Technology stocks fall against the market, Meituan and JD.com both drop over 7% in half a day｜Continuous update

Financial News

Written by: Zhang Weilun District Jiajun

2020-11-10 12:17

Last update date: 2020-11-10 12:17

The new crown pneumonia vaccine is expected to be launched soon, driving US stocks to rise. The Dow soared by more than 1,200 points, leading to a general rise in Asia-Pacific stock markets this morning, of which the Japanese stock market exceeded 25,000 points.

[12:16] Hang Seng Index rose 186 points in half a day

The Hang Seng Index rose 186 points in the half-day, and closed at 26,202 points at noon. The China National Index reported 10,576 points, down 56 points. The Hang Seng Index reported 8001 points, down 392 points.

Today’s new economy stocks fell across the board. Ali (9988) fell 3.3%, closed at 280.6 yuan at noon, Tencent (0700) fell 3.4%, closed at 601.5 yuan at noon, Xiaomi (1810) fell 4.5% to 24.4 yuan, Meituan ( 3690) reported 309.4 yuan, down 7.7%, and Jingdong (9618) fell 7.5%.

Old economy stocks rose across the board. Cathay Pacific (0293) rose 11.6% to 6.27 yuan, China Eastern Airlines (0670) rose 8.5% to 3.56 yuan, and China Southern Airlines (1055) rose 6.1% to 4.85 yuan.

Banking stocks also rebounded. HSBC (0005) rose 5.6% to 36.8 yuan, and Standard Chartered (2888) rose 8% to 41.05 yuan.

However, the Hong Kong Stock Exchange (0388) bucked the trend and fell to 382 yuan, down 1.5%.

[11:33] Air travel concept stocks soar

Vaccines are expected to be launched. Aviation and travel stocks rose significantly this morning. China Eastern Airlines (0670) surged 9.1%, the latest report was 3.58 yuan, China Southern Airlines (1055) rose 6.6%, the latest report was 4.87 yuan, and Air China (0753) rose 12.6%, the latest report At 5.99 yuan, Cathay Pacific (0293) rose 12.1% to 6.3 yuan.

Genting Hong Kong (0678), which operates cruise ships, soared 24%.

Gaming stocks also surged. Wynn (1128) rose 10.1%, last reported 13.72 yuan, Sands (1928) rose 7.2%, last reported 32.7 yuan, SJM (0880) rose 10%, last reported 9.76 yuan, and GEG ( 0027) rose 6.7% to 62.8 yuan.

[09:47] Hang Seng Index's gain narrowed to 272 points

The Hang Seng Index’s gains narrowed, the latest report was 26,288 points, an increase of 272 points, the HSCEI’s latest report was 10618 points, which fell 14 points, and the Hang Seng Index’s latest report was 8052 points, which fell 341 points.

HSBC (0005) last reported 36.9 yuan, up 5.9%; Cathay Pacific (0293) rose 13%, last reported 6.35 yuan.

[09:29] Different trends in mainland stock markets

The mainland stock market moved differently this morning. The Shanghai Stock Exchange opened 13 points higher, the latest reported at 3387 points, Shenzhen Chengtong opened 19 points lower, the latest reported 14121 points, the Shanghai and Shenzhen opened 14 points higher at 4995 points, and the GEM latest reported 2811 points, low. Open at 2 o'clock.

[09:20] Old economy launches Hang Seng Index to open 457 points higher

The Hang Seng Index opened 457 points higher and opened at 26474 points.

The H-Share Index opened 72 points higher and opened at 10705 points.

Technology stocks representing the housing economy declined, with Tencent (0700), Ali (9988) and Meituan (3690) falling 2.3%, 2.3% and 3.7% respectively.

JD (9618) fell 7.5%.

As the old economy started, China Merchants Bank (3968) rose 3.4%; Hang Seng (0011) rose 4.6%; HSBC (0005) surged 7%.

Airline stocks took off, Cathay Pacific (0293) rose 15%.

[08:44] Japanese stocks rose above 25,000 points

Japanese stocks hit a new high for more than 29 years, with the latest report of 25130 points, up 290 points, Australia's ASX 200 index last reported 6392 points, up 93 points, and South Korea's KOSPI index last reported 2452 points, up 5 points.

In terms of individual stocks, JAL rose 16.5% and ANA rose 16%.

U.S. stocks, U.S. stocks battle report, Japanese stocks and Hong Kong stocks trend