Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;

Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;

Futu NewsDec 20 16:23

Quick view of the Hong Kong market | All three major indexes fell, with the tech index dropping over 1%; tech stocks and Insurance stocks weakened, Bilibili fell more than 5%; FOSUN TOURISM resumed trading and rose by 80%.

Network Technology stocks fell broadly, JD-SW fell by 2.80%, MEITUAN-W fell by 2.79%; Digital Health stocks declined, ZA ONLINE fell by 1.85%, MediChina fell by 1.41%; Real Estate Developers' stocks also fell, SUNAC rose by 5.36%, SHK PPT fell by 2.55%;

Futu NewsDec 11 16:21

Hong Kong stock movement | YONGDA AUTO (03669) surged over 5% in the late trading session as the company accelerates its transformation into the New energy Fund business. Institutions claim that profitability is expected to improve significantly.

YONGDA AUTO (03669) rose over 5% in the last minutes, currently up 5.45%, priced at 2.32 HKD, with a trading volume of 22.6935 million HKD.

Zhitong FinanceDec 11 15:46

Cui Dongshu of the China Passenger Car Association: In October, the number of imported cars in mainland China fell by 45% year-on-year and 21% month-on-month.

The Secretary-General of the China Passenger Vehicle Market Information Joint Conference, Cui Dongshu, stated through his personal WeChat public account that in October 2024, the mainland import volume of passenger vehicles was 0.044 million vehicles, a year-on-year decrease of 45% and a month-on-month decrease of 21%, marking a rare significant decline. Cui Dongshu pointed out that since 2017, the import vehicle market has been continuously shrinking, decreasing from 1.24 million vehicles to 0.8 million vehicles this year. For the first ten months of this year, the cumulative import volume was 0.58 million vehicles, a 9% year-on-year decrease. This trend is closely related to the rise of domestic automobile brands and the accelerated localization of international brands in the mainland. Additionally, with the recent years, mainland consumers' preference for domestic products.

AASTOCKSNov 29 12:03

HK stocks fluctuate | Car dealers/auto retailers see larger afternoon decline, industry experiences widespread losses, UBS Group points out that the market has overvalued the Zhongsheng AITO stores.

The car dealers expanded their declines in the afternoon. As of the time of publication, meidong auto (01268) dropped 6.11% to 2.15 HKD; zhongsheng hldg (00881) fell 3.74% to 15.96 HKD; yongda auto (03669) decreased by 1.55% to 1.9 HKD.

Zhitong FinanceNov 26 14:25

Car dealers Ping Sheng Yongda Auto (03669) rose by 10.64%. Institutions expect car demand to continue to rise by the end of the year.

Jingwu Financial News | Car dealers have generally increased, yongda auto (03669) rose 10.64%, meidong auto (01268) increased by 5.13%, harmony auto (03836) rose by 2.82%, zhengtongauto (01728) increased by 2.5%, zhongsheng hldg (00881) rose by 2.31%. Senior economist Xu Changming from the National Information Center stated today at the 2024 Automotive Finance Industry Summit that the wholesale sales volume of domestic passenger vehicles is expected to be 23 million units this year, an increase of 2.7% year-on-year, with terminal sales expected to reach around 23.5 million units, a year-on-year increase of 6-7%, throughout the year.

Jingu Wealth NewsNov 21 14:52