December 5, 2020

Hang Seng falls weighed down by China's foreign trade data

The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed with losses of 0.7% in its last session of the week, after China reported that its trade with the rest of the world fell in October due to the reduction of imports.

The selective yielded 196.09 points, reaching 27,651.14, but the weekly accumulated shows a rise of 2.03%.

In today's session, the index that measures the behavior of the titles of mainland China listed on the Hong Kong parquet, Hang Seng China Enterprises, yielded 0.49%.

All sub-indices ended in negative: Services (0.47%), Finance (0.64%), Commerce and Industry (0.7%) and Real Estate (1.08%).

In the latter sector, there was full red, and there were significant declines such as those of Henderson Land (2.59%) or New World Development (1.88%).

Very similar situation in the financial field, where only the operator of the Hong Kong Stock Exchange, HKEX, was saved, which rose 0.4%, after information appeared in international media that affirms that the Chinese giant of electronic commerce Alibaba , which is listed in New York, has resumed its plans to go public also in the British excolonia.

The rest of the sub-index values ​​closed down, such as China Construction Bank (1.37%) or the AIA insurance company (1.14%).

Mixed finals for Chinese public telecommunications and oil companies: China Mobile (0.08%) rose in the first group and China Unicom (2.04%) fell, and in the second, Cnooc (1.28%) and Sinopec ( 0.21%), while Petrochina yielded 0.5%.

Nor was it a good day for the main value per market price, the Tencent technology, which lost 1.92%.

The turnover of the session was 79,670 million Hong Kong dollars (10,180 million dollars, 9,213 million euros).

. (tagsToTranslate) Hang (t) Seng (t) ballasted (t) trade (t) China

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