Hong Kong stocks, POP MART hit a new high, a model for going global; Kuaishou released its financial report and fell 10%; Hang Seng Index
Hello everyone, I'm Jiangxin, and this is my review notes
Today's Market:
Hong Kong stock market indices generally fell, with the Hang Seng Index down 0.53%, the HSCEI down 0.79%, and the Hang Seng TECH Index down 1.24%.
A-share market indices were mixed, with the BSE 50 up 1.42%, the STAR 50 up 0.89%, the Shanghai Composite up 0.07%, the Shenzhen Component down 0.07%, and the ChiNext down 0.09%.
U.S. stock market indices were mixed, with the Dow Jones up 0.32%, the S&P 500 flat, and the Nasdaq down 0.11%.
Tech stocks declined, with NetEase-S up 1.41%, Xiaomi Group-W up 0.54%, Weibo-SW up 0.42%, JD Group-SW up 0.29%, Baidu-S down 0.18%, Tencent Holdings down 0.78%, Meituan-W down 1.20%, Bilibili-W down 1.27%, SenseTime down 1.90%, and Kuaishou-W down over 12%.
Property stocks generally fell, with Yuexiu Property up 0.17%, China Overseas Land down 1.16%, China Resources Land down 1.26%, Longfor Group down 1.41%, China Overseas Grand Oceans Group down 1.57%, Midea Real Estate down 1.61%, China Jinmao down 1.82%, Greentown China down 1.98%, Seazen Development down 2.00%, China Vanke down 2.60%, C&D International Group down 3.14%, Agile Group down 3.66%, Logan Group down 3.85%, CIFI Holdings down 4.55%, Sino-Ocean Group down nearly 6%, Shimao Group down nearly 7%, Sunac China down nearly 9%, Guangzhou R&F Properties down nearly 9%, and Radiance Holdings down over 11%.
Securities stocks declined, with Guotai Junan up 1.37%, Haitong Securities up 1.30%, Everbright Securities up 1.03%, Guolian Securities up 0.23%, Orient Securities flat, Guotai Junan International flat, Huatai Securities down 0.30%, China Securities down 0.37%, CICC down 0.56%, Shenwan Hongyuan down 0.78%, China Galaxy down 0.93%, GF Securities down 1.06%, China Merchants Securities down 1.20%, and Central China Securities down 2.21%.
Auto stocks generally fell, with BAIC Motor up 3.42%, Geely Auto up 0.90%, GAC Group up 0.30%, BYD down 0.23%, Leapmotor down 0.50%, Nio-SW down 0.55%, Great Wall Motor down 1.22%, Brilliance China down 1.36%, Li Auto-W down 1.55%, Yadea Group down 4.79%, and XPeng-W down nearly 6%.
Apple concept stocks declined, with BYD Electronic up 4.96%, Q Technology up 4.00%, AAC Technologies up 0.79%, VSTECS down 0.40%, Sunny Optical down 0.70%, Cowell E down 1.03%, and FIH Mobile down 1.05%.
Tesla concept stocks generally fell, with Minth Group down 0.43%, Ganfeng Lithium down 2.13%, and LK Technology down 3.54%.
Semiconductor stocks generally fell, with Hua Hong Semiconductor up 4.02%, SMIC down 0.19%, ASMPT down 1.06%, and Shanghai Fudan down 1.87%.
Jiangxin's Review:
The Hang Seng Index quarterly results will be announced tomorrow—don’t forget, there might be a small opportunity.
Leaderboard Commentary:
2443 Autostreets is nearing a dangerous moment. 2443, 9676 October Fields, 2498 RoboSense, and 6181 Lao Feng Xiang Gold—these four are all newly listed stocks and have been added to the Hong Kong Stock Connect. It’s likely the work of one or two groups.
3896 Kingsoft Cloud keeps looking higher. I’ve been hesitating to place an order these past two days but encountered a bug, so I’ve held off for now.
9992 Pop Mart hit a 52-week high—impressive! Even the share placement couldn’t stop the rally.
1024 Kuaishou released earnings today and plunged 10%. Kuaishou’s peak price was over 490—those were truly the glory days.
1440 Yingxing Holdings—will the SFC issue a concentrated shareholding warning? Some funds have already started selling these past two days.
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