US STOCKS
FUNDS
FX & CRYPTO
SH/SZ-HK
HK STOCKS
 
 
 
 
 
 
News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
Local properties crashed to bring down the market.
The Hong Kong market opened sharply lower on Monday. Hang Seng index opened down 280 points, H share index down 112 points and technology index down 72 points. Financials and techn...
Reset
Send
The window will close in 5 seconds
Local properties crashed to bring down the market.
Analyst : Lun Sheung Nim (CEO, GEO Securities Limited)
2021/09/21 09:18
The Hong Kong market opened sharply lower on Monday. Hang Seng index opened down 280 points, H share index down 112 points and technology index down 72 points. Financials and technology stocks led the fall. Ping An lost 5.4% to top the losers for 36-point loss. Meituan lost 1.58% for 32-point loss. AIA lost 1.42% for 28-point loss. Tencent lost 1.13% for 22-point loss. CCB lost 1.8% for 21-point loss. The market fell further after opening, as local properties crashed on policy concern. Reuters revealed that the Chinese Government requested the developers to make contribution to China. Henderson Land lost 11%. SHK Property lost 9.2%. CK Assets lost 9.3%. New World lost 12%. Sino Land lost 8.4%. Financials fell further. AIA lost 6.5% for 127-point loss. Ping An lost 8.1% for 55-point loss. Meituan lost 4% for 53-point loss. Auto stocks fell sharply. Geely lost 6.8%. BUD lost 6.7%. Metal stocks also fell sharply. Steelmakers fell. Angang Steel lost 9.6%. Maanshan Iron lost 5.5%. Chongqing Iron lost 6.15%. Non-ferrous metals fell. Chalco lost 7%. Jiangxi Copper lost 3.3%. Luoyang Moly lost 8.13%. MMG lost 7.4%. Prudential rose 3.3% against the falling market. Hang Seng index fell to a low of 23872, down 1048 points. Hang Seng index closed the morning down 965 points, H share index down 377 points, and technology index down 245 points. Turnover was $80.5 billion.

The market recovered slightly in early afternoon. Hang Seng index still lost more than 800 points. Financials and technology stocks led the fall. Evergrande’s worsening financials forced down Mainland banks, insurers, developers and property management shares. AIA lost 4.8% for 95-point loss. Meituan lost 2.66% for 53-point loss. Ping An lost 6.79% for 45-point loss. CCB lost 4.2% for 51-point loss. CM Bank lost 5.1% for 53-point loss. Sunac lost 10.5%. Logan Group lost 9.5%. China Olympic lost 12%. CG Services lost 10.8%. A Living lost 10.9%. Local developers fell further. Henderson Land lo0st 13%. New World lost 11%, SHK Property lost 10.1%. CK Assets lost 8.7%. Swire Pacific lost 9.7%. It was rumoured that the Macau Government would grant 1-year extension to give one more year to discuss renewal conditions in detail. Macau gaming stocks stabilized. Sands rose 0.5%. Galaxy lost 0.87%. Covid in Fukien hurt sports shoes shares. Lining lost 8.4%. Xtep lost 7.1%. Certain biotech stocks rose against the market. Innovent rose 3.7%. BRII rose 6.1%. Hang Seng index closed down 821 points, H share index down 302 points, and technology index down 181 points. Turnover was $141.8 billion.

Overnight, overseas markets fell sharply. The Evergrande liquidity crisis affected overseas financial markets. DAX lost 358 points. CAC lost 114 points and FTSE lost 60 points. US markets crashed. Dow Jones lost 614 points. S & P lost 75 points and Nasdaq lost 330 points. Hong Kong ADR’s lost 324 points. Night future lost 198 points. We expect the market to fall sharply today.
 
SITEMAP
Email: support@aastocks.com
AASTOCKS.COM LIMITED (阿斯達克網絡信息有限公司) All rights reserved.
Disclaimer
You expressly agree that the use of this app/website is at your sole risk.

AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) will be liable to any Subscriber or any other party for any interruption, inaccuracy, error, or omission, regardless of cause, in the Information or for any damages (whether direct or indirect, consequential, punitive, or exemplary) resulting from its use by any party.

AASTOCKS.com Limited shall not be liable for any failure or delay in performance of its obligations under this Disclaimer because of circumstances beyond its reasonable control, including but without limitation, acts of God, typhoons, rainstorms, other natural disasters, government restrictions, strikes, wars, virus outbreak, network failures or telecommunications failures.

Morningstar Disclaimer: Copyright © 2020 Morningstar, Inc. All Rights Reserved. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness.

The information, financial market data, quotes, charts, statistics, exchange rate, news, research, analysis, buy and sell ratings, Education Center and other information on this app/website should be used as references only at your own discretion. Prior to the execution of a security trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. AASTOCKS.com Limited is not soliciting any subscriber or app/website visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this app/website are taken at your own risk for your own account.

AASTOCKS.com Limited provides the information and services on an "AS IS" basis. The information and contents on this app/website are subject to change without notice. AASTOCKS.com Limited reserves the right, in its sole discretion but without any obligation, to make improvements to, or correct any error or omissions in any portion of this app/website at any time.

The subscriber or app/website visitor agrees not to reproduce, retransmit, disseminate, distribute, broadcast, publish, circulate, sell or commercially exploit the information and contents on this app/website in any manner without the express written consent of AASTOCKS.com Limited.

Investment involves risk. You may make use of the Education Center of this website for academic reference purposes at your own discretion. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this app/website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or app/website visitor should not assume, that the future performance will equal past performance.

AASTOCKS.com Limited may point to other sites that may be of interest to the subscriber or app/website visitor but for which AASTOCKS.com Limited has no responsibility and only provides this as a service to the subscriber or app/website visitor.

AASTOCKS.com Limited does not represent or endorse the accuracy or reliability of any information, advertisements or contents contained on, distributed through, or linked, downloaded or accessed from any of the services on this app/website. AASTOCKS.com Limited cannot and does not guarantee the quality or reliability of any products or information purchased or obtained by you as a result of an advertisement or any other information displayed on this app/website.

AATV is a video platform owned by AASTOCKS.com Limited.

You acknowledge that: (i) AATV is provided for information purposes only and, in particular, is not intended for trading purposes; (ii) AATV does not and none of the information contained in its program constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services whether or not regarding the profitability or suitability of any security or investment; and (iii) AATV is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

The financial analysis or opinion expressed in the AATV programs is for reference and discussion only, and does not represent AASTOCKS.com Limited. Investors must make their own investment decisions based on their own investment objectives and financial situation. AASTOCKS.com Limited shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (i) inaccuracies or errors in or omissions from AATV including, but not limited to, quotes and financial data; (ii) delays, errors, or interruptions in the transmission or delivery of AATV; or (iii) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

AASTOCKS.com Limited reserves the right to change this Disclaimer at any time by posting changes online at this app/website. You are responsible for reviewing regularly information posted therein to obtain timely notice of such changes. Your continued use of this app / website after changes are posted constitutes your acceptance of this Agreement as modified by the posted changes.

The disclaimer herein shall be governed by the law of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") and you agree to submit to the exclusive jurisdiction of the Hong Kong courts.

In the event of any discrepancy between the Chinese and English versions, the English version shall prevail.

Last updated on 11 March 2020.