PANews reported on December 9th that Hong Kong stocks closed lower today, with the Hang Seng Index falling 1.29% to 25434.23 points and the Hang Seng Tech Index falling 1.9% to 5554.68 points. Market turnover reached HK$210.236 billion. On the sector front, pharmaceutical stocks bucked the trend and rose, while non-ferrous metals led the decline. Commercial aerospace and elderly care concepts saw significant drops, while technology and consumer stocks were weak. In terms of individual stocks, Ascletis Pharma (01672.HK) rose 18%, Hon Hai Precision Industry (06088.HK) rose 11%, and Joinn Laboratories (06127.HK) rose 5.9%; while China Metallurgical Group (01618.HK) fell 21%, Luoyang Molybdenum (03993.HK), Jiangxi Copper (00358.HK), Hua Hong Semiconductor (01347.HK), Pop Mart (09992.HK), and Oriental Selection (01797.HK) fell more than 5%, and SMIC (00981.HK) fell more than 4%. Previously reported, Pop Mart shares fell 8.49% as the market worried about a slowdown in overseas sales .PANews reported on December 9th that Hong Kong stocks closed lower today, with the Hang Seng Index falling 1.29% to 25434.23 points and the Hang Seng Tech Index falling 1.9% to 5554.68 points. Market turnover reached HK$210.236 billion. On the sector front, pharmaceutical stocks bucked the trend and rose, while non-ferrous metals led the decline. Commercial aerospace and elderly care concepts saw significant drops, while technology and consumer stocks were weak. In terms of individual stocks, Ascletis Pharma (01672.HK) rose 18%, Hon Hai Precision Industry (06088.HK) rose 11%, and Joinn Laboratories (06127.HK) rose 5.9%; while China Metallurgical Group (01618.HK) fell 21%, Luoyang Molybdenum (03993.HK), Jiangxi Copper (00358.HK), Hua Hong Semiconductor (01347.HK), Pop Mart (09992.HK), and Oriental Selection (01797.HK) fell more than 5%, and SMIC (00981.HK) fell more than 4%. Previously reported, Pop Mart shares fell 8.49% as the market worried about a slowdown in overseas sales .
Hong Kong stocks closed with Pop Mart falling another 5%.
PANews reported on December 9th that Hong Kong stocks closed lower today, with the Hang Seng Index falling 1.29% to 25434.23 points and the Hang Seng Tech Index falling 1.9% to 5554.68 points. Market turnover reached HK$210.236 billion. On the sector front, pharmaceutical stocks bucked the trend and rose, while non-ferrous metals led the decline. Commercial aerospace and elderly care concepts saw significant drops, while technology and consumer stocks were weak.
In terms of individual stocks, Ascletis Pharma (01672.HK) rose 18%, Hon Hai Precision Industry (06088.HK) rose 11%, and Joinn Laboratories (06127.HK) rose 5.9%; while China Metallurgical Group (01618.HK) fell 21%, Luoyang Molybdenum (03993.HK), Jiangxi Copper (00358.HK), Hua Hong Semiconductor (01347.HK), Pop Mart (09992.HK), and Oriental Selection (01797.HK) fell more than 5%, and SMIC (00981.HK) fell more than 4%.
Previously reported, Pop Mart shares fell 8.49% as the market worried about a slowdown in overseas sales .
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