© Reuters Hong Kong Equities Close: Hang Seng Index Ends Five-Day Loss! However, the Hang Seng Index fell 3% on the day
Investing.com – Hong Kong stock market opened lower and moved lower on Friday (7th), with Hang Seng down 1.5% and Hang Seng Technology down by more than 3%, but increased slightly for the week, ending a five-week losing streak. However, the market outlook should continue to be constrained by the Fed’s monetary policy and outlook for the world economy, but there will be no turnaround in the short or medium term.
Hang Seng Index revenue today was $ 57 trillion, down further from $ 62.496 billion on the previous trading day. Investors are waiting for US nonfarm payroll data to assess the Fed’s policy outlook. sud continues to be closed for holidays and will resume next Monday.
New energy vehicles led the decline again, with Ideal Motors (HK 🙂 (NASDAQ 🙂 down 14.75%, Weilai (HK:) (NYSE 🙂 down 10.47% and Xiaopeng Motors (HK 🙂 (NYSE 🙂 down 6.04%.
Among internet stocks, Tencent Holdings (HK 🙂 (OTC 🙂 fell 2.59%, Alibaba (HK 🙂 (NYSE :)) fell 2.16% and Meituan (HK 🙂 fell 2.37% .
At the same time, Kingsoft (HK 🙂 plunged 15.93% and lost around 20% during the session, hitting a two-year low. Previously, Kingsoft had issued a profit notice on 6 October, stating that due to the continued decline in Kingsoft Cloud’s share price and the impact of its financial performance, it is expected to generate write-down provisions from 5.6 billion to 6.5 billion yuan. could post a significant loss to Jinshan Software in the third quarter.
Continental real estate stocks fell endlessly: Longfor Group (HK 🙂 fell 8.96% and Country Garden (HK 🙂 fell 6.88%, ranking in the top two in the Hang Seng index.
Macau gaming stocks rose slightly, with MGM China (HK 🙂 up 2.01%, Sands China (HK 🙂 up 1.88% and Wynn Macau (HK 🙂 up 2.01%. 1.86%. According to Gelonghui, gross gaming revenue in Macau in September was 2.962 billion patacas, down 49.6% yoy and up 35% yoy, broadly in line with expectations. In addition, some data shows that the number of visitors on the first day of Golden Week in Macau has increased 18 times year over year.
At the close of the market:
- It fell 1.51% to 17740.04 points, but rose 3.00% for the week;
- fell by 1.34% to 17753.0 points;
- It fell 3.30% to 3539.87 points, up 2.60 for the week;
- It fell 1.79% to 6,074.65 points, up 2.72%.
Publisher: Liu Chuan
