Hong Kong stock market started sluggish trading on the 3rd. Due to a lack of new materials as China began its five-day Labor Day holiday.
The Hang Seng index opened at 28,659.91, down 64.97 points or 0.23 percent from the 30th of last month.
The H-share index, centered on Chinese business owners listed on the Hong Kong stock market, started trading at 10,805.09, down 20.16 points or 0.19% from the weekend.
Concerns that the global economic recovery will be delayed are also attracting sales. As the Covid-19 continues to rise in some emerging countries, including India and Brazil.
Xiaomi, a Chinese smartphone, is falling 1.02%. Meituan Dianping, a living site, 0.37% optical parts, 0.48% Chinese telecommunications, and 0.45% Chinese Liantong.
The UK’s largest bank HSBC is down 2.56%, China Ping An Insurance 1.53%. China HD 1.10%. While China Water Insurance 1.01%. China Silver Hong Kong 0.91%. China Business Bank 0.79%, Hang Seng Bank 0.79%, and Breast Insurance 0.76%.
China’s dairy company Meng New Dairy is also falling 2.52%, China Petroleum Research 1.41%, China Petroleum Corporation 1.03%, Macau Casino owner Heo Entertainment 1.10%, and China’s automakers HD 0.50%.
The real estate stock Kowloon Chang dental industry is down 1.12%, China Overseas Power 0.92%, Hwarun Chi 0.82%, Sunhong Kai Jisan 0.60%, and Shinsegae Power 0.49%.
On the other hand, Chinese pharmaceutical stocks and Chinese biopharmaceuticals are rising 0.36%, electricity stocks Zhongdian HD 0.33%, electric tools stocks Zhongqer Industries 0.07%, and clothing stocks Shenzhou International 0.06%.
The Hang Seng index expanded its fall to 28,312.41, down 412.47 points, at 10:06 a.m. (11:06 a.m. Korean time).
The H-share index also fell 132.97 points to 16,92.28 at 10:07 a.m., down 1.23 percent.