(Original title: The Hang Seng Index of Hong Kong stocks fell by more than 500 points, but a single stock bucked the market and soared by more than 30%)
Financial Associated Press, October 10 (Editor Hu Jiarong)Today, Hong Kong stocks continued their recent decline, and the Hang Seng Index fell more than 500 points. In addition, Sun Entertainment Group rose sharply by more than 30% once morest the trend.
As of the close, the Hang Seng Index fell 2.95% to close at 523.39 points; the Technology Index fell 3.98% to close at 3398.88 points; the China Enterprises Index fell 3.19% to close at 5880.71 points.
Note: Hang Seng Index performance
The Hong Kong stock market continues to adjust the agency said that it still needs to wait for a clearer signal
Affected by the adjustment of the US stock market last Friday, the Hong Kong stock market fell collectively once more today. CICC Strategy recently pointed out that under the sluggish valuation of Hong Kong stocks and market sentiment, the emergence of some catalysts, even if it is only a sentiment recovery, is expected to promote a rapid rebound in the market. The index rose 6% in a single day.
But that time may not yet come, at least for now, the foundation is not very solid. Overseas, the “trouble” has not been completely eliminated. Domestically, policy support has increased. Therefore, CICC expects that the market may maintain a consolidation trend in the short term, waiting for a clearer signal.
Sun Entertainment Group strengthened once more and rose by more than 30%
And Sun Entertainment Group (08082.HK) also strengthened significantly. As of press time, it rose 33.33% to close at HK$0.04.
Note: Trend of Sun Entertainment Group
For the rise of Sun Entertainment Group, it is related to an announcement a few days ago. According to the announcement, Zhou Zhuohua, the controlling shareholder of the company, sold 731 million company shares from September 14, 2022 to September 23, 2022. At present, Zhou Zhuohua only holds 45.4743 million shares and no longer serves as the controlling shareholder of the company. Zhou Zhuohua was previously accused of a number of crimes, which caused the share price of Sun Entertainment Group to drop to HK$0.011.
market today
In today’s session, most stocks fell, with Apple concept, holiday concept, and semiconductor stocks leading the decline.
Apple’s concept continues to adjust iPhone 14 sales slump
Among Apple concept stocks, BYD Electronics (00285.HK), Cowell Electronics (01415.HK), and Sunny Optical Technology (02382.HK) fell 10.96%, 9.95%, and 6.33%, respectively.
Note: The performance of Apple concept stocks
In terms of news, according to a report released by the market research agency sell cell, the iPhone 14 series performed poorly in terms of value preservation. Among them, the iPhone 14 Plus had the highest depreciation rate, with a depreciation rate of 38.6%. In 2021, the depreciation rate of the iPhone 13 at launch is only 18.2%.
In addition, Musk said that Apple will be in a very deep trouble, due to supply chain blows, inflation and political factors, Apple’s new iPhone 14 sales this year are not smooth.
The holiday concept suffered a heavy setback, and the data was less than expected
In the holiday concept, Tongcheng Travel (00780.HK), China Lodging Group-S (01179.HK), and China Resources Beer (00291.HK) fell by 8.11%, 7.80% and 7.58% respectively.
Note: The performance of holiday stocks
According to the monitoring by the data center of the Ministry of Culture and Tourism, the proportion of tourists who chose to travel across provinces and cities within the province dropped by 14.4 and 9.5 percentage points respectively during the National Day holiday. The proportion of tourists visiting suburban parks, rural villages around cities, and urban parks ranks in the top three, accounting for 23.8%, 22.6% and 16.8% respectively.
According to the Ministry of Transport, the national road passenger transport is expected to send 210 million passengers during the National Day holiday in 2022, a decrease of regarding 30% compared with the same period in 2021 and a recovery to 34.43% compared with the same period in 2019. Down 37.34%.
Semiconductors are bad following another, Shanghai Fudan falls more than 20%
Among semiconductor stocks, Shanghai Fudan (01385.HK), Hua Hong Semiconductor (01347.HK) and ASM Pacific (00522.HK) fell 20.18%, 9.40% and 7.23% respectively.
Note: Performance of semiconductor stocks
In terms of news, since June, due to the sluggish global demand for consumer electronics, the upstream of the industry chain has faced great pressure, and the news of large orders or price reductions for mature processes around the world has been frequently reported, which has become a key topic of market discussion.
A number of chip manufacturers such as chip industry giants AMD, Samsung, and Micron have recently lowered their performance guidance and reduced capital expenditures. AMD announced preliminary financial results for the third quarter, expecting revenue of regarding $5.6 billion in the quarter, far short of the $6.7 billion previously expected by the company and the market; Samsung Electronics also saw a sharp decline in profits.
In addition, Hong Kong-listed semiconductor companies face continued pressure from overseas policies.
southbound funds
The net inflow of southbound funds was HK$395 million today.
Market stock news and changes
[COFCO Jiakang once rose by more than 8%, and pig prices continued to strengthen]
COFCO Jiakang (01610.HK) once rose 8.25%, but then the gains narrowed. As of the close, the company rose 2.91% to close at HK$2.12. During the National Day, the price of pigs continued to rise. The price of pigs in many places has now crossed the 13 yuan mark, and the national average price has risen by nearly 1.5 yuan/catties. The pig price has increased by more than 1.5 yuan/kg in 11 days, and the year-on-year increase has been close to 150%.
[Nai Xue’s tea rose by more than 3%, and sales showed a super-high growth during the National Day]
Nai Xue’s Tea (02150) rose 3.01% to end at HK$5.47. According to reports, during the National Day, Nai Xue’s tea stores in many places are now experiencing a super-high growth of over 400%, and individual stores have even increased by more than 500% compared with the pre-holiday period.
[Hua Medicine’s stock price fell over 20%]
Hua Medicine (02552.HK) fell 24.11% to close at HK$2.99. The company announced today that the world’s first innovative drug, glucokinase activator (GKA), Huatangning (dorzagliatin, HMS5552), has been approved by the State Drug Administration of China (NMPA) on October 8. NMPA) marketing approval. The news caused the company’s stock price to rise sharply, but soon following, the stock price entered a downward channel.
