--- title: "Hong Kong stocks closed (06.16) | The Hang Seng Index fell 1.4%, pressured by technology stocks and mainland property stocks, while Lenovo Group rose over 4% against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/289886586.md" description: "On June 16th, the three major indices of Hong Kong stocks fluctuated and fell, with the Hang Seng Index down 1.4% to 24,493.95 points. Technology stocks, domestic property stocks, and oil stocks were under pressure and declined, with Tencent and Alibaba both falling over 2%. Lenovo Group rose more than 4% against the trend, benefiting from strong performance in the server market. Soochow Securities pointed out that the Federal Reserve's interest rate meeting is an important catalyst, and a neutral stance would be favorable for a rebound in Hong Kong stocks" datetime: "2026-06-16T08:32:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289886586.md) - [en](https://longbridge.com/en/news/289886586.md) - [zh-HK](https://longbridge.com/zh-HK/news/289886586.md) --- # Hong Kong stocks closed (06.16) | The Hang Seng Index fell 1.4%, pressured by technology stocks and mainland property stocks, while Lenovo Group rose over 4% against the trend According to the Zhitong Finance APP, the three major indices of the Hong Kong stock market fluctuated lower throughout the day, with the decline expanding in the afternoon. The Hang Seng Index fell by 1.4% or 348.72 points, closing at 24,493.95 points, with a total turnover of HKD 24.9885 billion; the Hang Seng China Enterprises Index dropped by 1.62%, closing at 8,240.05 points; the Hang Seng Tech Index decreased by 2.24%, closing at 4,658.65 points. Dongxing Securities believes that the number of catalytic factors has significantly increased compared to previous periods. In addition to the US-Iran agreement, this week's Federal Reserve meeting is an important catalyst. As long as the new Federal Reserve Chairman, Christopher Waller, expresses a relatively neutral stance (avoiding strong hawkish signals), it can effectively support global risk assets, benefiting the rebound of Hong Kong stocks and the inflow of foreign capital. ## **Blue Chip Performance** Lenovo Group (00992) continued its upward trend. By the close, it rose by 4.26%, closing at HKD 25.46, with a turnover of HKD 2.87 billion, contributing 10.9 points to the Hang Seng Index. Data from IDC on the x86 server market for the first quarter of 2026 shows that Lenovo Group achieved a significant breakthrough in the global x86 server market: based on vendor revenue, Lenovo Group rose to second place globally with a year-on-year growth rate of 36.5%, capturing a market share of 8.8%, an increase of 2.5 percentage points year-on-year. In other blue chip stocks, Xinyi Glass (00868) rose by 1.68%, closing at HKD 9.66, contributing 0.54 points to the Hang Seng Index; CATL (03750) rose by 1.56%, closing at HKD 716, contributing 3.49 points to the Hang Seng Index; China Resources Mixc Lifestyle (01209) fell by 5.1%, closing at HKD 39.8, dragging down the Hang Seng Index by 2.28 points; China Resources Beer (00291) fell by 4.56%, closing at HKD 22.62, dragging down the Hang Seng Index by 2.72 points. ## **Popular Sectors** On the market, large tech stocks generally showed declines, with Tencent and Alibaba both dropping over 2%. In the first five months, national real estate development investment decreased by 16.2% year-on-year, with most domestic property stocks falling; the upcoming signing of a peace agreement between the US and Iran led to a pullback in oil prices, putting pressure on oil stocks; aluminum, paper, beer, and sports goods stocks also weakened. On the other hand, Chinese brokerage stocks rose against the trend, with CITIC Securities rising over 4%; Junda Co., Ltd. surged over 7%, leading the commercial aerospace concept. **1\. Chinese brokerage stocks rise against the trend.** By the close, CITIC Securities (06030) rose by 4.34%, closing at HKD 28.36; GF Securities (01776) rose by 3.61%, closing at HKD 17.52; Guotai Junan (02611) rose by 2.62%, closing at HKD 15.28; China International Capital Corporation (03908) rose by 1.54%, closing at HKD 21.12. At the beginning of June, data disclosed by the Shanghai Stock Exchange showed that the number of new A-share accounts opened in May was 2.7653 million, a year-on-year increase of 77.76% and a month-on-month increase of 11%; as of June 12, the average daily trading volume for 2026 reached RMB 3.20 trillion, a year-on-year increase of 98.4%. The total financing scale of A-share IPOs in April and May reached RMB 32.3 billion, an increase of 25% compared to the overall RMB 25.9 billion in the first quarter. The expansion of IPOs in the second quarter is accelerating, benefiting brokerage investment banks and the entire investment chain. Kaiyuan Securities released a research report stating that the pressure on funds in the second quarter is expected to be lifted, with the refinancing boot dropping, and the expansion of IPOs is favorable for brokerage investment banks and the profitability of the investment chain, with brokerage performance in the second quarter expected to continue to exceed expectations **2\. Most property stocks fell.