Financial news
Written by: Zhang Weilun
2020-01-21 09:53
Last updated: 2020-01-21 09:53The worsening of the new pneumonia epidemic in Wuhan and the downgrade of the Hong Kong government credit rating by Moody's have dampened investor confidence. After opening 346 points lower this morning, Hong Kong stocks continued to expand to more than 500 points, of which AIA (1299) fell more than 3%. AIA alone has dragged the market down by more than 100 points.
The Hang Seng Index was last reported at 28270 points, down 525 points; the State-owned Enterprise Index was last reported at 11,137 points, down 195 points. Of the 50 constituent stocks of the HSI, only CSPC (1093) rose reversibly.
AIA fell 3.5%, the latest reported at 81.8 yuan, Tencent Holdings (0700), which was reduced by Chairman Ma Huateng, fell 2%, the latest reported 388.2 yuan.
Gambling stocks have not stopped falling, Sands China (1928) fell 2.6%, the latest reported at 41.25 yuan.
Pharmaceutical stocks were sought after by investors. Bai Yunshan (0874) hit a new one-month high of 29.4 yuan, and Dongyang Sunshine Pharmaceutical (1558) hit a record high of 50.1 yuan.
Hong Kong stocks trend Hong Kong stock market Wuhan pneumonia Moody's
