China News Service, October 12th. On the 12th, Hong Kong stock major stock indexes opened low and closed low. As of midday, Hang Seng Index fell 2.00%, Hang Seng Technology Index fell 3.30%, the State-owned Enterprise Index fell 2.12%, and the Red Chip Index fell 1.90%.
Source: Wind
On the market, real estate stocks, catering stocks, tourism stocks and other sectors continued to fall, while domestic insurance stocks and telecom stocks strengthened.
Popular Technology stock suffered another heavy blow, Tencent fell by more than 2%, hitting a new low since November 2018; Bilibili fell by more than 6%, which has fallen by nearly 90% from the issue price; Baidu , Alibaba , Kuaishou, Meituan fell by more than 4%, Xiaomi , JD , etc. followed suit.
Hotel and catering sector fell, Xiabu Xiabu and Ctrip Group fell by more than 9%, Yum China fell by more than 8%, and Haidilao fell by more than 7%.
carbon neutral concept stocks fell, GCL New Energy fell more than 33%, GCL Technology fell nearly 10%, Luoyang Molybdenum Industry fell more than 5%, and XXE New Energy fell more than 3%.
semiconductor sector rose and fell, SMIC fell nearly 4%, Shanghai Fudan fell more than 2%, Huahong Semiconductor rose more than 2%, ASM Pacific and others rose slightly.
Zhongzhou International Hong Kong Stock Research Report believes that external factors such as Fed enterprising interest rate hike heat up, epidemic situation in some regions around the world continues to recur, and markets are worried that many central bank began to tighten currencies and other peripheral factors continue to affect Hang Seng Index performance.
Guoyuan International Research Report pointed out that the fundamentals of Internet companies continue to be under pressure, especially under the influence of multiple negative environments, the performance of the entire sector may continue to last for a period of time, and the market sentiment is relatively pessimistic, causing the flip point to continue to be delayed. But we have also seen signs of improvement in the dilemma. The fundamentals in the third quarter should be able to see a trend of gradual stabilization and recovery. In the context of "reducing costs and increasing efficiency", although the overall industry profits are declining, some companies with core competitiveness have shown strong profit release capabilities. (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.)
