Hong Kong stock market rebounded on the weekend of the 28th as the Nasdaq weak put pressure on investor sentiment and profit-setting sales were released.
The stock market closed its morning session on the same day with a black storm warning issued, but resumed trading in the afternoon session from 1:30 p.m. (GMT+8) as the storm warning was lifted.
The Hang Seng index traded at 29,282.32 at 1:36 p.m., down 5.90 points and 0.02 percent from the 25th.
The H-share index, centered on listed Chinese business owners in Hong Kong, fell 25.12 points, 0.23 percent, to 18,53.33 at 1:37 p.m. from the weekend.
Optical component share ranking optics fell 1.59%, Macau casino share 1.34% in China, Cheng Kung Construction 0.53%, electric power shares 0.52%, and gas shares 0.49%.
China’s oil industry is also down 0.48 percent, real estate giant Lingzan 0.32 percent, Shinsegae Power 0.24 percent, Kaolong Changxi Industrial 0.22 percent, meat processing Wanzhou International 0.29 percent, and China’s automobile giant HD 0.19 percent.
On the other hand, Meituan Dianping, a life site owner, jumped 4.76% by Tung Xun HD, the largest Chinese Internet service provider, Alibaba 2.57% by China’s largest e-commerce company, and Xiaomi 1.27% by China’s smartphone maker.
Electric tool stocks, Chanker Industrial Co., Ltd. are also rising 3.33%, Hong Kong Trading Center 3.05%, Chinese pharmaceutical company Yao Ming Biologics 2.52%, and Chinese telecommunications company China Mobile 2.48%.
The Hang Seng index fell 50.19 points to 29,238.03 at 1:52 p.m., down 0.17 percent.
The H-share index fell 40.33 points to 18,38.12 at 1:53 a.m., down 0.37 percent.
The Hong Kong Exchange announced at 8:20 a.m. that it would suspend morning trading between the stock market and the derivatives market as the Hong Kong Observatory issued a black storm warning.
The Hong Kong Trading Center said it would resume trading in the afternoon after the storm warning was lifted before noon at 11:45 a.m.