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<H Shrs>HSI Fades 479 Pts at Midday as 'New Consumption F4' Wane; Travel Platform Stocks Subtract
Recommend 0 Positive 2 Negative 5 |
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The HSI faded 479 points or 2% to 23,231 at midday. The HSCEI shed 181 points or 2.1% to 8,412. The HSTECH lost 124 points or 2.4% to 5,090. Total half-day turnover of the market amounted to $123.32 billion. Consumers declined. JIUMAOJIU (09922.HK) and HENGAN INT'L (01044.HK) cascaded 3.6%, while MAOYAN ENT (01896.HK) and ALI PICTURES (01060.HK) shrank 4.5% and 5.2%. XIABUXIABU (00520.HK) plummeted 9.2%. For “new consumption F4”, MIXUE GROUP (02097.HK) eroded 4%, while POP MART (09992.HK) stumbled 5.3%. CEB BANK (06818.HK) descended 6.4%, while MAO GEPING (01318.HK) plunged 7.6%. Pharma CANSINOBIO (06185.HK), WUXI BIO (02269.HK), GENSCRIPT BIO (01548.HK), PHARMARON (03759.HK), SSY GROUP (02005.HK) and AKESO (09926.HK) cratered 4-4.6%, while LUYE PHARMA (02186.HK) and CSPC PHARMA (01093.HK) waned 5.3% and 6%. The market was concerned about JD-SW (09618.HK) entering the travel industry, with JD-SW and MEITUAN-W (03690.HK) slipping 3.8% and 3.1%. TRIP.COM-S (09961.HK) and TONGCHENGTRAVEL (00780.HK) dived 4% and 9.3%. For other techs, BABA-W (09988.HK), TENCENT (00700.HK), NEW ORIENTAL-S (09901.HK) and BIDU-SW (09888.HK) slumped 1.7-2.2%, while NTES-S (09999.HK) and SMIC (00981.HK) ebbed 0.5% and 0.8%. KUAISHOU-W (01024.HK) and BILIBILI-W (09626.HK) receded 3.3% and 3.4%. AASTOCKS Financial News Website: www.aastocks.com |
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