Hang Seng Index rose 43 points, Alibaba fell more than 8%, Hong Kong Stock Exchange, Xiaomi set new highs

Financial News

Written by: Xu Shihao

2020-12-24 09:37

Last update date: 2020-12-24 12:46

U.S. President Trump criticized the nearly US$900 billion rescue plan passed by Congress for too small a scale and threatened not to sign for approval, plus Trump’s veto of the National Defense Authorization Act involving US$740 billion in defense spending, between the White House and Congress The contradiction expanded, and the Dow's gains narrowed significantly. In the end, the Dow closed only 114 points or 0.38% to 30129 points; the standard index rose 0.07% to 3690 points; the Nasdaq closed down 0.29% to 12771 points.

Affected by external influences and the China General Administration of Market Regulation’s investigation into Alibaba (9988) regarding suspected monopolistic behavior, the Hang Seng Technology Index reversed yesterday’s upward trend and dropped by nearly 78 points to 8,348 points.

[12:10] Hong Kong stocks in the half-day market JD Health fell more than 15%

Today (24th) Christmas Eve, the Hong Kong stock market is only half-day.

The Hang Seng Index rose 43 points in half a day to 26386 points; the State-owned Enterprise Index reported 10430 points, down 52 points; the Technology Index reported 8142 points, down 283 points.

Alibaba was involved in a monopoly and was investigated by the mainland authorities. It fell 20 yuan or 8% in half a day to close at 228 yuan; Meituan (3690) fell 3%; JD Health (6618) fell 15%; closed at 164.5 yuan.

Xiaomi (1810) closed at 32.45 yuan, an increase of 1.7%; Xinyi Energy (3868) closed at 5.17 yuan, an increase of 3.4%, a new high; Hong Kong Stock Exchange (0388) closed at 413 yuan, an increase of 2.3%, a new high.

[11:03]

Technology stocks tumbled, Alibaba fell 8.2%

The Hang Seng Index opened lower and rebounded to 26406 points, up 63 points or 0.24%; the H-Share Index fell 33 points or 0.32% to 10448 points; the KSI fell 224 points or 2.66% to 8201 points.

Goldin (0530) resumed trading this morning, opened nearly 30% higher, and the new construction cost was 0.37 yuan, up 21.3%;

Technology stocks suffered. Alibaba (9988) fell 8.2% to 228 yuan, the lowest was 227.2 yuan; Meituan (3690) fell 3.4% to 277.2 yuan; Jingdong (9618) fell 2.9% to 323.2 yuan; Tencent (0700) fell 2.2% and is now quoted at 558.5 yuan.

BYD (1211), which has accelerated the spin-off and listing of BYD Semiconductor, is now at 191.8 yuan, down 3.3%.

Xiaomi (1810) reached a new high again, hitting a maximum of 32.85 yuan, and its current price was 32.3 yuan, up 1.3%.

AAC (2018) also set a new high, with the current price of 44.05 yuan or an increase of 7.4%, reaching a peak of 44.95 yuan.

【09:50】HSI rises 75 points

The Hang Seng Index rose 75 points to 26,418 points.

CK Holdings (0001) rose 0.3% to 53.35 yuan; HSBC (0005) rose 1.6% to 40.2 yuan, and Tencent (0700) fell 1% to 565 yuan.

Xiaomi reached a new high, rising 0.55 yuan to 32.45 yuan.

[09:43] JD Health drops nearly 10%

The stock price of JD Health (6618), which has soared in the past few days, has retreated, and the latest price is 175.8 yuan, down 19.2 or 9.8%.

【09:35】HSI fell more than 100 points

Hong Kong stocks fell more than a hundred points, the latest report was 26240 points, down 102 points; the technology index reported 8271 points, down 154 points.

Alibaba’s monopoly was investigated, and the stock price intensified, with the latest drop of 17.8 yuan to 230.6 yuan.

[09:20] Ali fell 3% when the market opened

The Hang Seng Index opened less than 1 point lower, at 26342 points; the Hang Seng Technology Index opened at 8348 points, down 77.6 points; the State-owned Enterprise Index reported 10463 points, down 19 points.

The State Administration of Market Supervision initiated investigations into suspected monopolistic behaviors such as "choosing one of two" against Alibaba in accordance with the law. Alibaba fell more than 3% during the extended trading hours of U.S. stocks; Hong Kong stocks also fell 8.4 yuan or 3.4% at the opening of the market, to 240 yuan; It fell 7 yuan to 326 yuan; after several days of rising in a row, JD Health dropped 8 yuan or 4% when the market opened; it reported 187 yuan.

AAC (2018) plans to spin off its optical business for listing in the Mainland, and its share price opened 4% higher at 42.65 yuan.

Hang Seng Index