After the Hong Kong stock market rose by more than 30%from the lows in September, it recovered early on Thursday (October 3), and the Hang Seng Index and the Hang Seng Technology Index fell.
At around 10:30 am on Thursday, the Hang Seng Index fell 3.29%, the Hang Seng Technology Index fell 5.86%, and the Hang Seng China Enterprise Index also fell more than 3%, ending the 13 consecutive days of rise.
Hong Kong stocks in mainland China have also risen from the previous few days. The open line dived by more than 20%, of which Sunac China plummeted 21.74%, Shimao Group fell 22.78%, Xuhui Holding Group fell by 20.45%, and Xuhui Holdings Group fell 20.45%.R & F Real Estate fell 21.07%.
Among large technology stocks, Alibaba Port Stocks fell 6.17%, Tencent Holdings fell 1.83%, Jingdong Group fell 8.64%, and Xiaomi Group fell 1.04%.
Earlier, China officially launched a series of market rescue measures to drive mainland China and Hong Kong stocks soaring.After the first -tier cities such as Shanghai, Guangzhou, Shenzhen, and Beijing have relaxed the purchase restrictions on the property market, a number of mainland housing companies in Hong Kong stocks soared, and some of the stock prices of some housing enterprises that were trapped in bonds surged more than 200%.
Bloomberg reports that traders may consider the callback of Thursday as a flash in the pan, because there are signs that Chinese consumers' confidence has improved during the 11th National Day holiday, which has enhanced investors to rose up the trend.Faith that may continue.
However, Nomura economist wrote in a report: "Although investors may be intoxicated in the prosperity of the (stock market), they need to have a more sober evaluation." Beijing will definitely introduce a oneThe series of financial measures and other supporting policies, but the final scale and content of the fiscal plan may be quite temporary and uncertain.
