14th November 2024 - (Hong Kong) The Hong Kong Stock Exchange ( HKEX ) has reaffirmed that all trading platforms will maintain normal operations today, despite the issuance of Tropical Cyclone Warning Signal No. 8 at 11.10pm yesterday.
This marks the first trading day under the specter of a tropical cyclone, as the Hang Seng Index opened 197 points lower, a decrease of 0.99%, settling at 19,626 points. This decline extends the index's downward trend into its fifth consecutive trading day. The Mainland Enterprises Index fell by 84 points or 1.17%, closing at 7,046 points, while the Technology Index dropped by 67 points or 1.51%, ending at 4,388 points.
In the realm of large-cap tech stocks, notable declines were observed. Tencent saw a 0.5% decrease, Alibaba slipped by 1.5%, Meituan dropped by 2.5%, JD.com fell by 1.9%, Xiaomi Group experienced a 1.3% decline, and Kuaishou dropped by 1.5%.
The financial sector showed a softer performance, with HSBC Holdings sliding by 0.1%, Prudential Insurance down by 0.1%, China Ping An falling by 0.5%, and the Hong Kong Stock Exchange itself declining by 0.7%.
Amid the lingering Tropical Cyclone Warning Signal No. 8, the Hong Kong Stock Exchange has confirmed that adverse weather trading arrangements will remain in effect. The exchange's securities and derivatives markets, including the Shanghai-Hong Kong Stock Connect and post-closing trading sessions on Thursday (14th), will continue to operate normally.
Sumber : dimsumdaily.hk
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