<Midday Update> HSI Ends Midday at 26,558, Decreasing by 26 Points; HSTI Ends at 5,722, Down 23 Points; WHARF REIC Rises Over 4%; WHARF REIC, BIDU-SW, SHK PPT, SINOPEC CORP, CK ASSET Reach New Peaks
Market Performance: The HSI dropped 26 points (0.1%) to 26,558, while the HSTI and HSCEI also saw declines of 0.4% and 0.3%, respectively.
Active Heavyweights: Notable declines were observed in PING AN, XIAOMI, MEITUAN, and TENCENT, with PING AN experiencing the largest drop of 2.044%.
Constituents on the Rise: WHARF REIC, BIDU-SW, and SHK PPT all hit new highs, with BIDU-SW leading with a 4.2% increase.
Short Selling Trends: Significant short selling activity was noted across various stocks, with BIDU-SW and XIAOMI having the highest short selling amounts at $1.11B and $1.13B, respectively.
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<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.
