[Continuous Update] Hong Kong stocks' decline widens to 774 points

Financial news

Written by: Lin Leqian He Jinglian

2020-01-29 13:37

The spread of Wuhan pneumonia caused by the new coronavirus has also recorded many confirmed cases in Hong Kong. Affected by the epidemic, investor sentiment worsened. On the first trading day of the Year of the Mouse, Hong Kong stocks opened sharply lower as expected. "Hong Kong 01" kept abreast of the stock market situation throughout the day.

[14:27] Hong Kong stocks fell to 774 points in the afternoon

The decline of Hong Kong stocks expanded again in the afternoon. The Hang Seng Index reported a new report at 27175 points, down 774 points. The state-owned enterprise index reported a new report at 10597 points, down 379 points.

Of the 50 constituent stocks currently, only Tencent Holdings (0700) can rise against the market. Of the remaining blue chips, 5 of them have fallen more than 50%. Both CITIC (0267) and Hang Lung Properties (0101) recorded a 5.8% decline.

[13:36] Hong Kong stocks fall more than 700 points, China Medical Group suspends trading after nearly triple

Hong Kong stocks still recorded a drop of more than 600 points in the afternoon. The latest report was 27,244 points, down 705 points. However, there are still outstanding performances of listed companies. China Medical Group (8225) once saw a high of 0.455 yuan, an increase of 298.2% from the previous day. After that, the suspension of trading was reported at 0.43 yuan before the suspension, up 280%. The number is 90.5 million shares.

[12:00] Hong Kong stocks fell 660 points for half a day

The Hang Seng Index closed at 27,289 points at noon, down 660 points. The state-owned enterprise index closed at 10,650 points at noon, down 326 points, and the turnover was 68.332 billion yuan.

[11:30] Hong Kong stocks continue to be weak, but Hong Kong sees more than 10% against the market

Hong Kong stocks performed weakly on the first trading day of the Year of the Mouse. The HSI last reported a loss of 658 points at 27,290. However, Hong Kong Television (1137) rose against the market, with the latest price of 4.21 yuan, up 11.1%, and turnover of 58.6 million yuan.

As for Japan City parent company International Home Retail (1373), which fell 1.1%, the latest report was 1.79 yuan.

[11:02] Damo sings well, the performance of the Qing Dynasty is against the market

Nissin Foods Co., Ltd. (1475) was praised by the big players, and its stock price rose 7.2% against the market trend. The latest price was 6.54 yuan and the turnover was 42.3 million yuan. Morgan Stanley stated that Nissin Foods entered Shanghai and imported and sold Japanese brand food and beverages in the Mainland. The average price of the products is expected to rise, giving the company an overweight rating and a target price of 8.6 yuan.

[10:40] Pharmaceutical stocks rise 27%

The lung disease epidemic is raging. Although Hong Kong stocks have fallen more than 700 points, pharmaceutical stocks have gone up.

As of 10:36 in the morning, Shandong Xinhua Pharmaceutical (0719) reported the latest price of 4.96 yuan, up 22.7% against the market trend, with a turnover of about 11.11 million yuan. Geli Pharmaceutical (1672) rose 27.2% to 3.79 yuan, with a turnover of approximately 62.15 million yuan; China Traditional Chinese Medicine (0570) rose approximately 1.5% to 3.98 yuan.

There was also a setback for pharmaceutical stocks. Kangzhe Pharmaceutical (0867) fell more than 4.6% to 11.12 yuan.

[10:31] China Travel has not stopped diarrhea, falling nearly 9%

Hong Kong partially closed customs, and mainland provinces and cities also successively closed cities, which impacted the tourism industry. The current price of Hong Kong China Travel Service (0308) dropped by 8.46% to 1.19 yuan. For Fosun Tourism Culture (1992), it is expected that tourism revenue from mainland China will be greatly affected in the near future. The stock is now down 5.73% to 10.2 yuan.

[09:54] Mainland film, television and entertainment stocks smash

Mainland cinemas were suspended from business to fight the epidemic, and related film and television entertainment stocks slumped. Among them, Huanxi Media (1003) and Diarrhea (23%); IMAX China (1970);

[09:50] Risk aversion, gold price and yen weaken

The University of Hong Kong has announced the preliminary research and development of vaccines, and animal experiments will be conducted. The international gold price is now reported at US $ 1,564 per ounce, down nearly 1%;

The latest yen to Hong Kong dollar reported at 7.1223 per 100 yen, down from yesterday's high of 7.1519.

