Midday Market Recap: Three major indices narrow their losses, electric vehicle stocks falling, xpeng down more than 5%.
The Hang Seng Index fell by 0.2%, the GEM index fell by 0.67%, and the State-owned Enterprise Index fell by 0.15%; the three major Chinese oil companies rose, China National Offshore Oil Corporation rose nearly 2%; beverage stocks weakened, nongfu spring fell more than 5%; ASMPT fell more than 15% due to poor mid-term performance.
Hong Kong stock market noon review: Three major indices opened low and fell, CSI Index fell more than 2%, Baidu fell more than 5%; gold and coal industry stocks rose against the trend.
In the morning session of the Hong Kong stock market, the three major indexes opened low and went down. As of noon, the Hang Seng Tech Index fell sharply by 2.44%, and the Hang Seng Index and the National Index fell by 1.39% and 1.56% respectively. The Hang Seng Index barely held the 18,000 mark.
CICC: Hong Kong's external demand continued to improve in the first quarter, but the real estate market is difficult to see a major turning point in the cycle.
The high interest rate environment continues to put pressure on the payment ability of local enterprises and residents in Hong Kong.
Two major bullish news suddenly broke out in Hong Kong!
As the July 1st approaches, bullish rumors about Hong Kong are frequent!
Goldman Sachs talks about 'China high dividend strategy': still undervalued.
Goldman Sachs analysts believe that Chinese dividend assets have not received sufficient attention. With the catalysts of policies, free cash flow, and interest rate cuts, the high dividend concept is expected to continue to rise, and the demand for dividend assets may become a structural long-term trend.
Midday Overview | Hong Kong's three major indices weakened, with the technology index falling by nearly 1%; Port and shipping stocks rose against the trend, with Cosco Ship Port up nearly 5%.
Wind power stocks rose, China Longyuan Power surged more than 4%, Huadian International Power's stock rose nearly 4%; Coal industrial concept made progress, Kinetic dev rose more than 5%, China Coal Energy and E-commodities both rose more than 2%.