Hong Kong stocks fell further in the afternoon, with the technology index dropping nearly 2%. Science and technology internet and semiconductor stocks generally fell, and Hua Hong Semiconductor fell nearly 7%. Banks stocks rose against the trend.
The afternoon decline of the three major stock indices in Hong Kong has further widened. The Hang Seng Tech Index opened high and fell all day, performing weakly, ultimately falling 1.82%. The Hang Seng Index and the China Enterprise Index fell by 0.94% and 0.95% respectively.
Hong Kong stock market noon review | Three major indexes opened high and fluctuated, the science and technology index fell nearly 1%; bank stocks rose, Agricultural Bank of China rose nearly 3%, gold, semiconductor, and apple supplier concept stocks showe
Hang Seng Index and CSI 300 both fell slightly by 0.1% at noon. The Hang Seng Tech Index fell by 0.87% and failed to continue yesterday's strong performance.
Mid-day Brief: The three major indexes fell together, with the NASDAQ dropping over 1%. Semiconductor and Apple supplier stocks fell, with BYD Electronic and Hua Hong Semi dropping over 5%.
As of press time, Hang Seng Index fell by 0.41%, CSI 300 fell by 0.47%, and ChiNext fell by 1.31%.
Mid-day Review: All three major indexes dropped by about 2%; Technology, internet companies, real estate, and golden industrial concepts fell, while Pop Mart rose nearly 11% against the trend.
As of press time, the Hang Seng Index fell by 1.84%, the National Index fell by 1.94%, and the Science and Technology Index fell by 1.53%. Network technology stocks fell collectively, with jd.com and Netease falling by more than 3%, Alibaba falling by nearly 3%, Kuaishou and Baidu falling by nearly 2%, and Xiaomi, bilibili, and Meituan falling by more than 1%.
Hong Kong market quick glance: Three major indexes showed different trends, with the technology index falling nearly 1%, while the Hang Seng Index and the State-owned Enterprises Index rose slightly. Oil, electrical utilities, and telecommunication sector
The three major Hong Kong stock market indexes had mixed gains and losses, with the Hang Seng Index and the China Enterprises Index slightly stronger, rising by 0.22% and 0.15% respectively. The Hang Seng Tech Index had a weak performance throughout the day, dropping as much as 1.9% at one point, and ultimately closed down 0.76%.
Global shipping prices are skyrocketing, raising concerns about cost inflation.
Global shipping market tension has sparked concerns about a return of inflation.