© Reuters Hong Kong stocks close: Hang Seng index fell more than 3% at one point, but Tencent’s share price hit a 5-month high
Investing.com – Hong Kong stock market fell Thursday (29): The Hang Seng Index once fell 1.8% in the morning market and the Hang Seng Technology Index once fell more than 3%, but then the decline narrowed slightly, and finally closed down by 0.79% and 2.49% respectively.
Hang Seng Index turnover today was 90.753 billion, equal to 121.953 billion on the previous trading day; the net purchase of southbound funds was 4.001 billion yuan, and the net inflow was 5.601 billion yuan.
At market close:
- It fell 0.79% to 19741.14 points;
- Up 0.39% to 19,832.0 points;
- fell 2.49% to 4107.43 points;
- It fell 1.14% to 6695.57 points.
Technology stocks generally fell, led by Sunny Optical Technology (HK:), which fell 6.95%. It is reported that Apple intends to cut the price of the iPhone supply chain to ensure profits, and lock the lens with a higher unit price to be “cut” first. In the first half of next year, the price of some iPhone lenses ‘iPhone The iPhone 14 series will be contracted up to 20%.
At the same time, Bilibili (HK:) (NASDAQ:) fell 4.91% and Kuaishou (HK:) fell 3.35%. Alibaba (HK:) (NYSE: ) fell 2.45% Alibaba today announced a new round of organizational restructuring, and many senior executives have been adjusted.
However, Tencent Holdings (HK: )(OTC: ) rose 2.76% to HK$335.20, its highest closing level since July 22.
Earlier, the results of the approval of the imported online game version numbers were announced, and Tencent’s game “Fearless Contract” was approved. Also, this is the first time an imported game version number has been approved after a year and a half.
Pharmaceutical stocks broadly rose, WuXi Biologics (HK:) and WuXi AppTec (HK:) rose more than 3%, GenScript (HK:) rose 5.65%, Pharmaron (HK:) rose 7 ,62%, Kai Laing (HK:) increased by 7.91%.
In terms of new shares, Futu Holdings intends to introduce a double listing on the Hong Kong Stock Exchange on Friday (30), and 770 million shares of the custodian bank before the listing will be transferred to the Hong Kong register of shareholders.
Pagoda is launching its IPO today and is expected to be listed on the Hong Kong Stock Exchange on January 16, 2023. The share code will be 2411.
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