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Steel
CP20020.HK
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Hong Kong stock market closing | The Hang Seng Index fell 1.72%, falling below 26,000 points, with the aluminum sector leading the decline as CHINAHONGQIAO dropped 5.88%, and leading tech stocks under pressure

The three major indices of the Hong Kong stock market fell collectively, with the Hang Seng Index, Technology Index, and National Enterprises Index all experiencing significant declines. There was a clear divergence among sectors, with the aluminum sector leading the decline and technology heavyweight stocks showing weak performance. Market sentiment is cautious, with evident signs of capital seeking safety. Some consumer stocks and targets favored by northbound funds remained active against the trend. Ongoing macroeconomic pressures continue to impact market performance. The following summarizes the core data and capital movements throughout the day

LB Select·
HK
02600
+2.13%
LB Select·
HK
02600
+2.13%

Hong Kong Stock Market Update | The Hang Seng Index fell 1.92%, with technology stocks and the aluminum sector declining. CHINAHONGQIAO dropped 6.69%, leading the decline among hot stocks

The three major indices of the Hong Kong stock market fell simultaneously during the trading session, with overall market sentiment being weak and significant differentiation among individual stocks. Major sectors such as aluminum and internet content and information are under notable pressure. Capital flows remain concentrated in certain leading stocks. Inflation and employment data are stable, and short-term market sentiment is cautious

Market Heartbeat·
HK
02600
+2.13%
Market Heartbeat·
HK
02600
+2.13%

Hong Kong stocks intraday | Three major indices fell together, the Hang Seng Index dropped 0.89%, hardware and aluminum sectors led the decline, Alibaba rose against the trend

During the trading session, major Hong Kong stock indices weakened across the board, with the hardware and aluminum sectors under pressure, and leading company China Hongqiao falling over 5%. Alibaba rose against the trend, attracting attention due to active trading. The market showed clear sector differentiation, with funds favoring technology and consumer leaders

Market Heartbeat·
HK
02600
+2.13%
Market Heartbeat·
HK
02600
+2.13%

UBS downgraded MAS C.L. to "Sell" with a focus on the business outlook for the fourth quarter

UBS downgraded MAS C.L. to "Sell," despite the company turning a profit in the first three quarters, with a net profit of RMB 84 million. UBS is concerned about the unfavorable business outlook for the fourth quarter due to early demand and winter sales restrictions, expecting the gross profit per ton of steel to drop to RMB 80. The target price has been raised to RMB 2.35, with the current price-to-book ratio at 0.8 times, higher than the five-year average

AASTOCKS·
SH
600808
-0.98%
HK
00323
0.00%
AASTOCKS·
SH
600808
-0.98%
HK
00323
0.00%

Chongqing Iron & Steel's President Steps Down

Chongqing Iron & Steel's President Steps Down

marketscreener·
SH
601005
-2.58%
HK
01053
0.00%
marketscreener·
SH
601005
-2.58%
HK
01053
0.00%
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