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
Consumption and Auto stocks rose to lift the market.
The Hong Kong market rebounded from Wednesday’s crash. Hang Seng index opened up 149 points, H share index up 62 points and technology index up 56 points. Alibaba rose 3.35% ...
Reset
Send
The window will close in 5 seconds
Consumption and Auto stocks rose to lift the market.
Analyst : Lun Sheung Nim (CEO, GEO Securities Limited)
2022/06/24 09:17
The Hong Kong market rebounded from Wednesday’s crash. Hang Seng index opened up 149 points, H share index up 62 points and technology index up 56 points. Alibaba rose 3.35% to lead the blue chips for 49-point gain. HSBC rose .09% for 15-point gain. Meituan rose 0.83% for 10-point gain. Xiaomi rose 2.58% for 8-point gain. A shares opened up 2 points. The market rose further after opening. Hang Seng index gained more than 200 points. Alibaba rose 4% for 58-point gain. HSBC rose 1.4% for 24-point gain. Tencent rose 1.7% for 16-point gain. BYD rose 2.4% for 11-point gain. AIA rose 0.63% for 10-point gain. Wuxi Biologics rose 3% for 14-point gain. Technology stocks led the rally. Netease rose 4.24% and Alibaba rose 4% to lead the blue chips. Consumption stocks rose. Budweiser rose 2.93%. Anta Sports rose 2.9%. Lining rose 2.5%. Nongfu Spring rose 2.1%. Auto stocks rose on Government stimulus. Geely rose 7%. BYD rose 4%. Li Auto rose 7%. XPeng rose 5.4%. Nio rose 3.25%. GAC rose 5.55%. Hang Seng index reached a high of 21389, up 281 points. Then the market retreated from morning high. Hang Seng index lost about 100 points. Heavyweights fell back. Shipping stocks fell sharply. OOIL lost 7.5% to lead the losers. Cosco Holding lost 4.3%. Pacific Basin lost 8.3%. A shares closed the morning up 19 points. Hang Seng index closed the morning up 200 points, H share index up 91 points and technology index up 64 points. Turnover was $59.3 billion.

The market rose further in the afternoon. Hang Seng index rose more than 300 points. News reported that the Ant Group received permission to establish a financial holding company. Alibaba rose 7.4% for 107-point gain. BYD rose 5.6% for 28-point gain. HSBC rose 1.1% for 19-point gain. Tencent rose 1.9% for 19-point gain. Ping An rose 2.52% for 16-point gain. AIA rose 0.95% for 15-point gain. Investors continued to punt on small cap stocks. China Tangshang rose as much as 8 time. I-Cable rose 1.2 times. The Government launched initiative to encourage consumption, to lift the economy. Auto shares rose further. Li Auto rose 11.3%. XPeng rose 11.1%. Nio rose 7.2%. Geely rose 8%. BYD rose 5.4%. GAC rose 7.3%. Consumption stocks rebounded. CR Beer rose 3.35%. Budweiser rose 3.35%. Li-ning rose 2.8%. Nongfu Spring rose 2.5%. Mainland developers rose. Longfor rose 3.94%. CR Land rose 3.7%. China Overseas Land rose 3.13%. Medical shares rose. NH Health rose 25%. CR Medical rose 15%. Akeso rose 8.8%. Zai Lab rose 7.5%. JD Health rose 6%. Ali Health rose 5.2%. A shares closed up 53 points. Hang Seng index reached a high of 21443, up 434 points, and closed up 265 points. H share index closed up 128 points and technology index up 103 points. Turnover was $114.3 billion.

Overnight, overseas markets were mixed. European markets fell. DAX lost 231 points. CAC lost 33 points and FTSE lost 68 points. US markets rose. Dow Jones rose 194 points. S & P rose 36 points and Nasdaq rose 179 points. Hong Kong ADR’s lost 42 points. Night future rose 45 points. We expect the market to rise 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.