[Closing Summary] U.S. stocks plunged, Hong Kong stocks closed lower, 196 points down

Financial news

Written by: Zhai Ziqian

2020-02-26 16:25

The outbreak of a new type of coronary pneumonia has spread globally, and U.S. disease control officials have warned that the epidemic may evolve into a major plague. Under the haze of the epidemic, global terror selling was triggered. US stocks fell for the second day in a row. The Dow closed down 879 points, and it fell 1,900 points in two days.

Hong Kong stocks were dragged down by the external market, opening 413 points lower and seeing a day low of 26479 points. The decline was narrowed in the early stage. Before the noon market close, it had seen a day high of 26,776 points, only down 117 points. No breakthrough was seen in the afternoon, hovering below 26700 points. The Hang Seng Index closed at 26696 points, down 196 points or 0.7%. The H-Share Index closed at 10501 points, down 78 points or 0.74%. The main board turnover was close to 120 billion yuan.

The Financial Secretary, Chen Maobo, read a new Budget in the Legislative Council, stating that it would launch a large-scale countercyclical measure involving 120 billion yuan, and announced that the fiscal deficit for the next financial year would be the highest ever, and announced that it would be 18 years old. People, distributed 10,000 yuan.

The rich man sent sugar, and the mortgage securities company planned to launch a fixed-rate mortgage. Some local real estate stocks benefited from the market stabilization. Henderson Land (0012) closed at 35.75 yuan, up 0.4%; SHKP (0016) closed at 111.3 yuan, up 0.2%; Changshi (1113) and New World (017) closed flat.

Mobile phone equipment rebounded a few days ago, and today it gave up and fell. Sunyu (2382) and AAC (2018) fell 3.7% and 2.8%, respectively, and arranged the two worst performing blue chips. BYD Electronics (0285) was 1.8% softer; Qiu Ti Technology (1478) was inserted 3.4%.

For A shares, the mainland stock market slumped in the afternoon. The Shanghai Stock Exchange Index closed at 2987 points, down 25 points. The Shenzhen Stock Exchange Index closed at 11497 points, down 358 points or 3%. The GEM Index closed at 2180 points, down 106 points or 4.7%.

Closing Summary Hong Kong Stock Trends Hong Kong Stock Market Shunyu Optics AAC Technologies Changshi Group Xindi