Celis fell more than 6%, and BYD once fell to its lowest level since June 2021. On the market, sectors such as transgenics, data elements, Huawei Ascend, and Cloud Office registered the highest gains, while sectors such as hotels and restaurants, real estate services, and banking registered the highest declines.
On Monday, November 27, the three A-share indices opened low. The Shanghai Index opened at 3038.19 points, down 0.09%. The Shenzhen Index opened at 9829.55 points, down 0.10%. The GEM index opened at 1936.61 points, down 0.07%.
The Beijing Stock Exchange 50 Index continued to rise, rising more than 3% as of press time. Kaihua Materials surged 502% on the 6th board in 7 days, while many stocks such as Huami New Materials, Chicheng Shares, and Sanxiang Technology rose and stopped.
On the market, sectors such as transgenics, data elements, Huawei Ascend, and Cloud Office registered the highest gains, while sectors such as hotels and restaurants, real estate services, and banking registered the highest declines.
Individual stocks have risen more and fallen less. As of press release, over 2,900 individual stocks in the Shanghai and Shenzhen markets are flourishing.
Changan Automobile's bid rose and stopped, with more than 1.94 million lots blocked. According to the news, Changan Automobile Company and Huawei signed an investment cooperation memorandum to invest in the automotive intelligent system and component solution company that Huawei plans to establish, and plans to obtain no more than 40% of the shares.
Hong Kong stocks opened higher, and the Hang Seng Index opened 0.67% to 17677.52 points; the Hang Seng Technology Index rose 0.97%, JD rose about 2%, Meituan rose 1.7%, and Baidu and Tencent rose more than 1%.
As of press release, all three Hong Kong stock indices have turned red.
The automobile industry chain is in crisis
In the auto parts sector, many stocks such as Hunan Tianyan, Xingmin Zhitong, Riying Electronics, and Hexing Co., Ltd. rose and stopped.
In the automotive sector, Changan Auto rose and stopped at the opening, while Lifan Technology, Ankai Bus, Dongfeng Motor, and SAIC Motor Group followed suit.
At one point, BYD fell 5.5%, the lowest since June 2021. Celis fell more than 6%, and BAIC Blue Valley fell about 3%.
The coal mining sector is strengthening
Lu'an Huaneng rose more than 5%, Pingmei Co., Ltd. rose more than 3%, and Huaibei Mining and Xindazhou A rose more than 2%.
The genetically-modified sector leads the way
Denghai's seed industry rose more than 8%, and Dabeinong rose more than 3%.
