Several CN Photovoltaic Firms Reportedly Notified to Attend Seminar Next Tue
Government Seminar for Photovoltaic Companies: Several photovoltaic companies in Mainland China have been invited to a seminar organized by government departments on Tuesday, August 19th.
Stock Market Performance: HK-listed photovoltaic stocks saw significant increases, with notable gains from XINYI SOLAR, GCL TECH, and others, while A-share market leaders LONGI GREEN ENERGY and TONGWEI also experienced substantial rises.
Trade with 70% Backtested Accuracy
Analyst Views on 00968
About the author
<Midday Update> HSI Falls 484 Points; HSTI Declines by 89 Points; MEITUAN Drops More Than 4%; CLP HOLDINGS, TIANGONG INT'L, MINTH GROUP, and CH OVS G OCEANS Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 484 points (1.8%) to 26,547, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.6% and 1.7%, respectively.
Active Heavyweights: Major stocks like Meituan, Ping An, Alibaba, and Tencent saw significant drops, with Meituan down 4.5% and Tencent down 1.7%, amidst high short selling activity.
Notable Declines: Companies such as Zijin Mining and China Life faced substantial losses, with Zijin Mining dropping 5.2% and China Life down 4.9%, reflecting a broader trend of declining stock prices.
Gainers and Losers: Healthyway Inc. experienced a notable increase of 18.8%, while Mongol Mining and Fit Hon Teng saw significant declines of 13.7% and 11.3%, respectively, indicating volatility in the market.
Report: Elon Musk's Team Conducts Secret Visits to Various Chinese Photovoltaic Firms
Elon Musk's Investigations: Musk's team has conducted secret visits to various Chinese photovoltaic companies, focusing on equipment, silicon wafers, and battery components, particularly those using heterojunction and perovskite technologies.
Market Reaction: Following the news, Hong Kong-listed photovoltaic stocks saw an increase, with notable gains in companies like XINYI SOLAR, GCL TECH, XINYI GLASS, and GCL NEWENERGY.
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
<Midday Update> HSI Falls by 498 Points; HSTI Declines by 105 Points; CSPC PHARMA Drops Over 12%; SHK PPT and HUABAO INTL Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 498 points (1.8%) to 27,469, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.8% and 2.1%, respectively.
Active Heavyweights: Major stocks like Xiaomi, Alibaba, and Tencent saw significant drops, with Xiaomi down 2.7%, Alibaba down 2.7%, and Tencent down 1.5%, alongside substantial short selling activity.
Notable Declines: CSPC Pharma and Zijin Mining faced sharp declines of 12.5% and 8.6%, respectively, with high short selling ratios indicating bearish market sentiment.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental up 3.6% and Huabao hitting a new high with a 6.2% increase.
<Daily Summary> HSI Ends at 26,765, Gaining 16 Points; HSTI Finishes at 5,725, Dropping 72 Points; XINYI SOLAR Falls More Than 5%; ZIJIN MINING, CNOOC, SHK PPT, CKH HOLDINGS, HANG LUNG PPT Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 16 points (0.1%) to close at 26,765, while the Hang Seng Tech Index (HSTI) fell by 72 points (1.2%) to 5,725, and the Hang Seng China Enterprises Index (HSCEI) decreased by 13 points (0.1%) to 9,147, with a total market turnover of $261.70 billion.
Active Heavyweights: Notable movements included Xiaomi down 2.8% to $35.22, Alibaba down 2% to $165.2, and Tencent up 0.8% to $599.5, with significant short selling activity across these stocks.
Constituents on the Move: Xinyi Solar dropped 5.85% to $3.38, while China Shenhua and Zijin Mining saw gains of 4.4% and 4.4%, respectively, with Zijin hitting a new high.
Short Selling Trends: Heavy short selling was observed in several stocks, including XPeng and Kuaishou, both down over 4%, while Fangzhou Jianke surged by 33.2%, indicating varied investor sentiment across the market.
Midday Update: HSI Ends at 26,775, Gaining 26 Points; HSTI at 5,722, Dropping 75 Points; ZIJIN MINING Rises Over 5%; ZIJIN MINING, SHK PPT, CNOOC, CKH HOLDINGS, and HANG LUNG PPT Reach New Peaks
Market Overview: The HSI rose by 26 points (0.1%) to 26,775, while the HSTI and HSCEI fell by 75 points (1.3%) to 5,722 and 7 points (0.1%) to 9,153, respectively.
Active Heavyweights Performance: Notable movements included Xiaomi down 2.3%, Ping An up 2.2%, Alibaba down 1.2%, Tencent up 0.9%, and Meituan down 0.9%.
