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Layout big chess in overseas market, Taobao launches the "Big Apparel Global Free Shipping Plan".
Recently, Taobao has launched a "Global Free Shipping Plan" for clothing.
Hang Seng Index fell by 306 points, Meituan dropped more than 5%, and resource and energy stocks were weak.
The USD/JPY exchange rate fell to the edge of 152, triggering a global stock market decline due to arbitrage trading and unwinding. As for the Hong Kong stock market, the Hang Seng Index opened low by 50 points and the decline expanded. It fell to 16,964 points after a drop of 346 points, and closed at 17,004 points, a decrease of 306 points or 1.8% for the whole day. The national index fell 125 points or 2.1%, closing at 6,016 points. The Hang Seng Tech Index fell 69 points or 2%, closing at 3,421 points. The total turnover of the market for the day was HKD 105.734 billion, with a net outflow of RMB 0.36 billion and 1.64 billion in the southbound trading under the Shanghai and Shenzhen-Hong Kong Stock Connect. The chip equipment manufacturer ASMPT (00522.HK) fell after its performance announcement yesterday.
Express News | Shanghai Consumer Protection Committee: Online car-hailing platforms have the obligation to ensure the authenticity and accuracy of billing.
Morningstar: It is expected that the average price of new houses will decrease by 3% annually this year.
Morningstar's real estate analyst Zhang Junfei stated that mainland housing prices still face challenges, and the recent domestic housing measures are expected to take several months to take effect. The bank favors state-run real estate companies such as China Overseas (00688.HK) and China Resources Land (01109). Zhang Junfei expects that the sales of new houses in 2024 will record a double-digit decline year-on-year, but considering the loose policies in some regions and the improvement of buyer sentiment, the prospects for the next few years are expected to improve. In the short term, given the continuous implementation of loose policies, demand may change in the second half of this year. Given the
Hang Seng Index fell below 17,000 in the afternoon, hitting a three-month low, while Meituan declined more than 6%. Local stocks outperformed Evergrande and reached a nearly two-year high in energy.
Dragged down by heavyweight technology stocks such as 'Amazing Seven Heroes', the three major stock indices in the US fell significantly on the night of the 24th; the VIX index, which reflects the market panic, surged 22.6%. Stimulated by the increase in global arbitrage trade liquidation, the yen continued to rise to a two-and-a-half-month high, rising 1% at its highest to 152.22 against the US dollar. Safe-haven sentiment has risen sharply, and major stock markets in the Asia-Pacific region fell across the board today (25th), with the Nikkei index closing down 1,285 points or 3.3%. Following the decline in the past two days, the Hong Kong stock market fell below the 17,000 mark in the afternoon, dropping 335 points at its lowest to a three-month low of 16,975, and is currently reporting 17,010, continuing its decline by 300.
Market Briefing: Three major indices opened low and fell, network technology and golden industrial concept stocks declined, Tencent fell more than 3%, zhaojin mining fell nearly 9%.
The Hang Seng Index fell 1.12%, the Hang Seng Technology Index fell 1.43%, and the Hang Seng China Enterprises Index fell 1.35%; the semiconductor sector fell, with HG Semiconductor falling nearly 6%; after Meitu's profit announcement, the company's stock rose nearly 9%.