The Hang Seng Index fell 1.24% at a low level, and technology and automobile stocks fell one after another

China Singapore Jingwei, January 24 (Xinhua) — on the 24th, Hong Kong stocks ran at a low level throughout the day. As of the close, the Hang Seng Index fell 1.24% to 24656.46; The Hang Seng SOE index fell 1.47% to 8658.11; The Hang Seng technology index fell 2.84% to 5703.63. Southbound funds bought HK $2.669 billion against the market, the 14th consecutive day of net buying.

On the disk, technology stocks were under collective pressure. BiliBili fell by more than 8%, Netease and Wanguo data fell by more than 7%, Alibaba fell by more than 6%, and JD group, baidu group and Xiaomi group went green one after another.

Auto stocks fell, Great Wall Motor Company Limited(601633) fell nearly 7%, Xiaopeng automobile fell more than 6%, ideal automobile fell nearly 4%, and Geely Automobile fell 3.5%. Pharmaceutical stocks were in the doldrums, with yimaitong down more than 11%, while Weiya biology, tengshengbo medicine and Deqi medicine fell nearly 10%.

In terms of individual stocks, Huabao international plunged 66.53% to HK $4.86 as of the closing quotation. On the news side, A-share Huabao Flavours & Fragrances Co.Ltd(300741) and Hong Kong stock Huabao International announced that they had recently received a case filing notice from Leiyang Supervision Commission, which decided to file an investigation into the violation of the law of Zhu linyao, the actual controller of the company. In terms of shareholding, Zhu linyao served as a director and controlling shareholder of Huabao international, with a shareholding ratio of 71%.

China Evergrande rose 3.91% to close at HK $1.86. It announced in Hong Kong on January 23 that from January 23, 2022, Sean was appointed as an executive director, Liang Linlin was appointed as a non-executive director, and Lai Lixin and Huang Xiangui resigned as executive directors; Liang Senlin is also the chairman of Cinda Hong Kong.

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