Financial news
Written by: Zhang Weilun
2020-02-19 12:34
Last updated: 2020-02-19 12:34Hong Kong stocks trended lower then higher today. Affected US stocks fell for three consecutive times, and heavyweight HSBC Holdings (0005) was still weak. The market opened 48 points lower. Later, the trend reversed, and it rose from a decline to recover 27600 points.
The Hang Seng Index closed at 27,651 points at noon, up 121 points, and the HSCEI closed at 10,912 points, up 107 points at noon.
After falling more than 2% yesterday, the exchange holding price is still down this morning and closed at 57.2 yuan at noon; its Hang Seng Bank (0011) fell 0.5% and closed at 163.1 yuan at noon. 0023) rose 0.9%, closing at noon 17.44 yuan, BOC Hong Kong (2388) fell 0.9%, closing at noon 27.4 yuan.
Although HSBC and other banking stocks were down, heavyweight Tencent Holdings (0700) rose to support the market. Tencent closed at noon 411.8 yuan, up 0.9%, and another technology stock Alibaba (9988) also rose, and closed at noon 215.4 yuan, up 0.7%.
In terms of export stocks, Wanzhou International (0288) rose 3.1%, closing at 8.54 yuan at noon, Chuangke Industrial (0669) rose 1.4%, and closing at 69.15 yuan at noon.
In addition, domestic banks and Chinese telecommunications stocks were up. China Construction Bank (0939) rose 1.7% and closed at 6.58 yuan at noon. China Mobile (0941) rose 1.3% and closed at 66.6 yuan at noon.
Hong Kong stock market