Written by: Zhang Weilun
2019-12-03 09:50Last updated: 2019-12-03 09:51
Sino-U.S. Economic and trade negotiations are renewed, and China announced yesterday that it would ban US military aircraft and ships from visiting Hong Kong, and was accused of countering US President Trump ’s signing of the Hong Kong Bill of Rights and Democracy last week. Dragged down by relevant news, after the Hong Kong stocks opened 128 points lower this morning, the downward trend continued to expand, and the decline was close to 400 points.
The Hang Seng Index last reported at 26,102 points, down 342 points; the latest report was 10,267 points, down 97 points.
Technology stocks are generally down this morning. Heavily weighted Tencent Holdings (0700) recently reported 329 yuan, down 1.2%, Meituan Review (3690) last reported 103.3 yuan, down 1.3%, Alibaba (9988) latest reported 190.8 yuan, Down 2.4%.
China property stocks generally gave up today, China Evergrande (3333) fell 0.8%, the latest reported 19.64 yuan, Country Garden (2007) fell 2%, the latest reported 10.98 yuan, China Overseas Development (0688) fell 0.2%, the latest reported 26.9 yuan .
Financial stocks also softened. AIA (1299) fell 1.8% to HK $ 77.5, HSBC Holdings (0005) fell 1.3% to HK $ 57.65.
Hong Kong stock market trends Hong Kong stock market Hong Kong Human Rights and Democracy Act