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Afternoon comment on Hong Kong stocks: the Hang Seng Index rose 0.11%. Domestic housing stocks and property management stocks rose more than 9% in country Garden.
格隆匯 08-16 12:07
Gelong Exchange continued to rise overnight. China Jinlong Index rose for four consecutive days. The three major indexes of Hong Kong stocks collectively closed higher. The Hang Seng Index rose 0.11% to 20063 points. The Hang Seng Science and Technology Index rose 0.08% to 4312 points, and the National Index rose 0.29%. A half-day net inflow of southbound funds went against the trend of HK $706 million, with a turnover of HK $41.2 billion in the big market. On the market, large technology stocks are strong, JD.com and NetEase are up 2%, Baidu is up 1%, Meituan and Kuaishou are up. According to the news, the state-owned credit agency provided full guarantee to help it issue bonds. Property management stocks and inner housing stocks soared hand in hand. Country Garden Service rose 16% and country Garden rose 9%. The traditional peak season will be driven by the sharp rise in inner housing stocks, and building materials cement stocks will strengthen. China Resources cement rose 2.5%; Sichuan launched three-level protection power supply regulation and control measures, power stocks rose higher, China Power International Power rose 5%. Biotech stocks, logistics stocks, port shipping stocks, rent collection stocks and other stocks strengthened. On the other hand, US oil fell nearly 6% to 90 US dollars, while oil stocks continued to fall; pork concepts, catering stocks, tobacco concept stocks, beer stocks, and education stocks strengthened; and Tiger Media plunged nearly 70%.

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