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Chinese investors’ pessimism with technology sinks the Hang Seng


Panel with the evolution of the Hong Kong Stock Exchange, in a file photograph. EFE / EPA / ALEX PLAVEVSKI

Shanghai (China), Nov 23 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with losses of 1.2% in a session marked, according to the local press, due to the withdrawal of Chinese investor positions on disappointing quarterly results from some major tech companies.
The selective lost 299.76 points to 24,651.58 integers, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises, fell 1.14%.
Mixed sign between the sub-indices, with Services (+0.33%) and Inmobiliria (+0.43%) rebounding due to the falls in Finance (-0.25%) and, above all, Commerce and Industry (-2.15%) %).
In the latter, which includes technology stocks, digital giants Tencent (2.67%), Alibaba (-2.99%) and Meituan (-3.14%) stumbled.
Even greater were the percentage drops of the electrical equipment manufacturer Techtronic Industries (-3.37%), the pharmaceutical technology company Wuxi Biologics (-4.16%) or the Alibaba health services subsidiary, Ali Health ( -4.27%).
Day to forget among some of the most prominent firms in the textile sector such as Anta Sports (-4.76%) or Li Ning (-5.42%).
In the financial area, the biggest drop was that of the trading floor operator itself, HKEX (-1.17%).
The session in real estate was very different, with important increases such as Country Garden (+2.51%) or CK Asset (+3.38%).
It was also a positive day for Chinese state stocks such as the oil company Sinopec (+0.83%) or the telephone operator China Unicom (+0.75%).
The trading volume for the session was HK $ 129,860 million (US $ 16,662 million, € 14,796 million).

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