HSI Opens 291 pts Lower as JD-SW Tumbles 7%+
Led by technology stocks, Hong Kong bourse opened lower in the morning market. At open, $Hang Seng Index(800000.HK$ fell 291 points or 1.6% to 17,946. $Hang Seng China Enterprises Index(800100.HK$ dropped 114 points or 1.8% to 6,152. $Hang Seng TECH Index(800700.HK$ sagged 110 points or 2.7% to 3,908.
CICC issued a report expecting $JD-SW(09618.HK$ 's 3Q23 revenue to miss expectations, and retail weakness may continue into 4Q23. JD-SW plummeted 7.4% to $109.
$SD GOLD(01787.HK$ earned at least RMB1.2 billion in 1Q23 to 3Q23. It opened flat at $15.08. $CR BLDG MAT TEC(01313.HK$ expected profit attributable to owners to decrease by maximum 63% in 1Q23 to 3Q23. It shed 3.3% to $2.05 this morning. $SA SA INT'L(00178.HK$ expected to turn to loss in the interim results. It rose 1.9% to $1.09.
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HopelessChi : giving them the chicken as last few days was giving drumsticks