Hong Kong Stock Market Midday Review: Hang Seng Index fell by 0.99%, automotive stocks retraced

Jinshi Data reported on October 24th that the overnight US bond yields continued to rise, with US stocks falling across the board. The China Golden Dragon Index fell by 1.2%, while the Hang Seng Index opened lower by 184 points at 20,576 points. The decline narrowed to around 100 points at one point, but the market then turned sharply downwards, falling by a maximum of 287 points to a low of 20,472 points. By the close, the Hang Seng Index fell by 0.99% in the morning session, while the Technology Index fell by 1.78%. The turnover of the Hang Seng Index reached HKD 95.14 billion.

On the market, agricultural products, new shares, and telecommunications equipment stocks strengthened, coal stocks rebounded, and toy stocks rose for three consecutive days. Mainland education, automotive, and property management stocks declined, while consumer electronics and nuclear power stocks retreated for two consecutive days.

In terms of individual stocks, Dongfang Selection (01797.HK), Kingdee International (00268.HK), and China SCE Group Holdings (00881.HK) all fell by more than 5%. Chow Tai Fook (01929.HK), CR Vanguard Living (01209.HK), China Resources Land (01109.HK), and Geely Automobile (00175.HK) all fell by more than 4%, while China Resources Power (02688.HK) and Trip.com Group (09961.HK) rose by more than 1%