The offshore renminbi was reported at 6.9597, down nearly 0.1%; the British pound fell slightly to 1.3; the euro fell slightly to 1.1018. International oil prices have risen. New York oil futures are now reported at US $ 53.94 per barrel, an increase of about 1.6%. Brent oil is currently reported at US $ 60.04 per barrel, an increase of 1.21%.

[09:49] Hong Kong stocks narrowed down below 700 points

After the opening of the Hong Kong stock market, the decline gradually narrowed. The latest Hang Seng Index closed at 27296 points, down 653 points. The state-owned enterprise index last reported 10700 points, down 276 points.

[09:47] Nine homes under pressure for rent-receiving stocks

Hong Kong was partially closed to reduce the flow of people between China and Hong Kong, and local rent collection stocks were under pressure. Among them, Jiulongcang Real Estate Co., Ltd. once slumped more than 50% in 1997, and now reported 42.8 yuan, 4.1%; Swire Properties Co., Ltd. fell 4.6% to 25.2 yuan; Hysan Development Co., 0014 fell 2.3% to 29.5 yuan.

[09:45] Mainland aviation stocks all down

Mainland airline stocks all down this morning. China Eastern Airlines (0670) fell 5.3%, the latest reported at 3.59 yuan, China Southern Airlines (1055) fell 5.6%, the latest reported at 4.4 yuan, Air China (0753) fell 4.3%, the latest reported at 6.43 .

[09:44] Government suspends free travel and high-speed rail salsa falls by more than 10%

The government yesterday agreed to suspend the issuance of endorsements for personal travel (free travel), significantly reduce the land, sea and air transportation services of the two places, and the suspension of services at Sha Tau Kok and Wenjindu Ports. Local retail stocks tumbled this morning. Salsa (0178) had fallen 10.9%, as low as 1.47 yuan; Chow Tai Fook (1929) fell 6.68%, and IT (0999) fell 6.92% to 1.75 yuan.

[09:41] Asia Pacific stock markets rebound

As the stock market has stabilized this morning, the Japanese stock market last reported a rise of 23 points, up 23 points; the South Korean stock market last reported a rise of 10 points, 2187 points, and the New Zealand stock market last reported a rise of 7715 points, up 21 points. The index last reported at 7035 points, up 40 points.

[09:33] Gambling stocks fall more than 5% SJM drops 7.6%

The number of confirmed cases in Macau continues to rise. The Macau government has stated earlier that if the epidemic continues to worsen, it does not rule out the closure of casinos. The gambling stocks were sold after the Lunar New Year holiday. Among them, Xinyi International (0200) fell 7.44% to 17.16 yuan; SJM 0880 (7.68%) fell to 8.48 yuan; Galaxy Entertainment (0027) fell 6.33% to 1. 52.5 yuan.

[09:33] Haidilao rises 4%

Mainland restaurant group Haidilao (6862) and Taiji pickled fish, a subsidiary of Taiji pickled fish Jiu Mao Jiu International (9922), announced that during the Chinese New Year holiday, the Mainland branch was temporarily closed. However, the stock price reaction was mixed, and Haidilao "surprisingly" rose, temporarily reporting 30.7 yuan, up 3.36%. Jiu Mao Jiu International fell 5.27% in the early stages to 8.8 yuan.

[09:23] Hong Kong stock market opens

The Hang Seng Index opened at 27,101 points, down 848 points (3.03%); the HSCEI closed at 10615 points, down 360 points (3.28%).

Blue chip stocks generally fell on the market, Tencent (0700) fell 0.41% to 384.2 yuan; AIA (1299) fell 1.45% to 81.8 yuan; HSBC Holdings (0005) fell 2.7% to 57.15 yuan; Ping An (2318) fell 2.6 %, Reported at 92.4 yuan; Hong Kong Stock Exchange (0388) fell 3.5% to 262 yuan; Link Show (0823) fell 5% to 77.5 yuan. Alibaba (9988) fell 4.1% to 205.8 yuan.

[Wuhan pneumonia] Macau or gambling stocks down more than 5% if epidemic situation worsens

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