---
title: "Hang Seng Index closed higher today, led by the petrochemical sector, while the real estate sector also saw gains. Trip.com rose over 5%."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/89740909.md"
description: "Petrochemicals, insurance, and real estate are leading the gains, with LOGAN GROUP, POWERLONG, and COUNTRY GARDEN up more than 10%. Semiconductors, automobiles, and pharmaceuticals are among the top decliners."
datetime: "2023-06-08T10:19:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/89740909.md)
  - [en](https://longbridge.com/en/news/89740909.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/89740909.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/89740909.md) | [繁體中文](https://longbridge.com/zh-HK/news/89740909.md)


# Hang Seng Index closed higher today, led by the petrochemical sector, while the real estate sector also saw gains. Trip.com rose over 5%.

On June 8th, Hong Kong stocks opened low, and then the three major indexes widened their decline. The Hang Seng Index fell more than 1% at one point. In the afternoon, the index rose, and the decline of the Hang Seng Technology and State-owned Enterprise indexes narrowed, closing at -0.68% and -0.02%, respectively. The Hang Seng Index turned up and closed at 0.25%.

Ctrip rose more than 5%, Zhongan Online rose 2.28%, Bilibili, Meituan, and NetEase rose more than 0.5%, while Yuewen Group fell more than 3%, and Kuaishou, BYD Electronics, and XPENG-W fell more than 2%.

On the market, petrochemicals, insurance, and real estate led the gains, while semiconductors, automobiles, and pharmaceuticals led the declines.

## Petrochemicals lead the gains

PETRO-KING rose more than 18%, NAN NAN RES rose nearly 10%, CNOOC rose more than 2.8%, Sinopec rose 2%, and PetroChina rose 1%.

## Real estate stocks surge

Real estate stocks surged in the morning and remained active throughout the day. Zhengrong Real Estate rose more than 20%, SKYFAME REALTY and KWG GROUP rose more than 20%, and Logan Group, Baolong Real Estate, and Country Garden rose more than 10%.

## Banks and insurance companies lead the gains

VALUE PARTNERS rose nearly 9%, New China Insurance rose more than 3%, and China Everbright Bank, Agricultural Bank of China, and HSBC rose more than 2%.

## Automobiles lead the declines

XPENG-W and Wuling Motors fell more than 2%, BYD fell more than 1.5%, Great Wall Motors and Geely Automobile fell 1.47%, and Ideal Automobile fell 1.12%.

## Semiconductor opens with a plunge

SHANGHAI FUDAN fell more than 5%, COWELL fell more than 4.5%, SMIC and HG SEMI fell more than 1%.

## Biopharmaceuticals pull back

### Related Stocks

- [Trip.com Group Limited (TCOM.US)](https://longbridge.com/en/quote/TCOM.US.md)
- [POWERLONG (01238.HK)](https://longbridge.com/en/quote/01238.HK.md)
- [TRIP.COM-S (09961.HK)](https://longbridge.com/en/quote/09961.HK.md)
- [COUNTRY GARDEN (02007.HK)](https://longbridge.com/en/quote/02007.HK.md)
- [LOGAN GROUP (03380.HK)](https://longbridge.com/en/quote/03380.HK.md)
- [TRACKER FUND (02800.HK)](https://longbridge.com/en/quote/02800.HK.md)
- [FL2 CSOP HSI (07200.HK)](https://longbridge.com/en/quote/07200.HK.md)
- [FI CSOP HSI (07300.HK)](https://longbridge.com/en/quote/07300.HK.md)
- [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md)

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