[Special Agent V] Ye Shangzhi: Hong Kong stocks still tend to look for support downward

Jinwu Financial News | On May 29, the Hong Kong stock market continued its adjusted trend. The Hang Seng Index fell more than 340 points and closed below the 18,500 point level. Note that there is still a downward trend of seeking support. The highest level of 18,290 points in the fourth quarter of last year could be the current technical support level of the Hang Seng Index chart, which cannot be lost. Otherwise, there is a chance that short-term weakness will increase further. On the market, leading Internet stocks led the decline. Among them, Tencent (00700) fell 2.42%, Meituan-W (03690) fell 5.29%, and Alibaba-SW (09988) fell 3.45%. The three stocks combined

金吾財訊May 29 23:58 ET

Is Wall Street planning to launch China's Big Eight ETF?

The Big Seven US Technology Companies (Mag7 for short) account for 31% of the total market value of the S&P 500 Index, a record high. At the beginning of March of this year, Bank of America Merrill Lynch released the Chinese version of Mag7: Banking and insurance, operators, telecommunications, and petroleum and coal, led by state-owned enterprises, have been the four high-yield sectors of the Chinese stock market since this year. It can also be viewed as the Chinese version of “Mag 7,” which can be called “YYDS.” Bank of America Merrill Lynch statistics show that from the end of 2013 to the first quarter of this year, the coal sector accumulated more than 300% of total revenue (including dividends), the banking sector reached 110%, and insurance was 72%, far

Gelonghui FinanceMay 29 03:52 ET

Zhitong Hong Kong Stock Connect Capital Flow Statistics (T+2) |May 24

Zhitong Hong Kong Stock Connect capital flow|May 24

Zhitong FinanceMay 23 19:30 ET

Meituan-W (03690.HK) plans to hold a board meeting on June 6 to approve the first quarter results

Gelonghui, May 23 | Meituan-W (03690.HK) issued an announcement. The board of directors hereby announces that a board meeting will be held on June 6, 2024 (Thursday) to consider and approve the Group's unaudited financial results for the first quarter of 2024 and to deal with other matters.

Gelonghui FinanceMay 23 04:32 ET

Date of Board Meeting

Hong Kong Stock ExchangeMay 23 04:30 ET · Announcements

After issuing convertible senior notes, will JD be followed by Ali?

JD issues convertible bonds, and Ali will follow suit. Who might be next? On Wednesday, Alibaba's Hong Kong stock fell by more than 5%. According to the news, people familiar with the matter said that Ali is considering issuing convertible bonds and plans to raise about 5 billion US dollars in capital. Earlier, on May 21, JD announced that it plans to issue convertible bonds with a total scale of 1.75 billion US dollars. After three consecutive days of decline, JD Hong Kong stocks fell by more than 4% today. JD said that the issuance of convertible bonds will enable it to use low financing costs (0.25% coupon rate) to speed up the share repurchase process at the current stock price. The conversion price is 45.7%, and the market price premium is about 35%. In response, HSBC said: Mutual

wallstreetcnMay 23 04:27 ET