ATFX Hong Kong stocks: After the announcement of the budget, the momentum is insufficient, and the Hang Seng Index may adjust to the 16,000 mark.
ATFX Hong Kong stocks: Hong Kong stocks settled today, and the Hang Seng Index opened slightly higher this morning after closing 156 points back to 100 antennas yesterday. After the announcement of the "Fiscal Budget", the Hang Seng Index stopped falling and rebounded in the afternoon but quickly gave up, and the current trend is more repetitive. The Hang Seng Index fell 44 points to 16,745 points in the first half of the day, with a turnover of 570600 million yuan. The Tech Index fell less than 01% at 3,501 points.
In terms of technology stocks, NetEase (09999) opened 3The 8% gain then extended to more than 6%, the highest since the end of November 2023, making it the best performing blue-chip stock in the session, and 111 domestic online games were approved in February on the mainland, including NetEase's Operation Apocalypse.
Most of the other big tech stocks were lower, dragging the tech index down more than 1% in the afternoon. Tencent (00700) and Xiaomi (01810) fell more than 22%；Alibaba (09988) and Kuaishou (01024) both fell more than 1%; Meituan (03690) fell more than 3%.
Li Auto (02015) rose more than two percent after yesterday's results, and opened 2 higher this morning6%, a high of more than half a year. Geely (00175) opened 17%, the company's ZEEKR**001 was listed. NIO (09866) and Xpeng (09868) gave back, with Xpeng falling more than 4% in the afternoon.
Hong Kong announced the full withdrawal of the property market, abolishing the stamp duty on new residential buildings, the buyer's stamp duty and the special stamp duty. Hong Kong's local real estate stocks turned from falling to rising, with New World (00017) rising more than 9%; Henderson Land (00012) rose more than 7%; Xinzhi (00083) rose 31%；Cheung Kong (01113) liter 18%；SHKP (00016) rose more than 4%; Link REIT (00823) rose more than 4%.
Pharmaceutical stocks were partially good, and WuXi Biologics (02269) rose more than 3% against the market, reaching a high of 1982 yuan, WuXi AppTec (02359) rose 2%; BeiGene's (06160) share price continued to do well after its results, rising more than 8% to a high of 108$9.
Some real estate companies have received liquidation applications, and the pace of new home sales has not picked up as fast as in previous years, and domestic real estate stocks and property management stocks have fallen together. Country Garden (02007) received a winding-up petition, and its stock price opened 4After 2%, the decline extended to 6%. Country Garden Services (06098), the same line, also opened 22%。
The Hang Seng Index significantly increased its fall in the afternoon, and it was originally in the wait-and-see range, and the lack of momentum after the announcement of the budget triggered the recent range of takebacks, to see if the 10th ** to bear the pressure, otherwise it will open the momentum pointing to the 16,000 mark.