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<H Shrs>HSI Sags 91Pts at Open; MEITUAN-W, JD-SW Suppressed; Golds Rally
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U.S. President Donald Trump’s threat to fire Federal Reserve Chair Jerome Powell ignited a 971-point or 2.5% slump in the DJIA on April 21. Hong Kong bourse resumed trading post-Easter holiday with a lower opening. The HSI sagged 91 points or 0.4% to 21,303; the HSCEI dropped 31 points or 0.4% to 7,866; and the HSTECH faded 32 points or 0.7% to 4,854. Gold prices surged past USD3,400, hitting a record high, boosting gold and metal recycling stocks. CHIFENG GOLD (06693.HK) soared 15% to HKD34.15. SD GOLD (01787.HK) and ZHAOJIN MINING (01818.HK) jumped up 9.4% and 7.3%, respectively. ZIJIN MINING (02899.HK) leaped 5.1%. In the gaming sector, China saw 118 domestic and 9 imported online games approved in April, including titles from TENCENT (00700.HK) and NTES-S (09999.HK). TENCENT opened 0.4% higher at HKD460, while NTES-S lost 1.5% to HKD156. The food delivery sector remained under scrutiny, with MEITUAN-W (03690.HK) and JD-SW (09618.HK) plunging 4% and 5.2%, respectively. Other tech stocks notched mixed performance. BABA-W (09988.HK), BIDU-SW (09888.HK) and BILIBILI-W (09626.HK) opened 0.3%-0.6% lower. XIAOMI-W (01810.HK) gained 1.2% to HKD42.45. SMIC (00981.HK) rose 0.9%. AAStocks Financial News |
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