Fundamentals are there. Juz ne_老虎社区_美港股上老虎

Netviper
2021-08-13

Fundamentals are there. Juz need to hold till the storm is over.

Hong Kong shares fall as tech stocks weigh; post weekly gain

Aug 13 (Reuters) - Hong Kong shares fell on Friday, as tech stocks weighed on the city's benchmark i

Hong Kong shares fall as tech stocks weigh; post weekly gain

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For the week, the HSI rose 0.8%, the HSCE was up 1.1%.\n** Chinese internet giant Alibaba fell 2.5%, after BlackRock Inc revealed on Wednesday it had sold nearly 90% of its holdings of Alibaba in the second quarter.\n** Hang Seng Tech Index closed lower 1.9%.\n** Peers Tencent declined 2.9%, Meituan was down 1.4%.\n** \"Rising regulatory and geopolitical risks are weighing on medium-term growth prospects, especially in segments targeted by national reform or security effort,\" Union Bancaire Privée wrote in a note.\n** China Mobile Ltd rose 3.1%, the biggest daily percentage gain since early March.\n** The Beijing-based mobile services provider on Thursday posted a 6% rise in H1 net profit and 13.8% growth in operating revenue.\n** China Unicom Hong Kong Ltd finished up 1.6%, China Telecom Corp Ltd gained 1.3%\n** SMIC slumped 3.9% after the Shanghai Stock Exchange said on Thursday it would remove the company from an index of eligible Shanghai stocks under the Shanghai-Hong Kong Stock Connect.\n** The stock has fallen 12.8% this week, on track for the biggest weekly percentage decline since mid-September, 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":302,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":53,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Hong Kong shares fall as tech stocks weigh; post weekly gain

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