On January 9, Hong Kong's three major stock indexes fell together. Hong Kong's Hang Seng Index fell 021% at 1619002 points, closed down for 6 consecutive trading days. The Hang Seng Tech Index fell 087% at 34545 points. The Hang Seng China Enterprises Index fell 057% at 544976 points. The market turnover is 819HK$0.8 billion. The net selling of southbound funds was 40HK$3.6 billion. 
Shipping stocks were weak, and OOIL International fell 720%, leading the decline in blue chips. Technology stocks were lower, with Meituan down 460%, JD.com Group fell 316%, the second and third largest declines among blue chips.
In terms of gains, Lenovo Group rose 453%, Zhongsheng Holdings rose 351%, Sinopharm Group rose 2005%, leading the blue chips. Pharmaceutical stocks performed strongly, and Akeso Biopharma rose 684%, minimally invasive brain science rose 682%, China Biopharma rose 214%。
On January 9, Lenovo Group brought more than 40 new AI-based devices and solutions to the 2024 International Consumer Electronics Show (CES 2024), which is known as the Spring Festival Gala of Science and Technology.
From the perspective of industry performance, the Hang Seng Industry Index was the most ** during the day, and the Healthcare Industry Index rose 168%, and the composite enterprise industry index rose 077%, and the consumer staples industry index rose 044%。In terms of declines, the information technology industry index fell 147%, the industrial index fell 093%, and the energy sector index fell 048%。
From the perspective of the disk, the wind concept sector was mixed, and the security monitoring index led the rise, with an increase of 861%。The auto dealer index rose 261%, and the unprofitable biotechnology index rose 234%, the lottery index fell 337%, today's headline index fell 274%, the port transportation index fell 271%。
The share price of the subsidiary Dada is close to "halved".dragged JD.com down more than 4% at one point
On January 9, JD.com Group fell 415%, and finally closed at 98 Hong Kong dollars, down 316%。Jingdong Group has fallen 10 in the past 5 days75%, down 1147%。
On January 8, the share price of Dada Group, which is listed on the U.S. stock market, closed at 1$705, **4587%, close to "halved".
On the evening of January 8, Jingdong Group announced that Dada, the company's consolidated subsidiary, announced that it had found some suspicious behaviors during its regular internal audit, which may raise questions about Dada's certain online marketing service revenue and operating support costs in the first three quarters of 2023. The Audit Committee of Dada's Board of Directors has decided to conduct an independent review, which will be conducted with the assistance of independent professional advisors.
A relevant person from Dada Group said that this incident was discovered by Dada on its own initiative during the audit, or because of the suspected fraud of individual people. "We have reported the case to the public security organs, and in addition, the matter does not involve Dada's core business, and the scope of impact is very limited."
According to the announcement of Dada Group, the preliminary assessment shows that the company's current estimate of about 500 million yuan of ** advertising and marketing service revenue and 500 million yuan of operating and support costs in the first three quarters of 2023 may be exaggerated. In addition, the Company's previously provided revenue guidance for the fourth quarter and full year 2023 should no longer be relied upon until further notice.
The situation in the Red Sea is now turning for the betterAt one point, OOIL fell more than 11%.
On January 9, OOCL International opened low and went low, falling 1140% and finally closed at 10830 Hong Kong dollars, down 720%, leading the decline of blue-chip and a number of shipping stocks. The main reason is that, according to foreign media reports, tensions in the Red Sea have taken a turn for the worse, and the first shipping companies have reached an agreement with the Houthis to allow passage in key waters. The news made the container transportation index (European line) open sharply lower, and the whole line fell to the limit.
In addition, a number of shipping stocks collectively **, SITC International fell 494%, Pacific Shipping fell 4354%, COSCO Shipping Holdings fell 267%, Sinotrans fell 265%, COSCO Shipping fell 125%。
On January 9, the container transportation index (European line) opened sharply lower, and the whole line fell to the limit. The main contract of the Kaiji Shipping Index (European Line) 2404 fell 20% to close at 17734 points.
According to the latest research report of GF**, the sharp fluctuations in the container shipping market on January 9 were mainly affected by the news on the evening of January 8 about the agreement between airlines and the Houthis. According to Danish **shippingwatch, the first shipping companies have reached an agreement with the Houthis to allow passage in key waters, and there is even news that the two sides have held a meeting, in which the Houthis demanded that the shipping companies must guarantee that they do not carry Israeli goods and do not stop at Israeli ports;But it is not the largest container shipping company that has reached an agreement with the Houthis to avoid attacks. Immediately after the news release, Maersk and Hapag-Lloyd denied opening any negotiations with Yemen's Houthis and signing any agreement. However, GF** said that the capital market is still trading relevant information, and the market is speculating whether airlines will sign reciprocal agreements with the Houthis in exchange for freedom of shipping.
According to wind information, the container shipping index (European route)** uses the Shanghai export container settlement freight index (European route) compiled and released by the Shanghai Aviation Exchange as the underlying index. The Shanghai Export Container Settlement Freight Index (European Route) represents the change in the settlement freight rate of the Shanghai export container spot shipping market, reflecting the average settlement freight rate of container ships on the Shanghai-Europe route in the spot market after departure. The departure port of the European route is Shanghai, and the destination port is Hamburg, Rotterdam, Antwerp, Flickstowe and Le Havre.
The Palestinian-Israeli conflict broke out in October 2023, and then the Yemeni Houthis gradually expanded their maritime strikes against Israel, and successively attacked a number of merchant ships (including container ships, product tankers, bulk carriers, ** ships, vehicle carriers, etc.), on December 18, 2023, the United States formed a maritime coalition for deterrence, and then Maersk resumed sailing, after another attack, as of January 5, 2024, Maersk decided that in the foreseeable future, all ships passing through the Red Sea Gulf of Aden will sail around the Cape of Good Hope.
According to Clarksons data, if you avoid the Red Sea and choose to detour, it will greatly increase the distance and number of sailing days, taking the Far East to Europe as an example, the number of sailing days around the Cape of Good Hope is about 36 days, which is about 8 days longer than the route time through the Suez Canal, and the distance is increased by about 29%.
Zheshang** believes that the container ship liner transportation mode is strongly affected by the Red Sea incident. According to Clarksons, the average tonnage of ships arriving in the Gulf of Aden from December 17 to 20 has fallen sharply since the Red Sea conflict, with the average tonnage of ships arriving in the Gulf of Aden falling by 43% from the tonnage level in the first half of December, of which the tonnage of container ships fell by 82%, and dry bulk ships and oil tankers fell by 21%.
Editor: Xiaomo Review: Muyu.