HSI Declines 234 pts; Some CN Homebuilders Elevate
Hong Kong stocks waned in the morning along with the external market. $Hang Seng Index(800000.HK$ opened 89 points lower and, after narrowing the loss to 61 points at 17,823 at the beginning of the morning session, widened the decline later to 234 points or 1.3%, closing at 17,651 for the half-day. $Hang Seng China Enterprises Index(800100.HK$ descended 85 points or 1.4% to 6,096. $Hang Seng TECH Index(800700.HK$ declined 84 points or 2.2% to 3,837. Total half-day turnover was $42.326 billion.
Guangzhou became the first first-tier city to officially announce the relaxation of purchase restrictions, lifting a number of Chinese real estate stocks. $EVERGRANDE(03333.HK$ mounted 10% to $0.55, while $KWG GROUP(01813.HK$ and $SHIMAO GROUP(00813.HK$ advanced 5% and 4.7% respectively. $AGILE GROUP(03383.HK$ ascended 3%, while $SINO-OCEAN GP(03377.HK$ and $SUNAC(01918.HK$ gained more than 1%.
$COUNTRY GARDEN(02007.HK$ lifted 1% to $1.03 after an announcement by the Shenzhen Stock Exchange showed that 7 of its onshore bonds were approved by creditors for a rollover proposal.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment