Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<H Shrs>HSI Closes Down 570 Pts, but Oils & Gold Miners Gain; Airlines/ Banks Subtract
Recommend 2 Positive 2 Negative 2 |
||||
|
||||
|
The HSI slipped 570 points or 2.1% to close at 26,059. The HSCEI dropped 157 points or 1.8% to finish at 8,701. The HSTECH waned 148 points or 2.9% to settle at 4,989. Total market turnover for the day amounted to $357.679 billion. Oil prices ascended significantly, lifting PETROCHINA (00857.HK) and CNOOC (00883.HK) by 4.1% and 5.6%. CHINA OILFIELD (02883.HK) escalated 7%. Energy transport stock COSCO SHIP ENGY (01138.HK) mushroomed 7%. Gold prices inclined, boosting SD GOLD (01787.HK) and ZHAOJIN MINING (01818.HK) by 7.1% and 6%. ZIJIN GOLD INTL (02259.HK) advanced 4.7%, while aluminum stock CHINAHONGQIAO (01378.HK) hyped up 7.2%. Disruptions to Middle East routes dented airlines CHINA SOUTH AIR (01055.HK) and CHINA EAST AIR (00670.HK) by 8.3% and 7.9%. AIR CHINA (00753.HK) and CATHAY PAC AIR (00293.HK) descended 5.3% and 4.1%, while duty-free store operator CTG DUTY-FREE (01880.HK) eroded 3.9%. The USD strengthened. Chinese developers SUNAC (01918.HK) and CHINA VANKE (02202.HK) dipped 9.6% and 6.1%. Market attention returned to the private credit market, dragging down financials. HSBC HOLDINGS (00005.HK), BOC HONG KONG (02388.HK) and STANCHART (02888.HK) stumbled 4.7-6.5%, while HKEX (00388.HK) and AIA (01299.HK) sagged 1.9% and 2.1%. Chinese banks ABC (01288.HK), CCB (00939.HK) and BANK OF CHINA (03988.HK) lost 2.4-2.8%, while Chinese insurers CPIC (02601.HK), CHINA LIFE (02628.HK) and ZA ONLINE (06060.HK) cratered 3.4-5%. Brokers CGS (06881.HK) and GF SEC (01776.HK) eroded 4.2% and 4.9%, while CITIC SEC (06030.HK) faded 3.9%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
