China News Agency, Hong Kong, April 25 (Reporter Wei Huadu) Hong Kong’s Hang Seng Index plunged 769.18 points, or 3.73%, on the 25th to close at 19,869.34 points, falling below the 20,000-point mark. Experts believe that this is because the market is worried that the Fed will accelerate the tightening of monetary policy.
On the same day, the three major Hong Kong stock indexes all fell. The Hang Seng Index fell 3.73% to a low of 19784.28 points, the lowest since the low of 18584.04 points on the 16th of last month; the China Enterprises Index fell 4.13% to 6684.73 points; the Hang Seng Technology Index fell 4.87% to 3806.19 points. As of the close, Hong Kong stocks rose 285 stocks today, fell 1753 stocks, and closed 828 stocks flat, with a market turnover of 134.837 billion Hong Kong dollars.
In terms of sectors, the constituent stocks of the Hang Seng Technology Index fell collectively, Kingdee International fell 8.63%, Baidu Group fell 7.02%, Kuaishou fell 6.75%, Xiaomi Group fell 6.02%, Bilibili fell 5.94%, Alibaba fell 5.54%, Ctrip Group It fell 4.95%, Jingdong Group fell 3.65%, Tencent Holdings fell 3.88%, and Meituan fell 1.98%.
Ye Shangzhi, chief strategist at Hong Kong First Shanghai Securities, said that the market is still worried regarding the Fed’s accelerated monetary tightening, and even US stocks fell. In terms of trend, the current dividing line between good and bad for the Hang Seng Index can further move down from 21,200 to 20,700. Before it fails to return to above 20,700, it cannot send a signal of stabilization. It should be noted that there is still a trend in the market outlook. The possibility of bottoming out.
Guo Sizhi, vice chairman of the Hong Kong Stock Analysts Association, said that the global stock market downturn will have a certain impact on the global economy, including investment and consumption, and this wave of shocks has damaged investor confidence. With the Federal Reserve raising interest rates in May, the decline is expected to continue for some time, he said. (Finish)Return to Sohu, see more
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