Hong Kong Stocks Little Changed; Property Stocks Diverge, Meitu and Kingdee Surge Over 6%
Market Pulse·
- On August 28, Hong Kong stocks fluctuated narrowly with the Hang Seng Index closing basically flat at 25584.79 points and a total market turnover of about 2300 billion HKD.
- Sector performance showed significant divergence, with real estate stocks split sharply, tech software firms generally strengthening, and energy shares posting widespread gains.
- Major highlights included Meitu and Kingdee rising over 6%, while real estate firms like Sunac surged more than 10% and Shimao dropped nearly 12%.
