The Hong Kong Stock Exchange Falls

Beijing, April 1  The benchmark Hang Seng index of the Hong Kong Stock Exchange fell 2.19% this Wednesday due to persistent concern about the global economic impact of the COVID-19 pandemic.

The selective fell 517.69 points to 23,085.79 points, while the index that measures the behavior of companies in mainland China that are listed on the Hong Kong parquet, the Hang Seng China Enterprises, lost 1.98%.

All the industries reaped setbacks, as shown by the drop in the Finance (2.91%), Services (0.67%), Real Estate (0.63%) and Commerce and Industry (1.83%) sub-indices.

Investors chose to remain cautious for the time being as outbreaks in the United States and Europe continue to fall short of their peak, raising concerns about the impact of a prolonged limitation on trade and activity.

Among the benchmark firms in Hong Kong, tech Tencent brought together the highest volume of operations and fell 1.53%.

It was followed by the HSBC bank, which plunged 9.51% after pressure from the British banking regulator so that together with other firms they would discard dividends and cash payments to managers due to the impact of the coronavirus pandemic on the industry.

The e-commerce conglomerate Alibaba (NYSE), another weighty value, managed to save the day with an advance of 0.33%.

The Construction Bank (HK: 0939 China Construction Bank
6,210-0,130 (-2.05%)
09:59:08 – Market closed
6,210
08:00
09:00
10:30
6,200
6,300
6,150
6,250

Among state securities, oil company Cnooc lost 1.23%, Petrochina (HK: 0857) 1.76% and Sinopec (NYSE: SHI), China’s largest refinery, 2.36%.

Telephone operator China Unicom (HK: 0762) fell 0.67% and its competitor China Mobile (HK: 0941) 1.04%.

Trading volume was Hong Kong $ 131.220 million (€ 16.926 billion. 475 million).

The Hong Kong Stock Exchange falls 2.19% due to concerns about the impact of COVID-19

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The Hong Kong Stock Exchange Falls - /10

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Beijing, April 1  The benchmark Hang Seng index of the Hong Kong Stock Exchange fell 2.19% this Wednesday due to persistent concern about the global economic impact of the COVID-19 pandemic.

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