Afternoon comments: Hong Kong stocks, Hang Seng Science and Technology Index fell 1.38%, and science and network stocks led the market down

Afternoon comments: Hong Kong stocks, Hang Seng Science and Technology Index fell 1.38%, and science and network stocks led the market down
12:01, May 23, 2024 Sina Hong Kong

On May 23, it was reported that the three major indexes of Hong Kong stocks fell together. As of the noon closing, Hang Seng Index Down 1.38% to 18930.02, Hang Seng Technology Index It fell 1.68%, and the state-owned enterprise index fell 1.45%. On the market side, Scinet led the market down, with NetEase down more than 5%, Alibaba down more than 3%, and Jingdong and Xiaomi down nearly 3%; The expectation of the Federal Reserve's interest rate cut weakened the gold price correction, Gold stocks fell collectively, Lingbao Gold Down by more than 4% The real estate trust sector fell collectively, leading the market down nearly 4%, and UBS sharply lowered its target price; Chinese securities companies generally fell, gf securities Down more than 4%; Property management, heavy infrastructure, pharmaceutical outsourcing and other sectors have weakened.

Gold stocks fell collectively, and Lingbao Gold fell more than 4%. On the news side, gold and silver prices fell sharply due to the hawkish wording of the minutes of the Federal Open Market Committee (FOMC) meeting, which hit the hope of interest rate reduction. After closing down 1.75% yesterday, London Gold continued to fall today, falling to US $2366.3 for the third consecutive day. After closing down 3.74% yesterday, Bank of London fell again today, falling more than 1% to US $30.23.

The real estate trust sector declined, Ledzhan fell nearly 4% On the news side, UBS published a research paper saying that the target price of the show leader was significantly lowered from HK $53.9 to HK $31.5, and the rating was immediately reduced from "buy" to "sell". The Bank also lowered its forecast for the distribution of each fund unit from the 2025 to 2027 fiscal years of Lingzhan by 14% to 31%. The bank predicted that the actual financing cost of Lingzhan would rise from the current 3.7% to 4% and 4.3% in the 2025 and 2026 fiscal years, because its 35% low-cost loan would mature within two years.

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Editor in charge: Zhang Qian

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