** By the close, Sunac China (01918) fell 7.23% to HKD 0.77; Xincheng Development (01030) fell 6.06% to HKD 1.55; R&F Properties (02777) fell 5.56% to HKD 0.255. Data released by the National Bureau of Statistics showed that from January to May, national real estate development investment was CNY 30,356 billion, a year-on-year decrease of 16.2%; among them, residential investment was CNY 23,426 billion, down 15.6%. From January to May, the sales area of newly built commercial housing was 31,320 million square meters, a year-on-year decrease of 10.8%; among them, the sales area of residential housing decreased by 12.1%. The sales amount of newly built commercial housing was CNY 29,366 billion, down 13.5%; among them, the sales amount of residential housing decreased by 14.1%. A recent research report from Guosen Securities pointed out that the industry is still in the transition phase from "expectation repair" to "fundamental verification." In the second half of the year, attention should be paid to the sustainability of transactions, the expansion of the stabilization range of housing prices, and whether the recovery of rents can form a positive cycle. **3\. Oil stocks were collectively under pressure.** By the close, CNOOC Limited (02883) fell 2.91% to HKD 7.33; CNOOC (00883) fell 2.56% to HKD 23.58; PetroChina (00857) fell 2.00% to HKD 9.79; Sinopec (00386) fell 2.06% to HKD 4.28. International oil prices have significantly retreated, with Brent crude futures hovering around USD 82, and U.S. oil falling below the USD 80 mark for the first time in over three months. The latest news indicates that the U.S. and Iran have signed a memorandum of understanding electronically. Several Iranian vessels have successfully passed through the U.S. maritime blockade zone. Trump stated that the Strait of Hormuz "has been partially opened" and will be fully opened on Friday (June 19). However, the U.S.-Iran agreement did not require Israel to withdraw its troops from Lebanon. Israeli Prime Minister Netanyahu stated, "This struggle is not over." ## **Popular Active Stocks** **Andeli Juice (02218) surged significantly.** By the close, it rose 25.79% to HKD 28.68. On the evening of June 15, Andeli announced that the company had signed a "Framework Agreement for Equity Transfer" with the shareholders of Ningbo Yongqiang Technology Co., Ltd. (hereinafter referred to as Yongqiang Technology), intending to acquire control of the target company for a total consideration of CNY 600 million to 800 million, entering the high-speed high-frequency and BT (a type of high-performance circuit board substrate material) substrate material market. **Dongyue Group (00189) continued to strengthen. By the close, it rose 13.59% to HKD 21.06.** Latest data from Fluorine Online on June 15 showed that the prices of mainstream products of the third-generation refrigerants reached new highs, with the ex-factory price of the core raw material R32 for air conditioning at CNY 63,000 per ton; the market price of R134a, commonly used in new energy vehicles, was CNY 64,000 per ton. In addition, data shows that the group's R&D in polytetrafluoroethylene materials, organic silicon new materials, silane coupling agents, and other areas is also progressing steadily **JianTao Laminated Board** **(** **01888** **)** **hits a new high again**. As of the close, it rose by 7.11%, closing at HKD 85.9. Since the beginning of this year, the prices of electronic fabrics and copper-clad laminates have continued to rise, and there has been a capacity shortage of related resins, jointly driving the price surge in the PCB industry. By early June, the commonly used specifications of electronic fabrics in the market had completed the fifth round of price increases for 2026, with an average price reaching 7.4 yuan/meter, an increase of 100% compared to the low point in Q3 2025. **JinLi Permanent Magnet** **(** **06680** **)** **surged during the session**. As of the close, it rose by 4.95%, closing at HKD 19.93. With the wave of large-scale investment in AI computing power infrastructure, the application scenarios for various small metals such as tin and rare earths continue to expand. With the attributes of the computing power industry chain, they have been dubbed "computing power metals" by the market. Guojin Securities is optimistic about the market for tin, rare earths, tungsten, and molybdenum, believing that the supply and demand fundamentals of related varieties are sufficiently supported, and high-quality resource targets are expected to benefit significantly. **China Minmetals Resources** **(** **01208** **)** **stock price plummeted**. As of the close, it fell by 11.91%, closing at HKD 8.58. China Minmetals Resources announced plans to place nearly 706 million new shares, with the net proceeds from the placement estimated at approximately HKD 6.253 billion. At the same time, the company will issue zero-coupon convertible bonds maturing in 2027, with net proceeds estimated at approximately USD 813 million, equivalent to about HKD 6.37 billion. 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