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The Hang Seng ends two days of intense rallies by falling a slight 0.41%

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Shanghai (China), March 18 (EFE).- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, today interrupted two days in a row of rallies by falling 0.41% while waiting for China to announce measures of Stimulus and the virtual summit between the country’s president, Xi Jinping, and his US counterpart, Joe Biden.

The selective index lost 88.83 points to 21,412.4, while the Hang Seng China Enterprises index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock exchange fell 0.56%.

Mixed sign among the subindices, with falls for Commerce and Industry (1.47%) and Services (0.86%) and advances for Finance (0.74%) and Real Estate (1.04%).

Among the most benefited in the session are the insurance company Ping An (+4.79%) and the casino operator in Macau Sands China (+4.23%).

On the other side of the coin, some of the companies that increased their prices the most in the last two days registered notable decreases today, with the technological solutions company Wuxi Biologics (5.39%) or the real estate management subsidiary of the promoter Country Garden, CG Services (5.03%), among the most affected.

It was also not a good session for the sportswear manufacturer Li Ning, which dropped 5.24% after US Customs announced that they would stop the entry into the country of goods from that company due to the alleged use of forced labor. of North Korea in its production chain.

The two digital giants in the park, Tencent and Alibaba, also gave up part of their gains, falling 2.31% and 3.58%, respectively.

The trading volume of the session is 236,680 million dollars in Hong Kong (30,269 million dollars, 27,353 million euros).

c) EFE Agency

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