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"half-day summary" Hang Seng Index fell 110 points. Internal housing stocks were weak and Xiaopeng speculated higher.
The market continues to wait and see U. S. inflation data and the Federal Reserve to discuss interest rates, the Dow rose 43 points, or 0.1%, on Friday, Hong Kong stocks softened in the morning. After opening 51 points higher, the Hang Seng Index made a U-turn and fell 110 points or 0.6% in half the day to 19279 points; the National Index fell 53 points or 0.8% to 6535 points; and the Hang Seng Technology Index fell 17:00 or 0.5% to 3916 points. Half-day turnover in the big market totaled 40.192 billion yuan, with a net inflow of 811 million yuan and 669 million yuan in half-day trading from Shanghai and Shenzhen to Hong Kong. In terms of technology stocks, Ali-SW (09988.HK) reduced its stake in Shangtang-W (00020.HK) 70 million shares, cashing out more than 150 million yuan, Ali fell 0.6% to 83.40 yuan, and Shangtang fell 0.9% to 2.16 yuan. India formally accused Xiaomi-W (01810.HK) of violating foreign exchange control laws. Xiaomi fell 2.6% to 10.56 yuan. Tencent (00700.HK) rose 0.2 per cent to 336.6 yuan, Meituan-W (03690.HK) and Baidu-SW (09888.HK) fell 0.9 per cent and 1 per cent, JD.com-SW (09618.HK) and bilibili-W (09626.HK) fell 1.8 per cent and 2.6 per cent, Oriental selection (01797.HK) fell 4.8 per cent, and Kuaishou-W (01024.HK) rose 0.9 per cent. Shipments of mobile phone lenses from 02382.HK, a mobile-related stock, rose 4.3 per cent year-on-year in May, while shares rose 0.4 per cent to Rmb77.8. 02018.HK and 02038.HK rose 2.7 per cent and 2.5 per cent respectively. Electric car stock Lai-SW (09866.HK) the starting price of new cars is reduced by 30, 000 yuan, and the stock price is up 4.2%. After the announcement of quarterly results, the stock was lowered by a number of brokerages. Peer Xiaopeng-W (09868.HK) rose 5.5% and 01211.HK (BYD) rose 1.3%. The RMB fell to 7.14 against the US dollar. Gao Sheng expected that the mainland property market would only see an L-shaped recovery in the next few years, and inner housing stocks were under pressure. 01813.HK and 03377.HK fell 7.6 per cent and 6.9 per cent, 02777.HK and 03383.HK fell 5 per cent and 4.9 per cent, and Dragon Lake (00960.HK), country Garden (02007.HK) and 02202.HK fell 2.3 per cent to 3.2 per cent. Total contract sales of 01109.HK rose 54.1% year-on-year in May, while shares fell 1.2% to 31.90 yuan. Domestic demand stocks weakened, with 00291.HK and 02331.HK down more than 2 per cent and 06862.HK down 3.6 per cent. Ninety-nine cents (09922.HK) fell 14.7%, and the company earlier announced a change of CFO. Pharmaceutical stocks 02269.HK, 02005.HK and 02186.HK each fell more than 3 per cent, while 06185.HK and 01801.HK fell 4.1 per cent and 6.2 per cent respectively. As for financial stocks, 00005.HK fell 0.1 per cent to Rmb59.95, 00388.HK fell 0.3 per cent to Rmb308 and 01299.HK rose 0.3 per cent to 81 yuan. 02628.HK 's original insurance premium income increased 5.1% year-on-year in the first five months, while its share price fell 2.7% to 13.18 yuan. Zhejiang Merchants Bank (02016.HK), which plans to raise about 12.9 billion yuan through a 10% offering, saw its shares fall 3.8 per cent. New York oil futures fell below $70 in Asian trading, while 00386.HK and 00883.HK fell more than 2 per cent.
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