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HK Open: HSI opened higher slightly, bank stocks meager

Moomoo News ·  May 31, 2021 22:18  · Headlines

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Good morning moomooers! Here are things you need to know about today's Hong Kong:

  • Hong Kong stocks were barely moved in the first few minutes of trade on Tuesday

  • The best performing industries after the bell include Short Videos Media and Medical and Medical Beauty

  • JD Logistics to join Hang Seng Composite Index from 11 June

-Moomoo News HK

Market Trend

Hong Kong stocks were barely moved in the first few minutes of trade on Tuesday, with investors biding their time as they await the release of US jobs reports later in the week.

The Hang Seng Index inched up 7.26 points to 29,159.06.

The benchmark Shanghai Composite Index dipped 0.19 per cent, or 6.88 points, to 3,608.60, while the Shenzhen Composite Index on China's second exchange eased 0.14 per cent, or 3.31 points, to 2,416.44.

$Meituan-W(03690.HK)$ and $Alibaba Group(810016.HK)$  inched up 0.7% and 1.2%. $Bank of China Ltd.(03988.HK)$,  $China Construction Bank Corporation(00939.HK)$ and $Bank of Communications(03328.HK)$ sagged 0.6%-0.7%.

Best Performing Industries

The best performing industries after the bell include Short Videos Media and Medical and Medical Beauty.

source: moomoo

TOP News

JD Logistics to join Hang Seng Composite Index from 11 June

Hang Seng Indexes Company announced that $JD Logistics, Inc.(02618.HK)$ meets the Fast Entry Rule of various indexes and will be added to the Hang Seng Composite Index, Hang Seng Composite Industry Index – Industrials, Hang Seng Composite LargeCap Index, and Hang Seng Composite LargeCap & MidCap Index after market close on 10 June 2021 (Thursday). 

Tencent-backed FuSure obtains reinsurance license in HK

FuSure Reinsurance, whose substantial shareholder is $Tencent(00700.HK)$, has recently acquired the ordinary reinsurance license in Hong Kong, confirmed by sources quoted by Caixin.

Source: Business Times, AAstock

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