The three major A-share indices fell collectively, real estate stocks rebounded, the Hang Seng Index and the Hang Seng Tech Index both dropped over 1%, technology stocks generally declined, chip stocks rose against the trend, and Shanghai silver plummeted 7%
Wallstreetcn·
- A-share real estate stocks rebounded as the National Bureau of Statistics reported a narrowing decline in residential sales prices in January across first, second, and third-tier cities.
- The market experienced risk aversion following concerns about AI disrupting business models and a significant drop in U.S. existing home sales, leading to sell-offs in stocks and commodities.
- As of the report, A-share indices were down 0.39%, with substantial declines in Hong Kong stocks, the bond market showed mixed results, and most domestic commodity futures fell sharply.