Hong Kong Stocks Fall 105 Points as Cai Ye Announces Budget

Investors are worried that the U.S. Federal Reserve will still raise interest rates before June this year. The federal funds rate may reach 5.5%. The news dragged down the U.S. stock market on Tuesday (21st). The index fell nearly 700 points, and the Nasdaq fell by 2.5%, the largest decline among the three major indexes.

Stock markets in the Asia-Pacific region followed the U.S. stock market decline this morning, among which the Japanese stock market fell by more than 300 points.

As the US interest rate is still likely to rise, HSBC (0005)'s stock price and ADR in London both rose.

On the other hand, Financial Secretary Paul Chan Mo-po will announce a new budget at 11:00 this morning. You can pay attention to how the government looks at the future prospects of Hong Kong's economy.

【16:50】

Financial Secretary Chen Maobo announced a new budget this morning, which includes the announcement of the distribution of 5,000 yuan consumption vouchers and the adjustment of stamp duty for first-time home buyers.

However, relevant measures did not have much stimulating effect on Hong Kong stocks, and finally closed lower.

The Hang Seng Index closed at 20,423 points, down 105 points, the H-Share Index fell 92 points to 6,832 points, and the KCI fell 57 points to 4,100 points, with a turnover of 114.6 billion yuan.

HSBC (0005) performed well, rising 5.3% throughout the day to close at 60.65 yuan. Its subsidiary Hang Seng (0011) rose 2.7% to 131.6 yuan.

For other banking stocks, Bank of China (2388) rose 2%, Standard Chartered (2888) rose 1.2%, and BEA (0023) closed flat.

Real estate stocks also closed higher. SHKP (0016) rose 0.8% to 111.9 yuan, Henderson Land (0012) rose 1.6%, Cheung Kong (1113) rose 0.2%, and New World (0017) fell 1.2%.

As for rental stocks, Link REIT (0823) rose 0.9% to 53.2 yuan, Wharf Land (1997) rose 2% to 43.55 yuan.

Technology stocks closed lower. Ali (9988) fell 2.4%, Tencent (0700) fell 1.6%, and Meituan (3690) rose 0.1%.

【15:13】

The mainland stock market closed lower. The Shanghai Stock Exchange closed at 3291 points, down 15 points. The Shenzhen Component Index closed at 11900 points, down 68 points. The CSI 300 Index closed at 4105 points, down 37 points. The ChiNext Index closed at 2451 points, down 17 points point.

In terms of stock markets in the Asia-Pacific region, Japanese stocks fell 368 points to 27,104 points, Korean stocks fell 41 points to 2,417 points, and Taiwan fell 144 points to 15,418 points.

In terms of Hong Kong stocks, the Hang Seng Index fell 93 points to 20,436 points, the State Index fell 89 points to 6,835 points, and the KCI fell 66 points to 4,091 points.

【14:47】

The decline in Hong Kong stocks expanded. The Hang Seng Index was at 20461 points, down 67 points.

Wharf Land (1997) rose 2.7%, Chow Tai Fook (1929) rose 1.7%, Link REIT (0823) rose 0.9%, and Meituan (3690) rose 0.7%.

Country Garden Services (6098) fell 3.1%, and Technological Industries (0669) fell 5.7%.

【14:07】

Hong Kong stocks turned lower. The Hang Seng Index was at 20481 points, down 48 points. The State Index fell 71 points to 6853 points.

New World (0017) fell 0.7%, Cheung Kong (1113) rose 1%, SHKP (0016) rose 2.3%, Kerry (0683) rose 0.9%.

HSBC (0005) rose 4.8% to 60.35 yuan.

【12:26】

The Hang Seng Index rose 5 points in half a day to 20,534 points, the State Index fell 44 points to 6,880 points, and the KCI fell 36 points to 4,121 points.

HSBC (0005) rose 4.9% to 60.45 yuan, Hang Seng (0011) rose 2.7%, Bank of China (2388) rose 2.2%.

Chow Tai Fook (1929) rose 1.3%.

As for real estate stocks, SHKP (0016) rose 0.8%, while New World (0017) fell 1.2%.

【10:46】

Hong Kong stocks turned from losses to gains. The Hang Seng Index was at 20,543 points, up 13 points. The State Index fell 34 points to 6,890 points.

HSBC (0005) rose 4.7%, the latest reported at 60.3 yuan, Hang Seng (0011) rose 2.5%, Bank of China (2388) rose 2%.

【09:52】

Real estate stocks generally fell. New World (0017) fell 1.2%, Sun Hung Kai (0016) rose 0.9%, Cheung Kong (1113) rose 0.8%, Sino Land (0083) fell 2.1%, and Kerry (0683) fell 0.3%.

HSBC (0005) narrowed its gain to 4.5% to 60.2 yuan.

The Hang Seng Index was last at 20385 points, down 143 points, the State Index fell 95 points to 6829 points, and the KCI fell 84 points to 4073 points.

【09:25】

The Hang Seng Index was at 20512 points, down 17 points, the State Index was at 6879 points, down 45 points, and the KCI was at 4116 points, down 41 points.

HSBC (0005) opened 5.6% higher at 60.8 yuan, Standard Chartered (2888) opened 1.5% higher at 72.05 yuan, and Hang Seng (0011) opened 0.8% higher at 129.2 yuan.

In terms of technology stocks, Ali (9988) was last reported at 92.1 yuan, opening 3.3% lower, Tencent (0700) was last at 355.6 yuan, opening 1.7% lower, Meituan (0700) was last at 138.8 yuan, opening 0.7% lower, JD.com (9618 ) fell 3.3%.

The Hong Kong Stock Exchange (0388) was last quoted at 325.6 yuan, opening 1.1% lower.

In terms of consumer stocks, Budweiser (1876) was last at 22.85 yuan, opening 0.7% lower, and Haidilao (6862) was last at 19 yuan, opening 1% lower.