Market News

Hong Kong stocks fell first and then rose this morning. The Hang Seng Index opened the market with a loss of 21000 points, falling as low as 20839 points, then rose to a high of 21175 points, and closed at 21109 points, up 34 points or 0.16%. The national index rose 5 points or 0.08% to 7373 points, while the Hang Seng Technology Index fell 22:00 or 0.5% to 4631 points. The total volume of half-day transactions in the market was 83.324 billion yuan, and the half-day net inflows of Shanghai and Shenzhen-Hong Kong links to the south were 763 million yuan and 878 million yuan respectively. Speculation in inner housing stocks, Yuzhou Group (01628.HK) rose 13.3%. 06158.HK, 00884.HK and 01813.HK all rose more than 11%. Country Garden (02007.HK), China overseas (00688.HK) and 02777.HK all rose more than 7 per cent. Dragon Lake (00960.HK) and Vanke Enterprise (02202.HK) rose 5 per cent and 4.5 per cent respectively. Country Garden Services (06098.HK), the property management unit, surged 12.3% to 31.45 yuan, making it the best performing blue chip. Financial Innovation Services (01516.HK) and Xuhui Yongsheng Services (01995.HK) rose 11.6% and 9.3% respectively. Auto stocks were well built, with 09866.HK shares rising 9.8 per cent to 175.1 yuan in half a day, rising as high as 180.2 yuan. Xiao Peng (09868.HK) rose 12.8%. Ideal (02015.HK) rose 4.6 per cent. 01211.HK and 00175.HK rose 2 per cent and 0.7 per cent respectively. In terms of technology stocks, 00700.HK fell 0.2% against the market to 368.8 yuan. It is reported that the people's Bank of China has not accepted Ant's application to set up a financial control company, and Alibaba (09988.HK) fell nearly 1 per cent. NetEase (09999.HK) fell 7.7% in half a day as plans for the launch of his game Diablo: immortality will be postponed. As for bilibili (09626.HK), it rose 1.5%. Kuaishou (01024.HK) and Meituan (03690.HK) fell about 1%. JD.com (09618.HK) and 01810.HK (Xiaomi) fell 2.9 per cent and 0.2 per cent respectively at the end of the "618" shopping festival in the mainland. Education stocks are soft. New Oriental online (01797.HK) reportedly tried to build its own supply chain with goods. Its share price plummeted 22.7% to 19.32 yuan. Congenial New Oriental (09901.HK) fell 5.3%. Guangzheng Education (06068.HK) dropped by 23.9%. Hope Education (01765.HK) fell 3.3%. Macao launched universal inspection and tightened 24-hour exit inspection measures, Hao gambling stocks were sold, City of Dreams International (00200.HK) fell nearly 5 per cent. Wynn Macau (01128.HK) and 00880.HK (00880.HK) fell 4.7 per cent and 4.1 per cent respectively. Sands China (01928.HK) fell 3.1 per cent. MGM China (02282.HK) fell 2.5%. Silver Entertainment (00027.HK) fell 1.7%. On the financial side, 00005.HK is in preliminary talks to sell its Oman business, with its shares down 0.8 per cent in half a day. Shares in the Hong Kong Stock Exchange (00388.HK) rose 1.3 per cent after it proposed to accept more banks to settle on the spot market. 01299.HK also rose 1.5 per cent. Three barrels of oil were under pressure and 00883.HK fell 4.9 per cent. 00857.HK fell 2.3 per cent. 00386.HK (Sinopec) fell 2 per cent.