[올댓차이나] Hong Kong Stock Exchange, New York Stock Exchange Weakness, H Shares Down 0.95% :: Sympathy Media Newsis ::

[서울=뉴시스]Reporter Lee Jae-jun = The Hong Kong stock market opened sharply lower on the 29th as selling pressure flowed into a wide range of stocks following the previous day’s weakness in the New York stock market.

The Hang Seng Index opened trading at 17,614.41, down 78.04 points, or 0.44%, from the previous day.

The H-share index, which focuses on Chinese companies listed on the Hong Kong Stock Exchange, opened at 6,191.29, down 34.70 points, or 0.56%, from the previous day.

Chinese internet and auto stocks with the highest market capitalization are suffering losses.

Smartphone consignment manufacturer BYD Electronics and clothing stock Shenzhou International are down more than 12%, while electric vehicle stocks Li Xiang, Weilai, and Xiaopeng are down more than 7%.

Mineral water company Nungfu Shanquan, solar panel company Xinyi Guangneng, and electric car company BYD are also plummeting due to poor performance.

Gaming stocks Wang Yi, smartphone stock Xiaomi, search stock Baidu, e-commerce stocks JD.com, Alibaba, optical components stock Sunyu Optics, computer stock Lianxiang Group, semiconductor stock CITIC International, travel booking site Trip.com, Tencent, the largest Chinese internet service stock by market capitalization, real estate stocks Huarun Qizhi, China Overseas Development, Hang Rong Ji Mountain, Longhu Group, New World Development, Macau casino stocks Jinsha China, Renhe Entertainment, gas stocks Xin’ao Energy, coal stocks China Shenhua, China National Petroleum Corporation, China Petrochemical Corporation, and gold mine Zijin Mining are also falling.

Pharmaceutical stocks Yao Ming Bio, Yao Ming Kangde, Hansen Pharmaceutical, China Biopharmaceutical, Jingdong Health, Ali Health, Geely, auto dealer Zhongcheng HD, glass stock Xinyibo, sporting goods stocks Li Ning, Anta Sports, beer stock Baiwei, home appliance stocks Haierzhijia, Bank of China, China Construction Bank, China Merchants Bank, Industrial and Commercial Bank of China, and Ping An Insurance are all showing weakness.

Meanwhile, lifestyle website Meituan Dianping, which announced its quarterly results the day before, is also rising by more than 7%, and dairy product company Mengniu Dairy is also rising by more than 4%.

Hotpot brewery Haidilao, meat restaurant Wanzhou International, China Run Beer, power tool stocks Chuanke Industrial, China Insurance, pharmaceutical stocks Sinopharm and Shiyao Group, power stocks Dianeng Industrial, Hong Kong property stocks Cheng Kung Ki Ge, Ling Zhan, and Sun Hong Kai Zhishan are also moving steadily.

The Hang Seng Index was down 111.99 points, or 0.63%, at 17,580.46 at 10:43 a.m. (11:43 Korean time).

The H-share index was trading at 6,166.88, down 59.11 points, or 0.95%, at 10:44 a.m.

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