Hong Kong stocks open higher and finish lower: HSI slightly down 0.49%, HSBC rebounds 1%, Cheung Kong rebounds around 2% By Investing.com

Investing.com – On Thursday (29th), Hong Kong stocks opened higher and ended lower, with the Hang Seng Index down 0.49% and the Hang Seng Technology Index down 0.78%. The turnover decreased slightly. The turnover of the Hang Seng Index was 91.684 billion today, compared to 108.752 billion in the previous trading day. Meanwhile, southbound trading was suspended due to the approaching National Day holiday.

Mainland real estate stocks continued to plunge, with CIFI Holdings Group (HK: ) down 16.28%, Country Garden (HK: ) down 11.64%, New Town Development (HK: ) down 11.22%, and Longfor Group (HK 🙂 down 7.51 %.

Most tech stocks fell, with Mingyuan Cloud (HK: ) down 15.37%, SenseTime (HK: ) down 8.09%, and Lenovo Group (HK: ) down 7.12%. Meanwhile, Meituan (HK: ) rose 0.83%, Tencent Holdings (HK: ) (OTC: ) fell 1.24% and Alibaba (HK: ) (NYSE: ) rose 2.88%.

However, HSBC Holdings (HK: ) and Standard Chartered Group (HK: ) pared losses, rising 1.00% and 0.32% respectively, while Cheung Kong (HK: ) also rebounded 1.83%.

In addition, Wanwuyun (HK: ) fell 6.79% on its first day of listing, and mainland electric vehicle maker Leap Motor (HK: ) plunged 33.54% on its first day of listing.

As the market closes:

• It fell by 0.49% to 17165.87 points;
• it fell 0.43% to 17172.0 points;
• it fell 1.24% to 3482.52 points;
• It fell 0.78% to 5,912.25 points.

[Daw’r erthygl hon gan Yingwei Caiqing Investing.com, i ddarllen mwy, mewngofnodwch i cn.investing.com neu lawrlwythwch Ap Yingwei Caiqing]

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Editor: Liu Chuan