Market News

The Nasdaq China Golden Dragon Index, which reflects the performance of Chinese stocks, fell nearly 4% overnight, while the Hang Seng Index increased selling pressure in the afternoon, and the decline widened to 4.4% to 3320. The component stocks of the index generally fell downward, with Weibo (09898.HK) selling the most, falling 9.3% to 63.9 yuan. JD.com Group (09618.HK) shares fell 6.8% to 83.40 yuan, Citigroup expects JD.com tomorrow (6) when the results will not give specific business figures guidance. The shares of the three major medical platforms were sold, with JD.com 06618.HK down more than 7 per cent to Rmb28.05. Ali Health (00241.HK) fell 6.3% to 3.30 yuan, and safe good Doctor (01833.HK) dropped 7.3% to 11.3 yuan. 09888.HK fell 5.5 per cent to Rmb95.55. 00700.HK and 09988.HK fell 3.2 per cent and 4 per cent respectively. Meituan (03690.HK), which once traded as low as Rmb85.70, is now trading at Rmb86.50, giving back 5.5 per cent. Ctrip (09961.HK) fell 5.6% to 328.8 yuan. 02382.HK and 01810.HK fell 4.9 per cent and 5.1 per cent respectively to Rmb49.35 and Rmb12.66. Wei Xiaoli fell more than 3.5%, while 02015.HK and 09866.HK had the biggest selling pressure, falling 5.7% and 5.3%, respectively, to RMB151,42.15.