Top Gainers and Losers: Zijin Mining and SHK PPT saw significant gains of 5.0% and 4.8%, respectively, while Tingyi and Baidu experienced declines of 4.6% and 4.0%.
Short Selling Insights: High short selling ratios were observed in several stocks, with notable figures including Kuaishou at 22.46% and Baidu at 34.60%, indicating investor caution.
<Midday Update> HSI Falls 484 Points; HSTI Declines by 89 Points; MEITUAN Drops More Than 4%; CLP HOLDINGS, TIANGONG INT'L, MINTH GROUP, and CH OVS G OCEANS Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 484 points (1.8%) to 26,547, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.6% and 1.7%, respectively.
Active Heavyweights: Major stocks like Meituan, Ping An, Alibaba, and Tencent saw significant drops, with Meituan down 4.5% and Tencent down 1.7%, amidst high short selling activity.
Notable Declines: Companies such as Zijin Mining and China Life faced substantial losses, with Zijin Mining dropping 5.2% and China Life down 4.9%, reflecting a broader trend of declining stock prices.
Gainers and Losers: Healthyway Inc. experienced a notable increase of 18.8%, while Mongol Mining and Fit Hon Teng saw significant declines of 13.7% and 11.3%, respectively, indicating volatility in the market.
Report: Elon Musk's Team Conducts Secret Visits to Various Chinese Photovoltaic Firms
Elon Musk's Investigations: Musk's team has conducted secret visits to various Chinese photovoltaic companies, focusing on equipment, silicon wafers, and battery components, particularly those using heterojunction and perovskite technologies.
Market Reaction: Following the news, Hong Kong-listed photovoltaic stocks saw an increase, with notable gains in companies like XINYI SOLAR, GCL TECH, XINYI GLASS, and GCL NEWENERGY.
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
<Midday Update> HSI Falls by 498 Points; HSTI Declines by 105 Points; CSPC PHARMA Drops Over 12%; SHK PPT and HUABAO INTL Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 498 points (1.8%) to 27,469, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.8% and 2.1%, respectively.
Active Heavyweights: Major stocks like Xiaomi, Alibaba, and Tencent saw significant drops, with Xiaomi down 2.7%, Alibaba down 2.7%, and Tencent down 1.5%, alongside substantial short selling activity.
Notable Declines: CSPC Pharma and Zijin Mining faced sharp declines of 12.5% and 8.6%, respectively, with high short selling ratios indicating bearish market sentiment.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental up 3.6% and Huabao hitting a new high with a 6.2% increase.
<Daily Summary> HSI Ends at 26,765, Gaining 16 Points; HSTI Finishes at 5,725, Dropping 72 Points; XINYI SOLAR Falls More Than 5%; ZIJIN MINING, CNOOC, SHK PPT, CKH HOLDINGS, HANG LUNG PPT Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 16 points (0.1%) to close at 26,765, while the Hang Seng Tech Index (HSTI) fell by 72 points (1.2%) to 5,725, and the Hang Seng China Enterprises Index (HSCEI) decreased by 13 points (0.1%) to 9,147, with a total market turnover of $261.70 billion.
Active Heavyweights: Notable movements included Xiaomi down 2.8% to $35.22, Alibaba down 2% to $165.2, and Tencent up 0.8% to $599.5, with significant short selling activity across these stocks.
Constituents on the Move: Xinyi Solar dropped 5.85% to $3.38, while China Shenhua and Zijin Mining saw gains of 4.4% and 4.4%, respectively, with Zijin hitting a new high.
Short Selling Trends: Heavy short selling was observed in several stocks, including XPeng and Kuaishou, both down over 4%, while Fangzhou Jianke surged by 33.2%, indicating varied investor sentiment across the market.
Midday Update: HSI Ends at 26,775, Gaining 26 Points; HSTI at 5,722, Dropping 75 Points; ZIJIN MINING Rises Over 5%; ZIJIN MINING, SHK PPT, CNOOC, CKH HOLDINGS, and HANG LUNG PPT Reach New Peaks
Market Overview: The HSI rose by 26 points (0.1%) to 26,775, while the HSTI and HSCEI fell by 75 points (1.3%) to 5,722 and 7 points (0.1%) to 9,153, respectively.
Active Heavyweights Performance: Notable movements included Xiaomi down 2.3%, Ping An up 2.2%, Alibaba down 1.2%, Tencent up 0.9%, and Meituan down 0.9%.
Top Gainers and Losers: Zijin Mining and SHK PPT saw significant gains of 5.0% and 4.8%, respectively, while Tingyi and Baidu experienced declines of 4.6% and 4.0%.
Short Selling Insights: High short selling ratios were observed in several stocks, with notable figures including Kuaishou at 22.46% and Baidu at 34.60%, indicating investor caution.
