July 29, 2021

The Hong Kong Stock Exchange loses 3.5% in mid-session

The Hong Kong Stock Exchange was down 3.5% today in mid-session due to fear of the spread of COVID-19, as well as the collapse of the price of oil after the failure of the summit last Friday of OPEC and Russia to Agree on oil prices.

The Hang Seng benchmark index was left 916.12 points to stand at 25,230.55 units in the half-day break, while Hang Seng Enterprises, the benchmark that brings together the Chinese values ​​of the mainland, lost 3, 83%

All the sectors listed on the parquet presented losses, especially energy titles, with crashes for the CNOOC oil company, which fell 16.57%, for Petrochina, which was left 9.3% and for Sinopec, the largest Chinese refinery , which decreased 4.58%.

Insurers such as AIA or China Life also registered outstanding falls of 4.8% and 4.75%, respectively.

And financial institutions such as the HSBC conglomerate lost 2.76% in the middle of the session, and ICBC, the largest bank in China and the world by market capitalization, fell 2.99%.

On the other hand, the Shanghai Stock Exchange was left 2.41% in the middle of the session, and the Shenzhen Stock Exchange yielded 2.84%.


Source link