On the 15th, Hong Kong stocks fell sharply. The Hang Seng Index fell 5.72% to 1841508 in the afternoon, falling more than 1000 points during the day, the largest one-day decline since July 2015. Hang Seng China enterprise index and Hang Seng technology fell 6.58% and 8.10% respectively.
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Science and technology network stocks and Chinese concept stocks in Hong Kong fell sharply, and education, medicine and real estate sectors fell sharply; Tencent holdings fell more than 10% to HK $298.6 in late trading, falling below the HK $300 mark, with a turnover of more than HK $35 billion; China Evergrande fell more than 15%, a record low, and Alibaba fell nearly 12%.
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Science and technology network stocks fell sharply, with Yuewen group falling by more than 24%, Wanguo data falling by more than 20%, ideal car falling by nearly 18%, Alibaba falling by nearly 12%, Semiconductor Manufacturing International Corporation(688981) falling by more than 11%, Tencent holdings and JD group falling by more than 10% and meituan falling by nearly 6%.
When returning to Hong Kong, concept stocks fell sharply, with New Oriental falling more than 13%, Weilai falling nearly 13%, Alibaba and Ctrip group falling nearly 12%, baozun e-commerce and Huazhu group falling more than 11%, Xiaopeng automobile falling more than 10%, zaiding medicine and Netease falling nearly 8%, and Baidu group falling more than 8%.
Pharmaceutical stocks fell sharply, haijiya medical fell more than 30%, gushengtang fell more than 28%, Yonghe medical and Jinxin reproductive fell nearly 25%.
The real estate sector fell, with Baolong real estate down more than 21%, rongchuang China down more than 17%, Longhu group, Zhengrong real estate and China Evergrande down more than 15%, Vanke enterprise and country garden down nearly 11%, China Olympic Park down more than 10%, China overseas development down nearly 10%, Yuzhou group down nearly 8%, SOHO China down nearly 7%, Shimao Group and jiazhaoye group down more than 5%.
The property management sector declined, with rongchuang service down nearly 20%, Zhengrong service and Shimao service down more than 13%, country garden service down nearly 13%, jiazhaoye Meihao down nearly 11%, Aoyuan health down nearly 10%, and Evergrande property down nearly 6%.
Yang Delong, chief economist of Qianhai open source fund, said that the decline of zhonggai shares directly led to the sharp decline of Hang Seng technology index of Hong Kong stocks for two consecutive trading days. The Hang Seng technology index mainly includes some technology Internet companies, which actually suffered a 45% decline last year, and the Hang Seng technology index also fell by more than 40% last year. It can be said that there has been a further decline of more than 20% this year. From the perspective of bottom reading, these Internet companies have attracted some bottom reading funds, so there was a large rebound in the session. Of course, after the bottom reading, it may not rebound immediately, and it may still go to the bottom repeatedly.
Founder Securities Co.Ltd(601901) believes that the window period after the interest rate meeting in mid March is relatively long, which may be a favorable factor for the rebound of Hong Kong stocks. After the uncertainty, Hong Kong stocks will benefit from the stable growth policy of the mainland and are expected to rebound in the second quarter. Concerns about Hong Kong stocks should not be completely divorced from the development and value of listed companies, and Hong Kong stocks in the second quarter should be optimistic to a certain extent.
