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The Hong Kong stock market fell in the morning session, with the Hang Seng Index down 656 points or 2.4%, reporting at 26,730 points. The National Index fell 252 points or 2.7%, and the Hang Seng Tech Index dropped 210 points or 3.7%. The commodity market is volatile, with gold and silver prices continuing to decline, leading to a general drop in related stocks. Brent crude oil fell by more than 4%, with noticeable declines in PetroChina and CNOOC. Domestic property stocks and telecom stocks also experienced declines due to VAT adjustments, with the overall market turnover at HKD 178.124 billion
Uganda's finance ministry has revised its economic growth forecast for the upcoming financial year to between 6.5% and 7%, down from a previous estimate of 10.4%. The ministry did not provide a reason for this adjustment. The forecast was shared on the X platform, and the growth was initially expected to be bolstered by the commencement of oil production from western reserves, managed by TotalEnergies and CNOOC.
As of noon, the three major indices of the Hong Kong stock market have collectively adjusted, with the Hang Seng Index down 1.78% and the Hang Seng Tech Index down 1.79%. Mainstream sectors such as retail, internet, and gold have all declined, and market sentiment of wait-and-see continues to rise. Alibaba fell 2.71%, Tencent Holdings dropped 1.53%, and Zijin Mining plummeted 8.62%. Meanwhile, the private education stock China Spring rose sharply by 69.55%, and the leading company in the optical communication sector, Changfei Fiber Optic Cable, increased by 9.50%, showing significant divergence in hot spots. On the macro level, data remains stable, and investors are focused on domestic demand and policy dynamics
The main indices of the Hong Kong stock market fell simultaneously during the trading session, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index all experiencing significant corrections, and market sentiment remained weak. The gold sector led the decline sharply, while retailers and internet content-related sectors also weakened. Major weighted stocks such as Alibaba -W and Zijin Mining saw notable declines, with funds focusing on the adjustments of gold and tech leaders. Some individual stocks performed brightly, such as China Spring's dramatic surge, highlighting the rotation and differentiation of market hotspots. Recently, funds have maintained a high level of attention on macro liquidity, consumption, and the external environment, with clear market differentiation
Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy
$CNOOC(00883.HK) has performed well these days.