forward to in the fourth quarter. (China Business Network APP)
(The views in the article are for reference only and do not constitute investment advice. Investment is risky, so be cautious when entering the market.)
