The Hong Kong stock market opened lower on the 8th as selling of technology stocks was preceded by a rise in long-term interest rates in the U.S. The Hang Seng Index started trading at 21,667.53, down 141.45 points and 0.64 percent from the previous day.
Concerns over a slowdown in China’s economy caused by the spread of COVID-19 are also putting pressure on the market.
The H-share index, centered on Chinese business owners listed in Hong Kong, started at 7433.49, 62.05 points behind the previous day.
Double-listed technology stocks in the U.S. have remained weak. Baidu, China’s search engine, is 2.33%, Billy Billy, 6.79%, Wang Wang, Game, 3.26%, Jingdong Dotcom, an e-commerce, 3.14%, Alibaba, Tungshun HD, the largest Chinese Internet service, and Xiaomi, 3.13%.
Sports equipment stock Li Ning is 5.43%; hit sports is 4.77%; Yuri Shinibori 2.54%; clothing stock Shenzhou International 2.11%; Huo Guo Haidirao 1.98%, bottled water Nung Fu Shan Quan 1.31%, sound parts stock Luizheng 2.92%, Macau Casino China 2.42%, Chinese pharmaceutical Suyao group 0.91%, and Ohming 1.46%.
Villadi, an electric vehicle, is down 1.36%; Geography HD, an automobile, 1.02% at Hong Kong trading stations; Zhongun Hong Kong 0.66%; Hanglong Jisan, a real estate company; and 0.52% at real estate management company.
On the other hand, the Lianxiang group of computer owners is up 3.26%, Shin Ao Energy 2.65%, China Marine Oil 2.47%, China Petroleum Corporation 1.02% and China Petroleum Natural Gas 0.49%.
Shanker Unemployment, an electric tool company, is also rising 1.61%, breast insurance 0.85%, China’s Pingan Insurance 0.70%, and subway company Hong Kong Railway 0.48%.
The Hang Seng Index fell 32.89 points to 21,7767.09 at 10:56 a.m. (11:56 Korean time).
The H-share index was trading at 7454.82 at 10:57 a.m., down 40.72 points and 0.54 percent.
