The Economic Information Daily reported on the 8th that the re-auction of $39 billion in 10-year U.S. Treasury bonds on Wednesday saw strong demand, with the bid-to-cover ratio rising to 2.77 times, the highest level in nearly 10 years. With ongoing risks in overseas bond markets, A-shares resumed trading today and so did Stock Connect, yet the Hang Seng Index immediately opened 98 points lower at 24,031, nearing the 24,000 level, with main board turnover of HK$3.072 billion. The Hang Seng China Enterprises Index stood at 8,063, down 18 points or 0.2%. The Hang Seng Tech Index stood at 4,183, down 10 points or 0.3%.
Continuing fallout from rumors of potential UK windfall tax hikes and job cuts pressured ADRs. HSBC (00005) opened 2.4% lower at HK$146.3, marking two consecutive days of decline with a cumulative drop of 4.25%. Standard Chartered (02888) fell 2.52% to HK$224.2, Bank of China Hong Kong (02388) declined 0.49% to HK$50.65, while AIA (01299) remained flat at HK$68.8.
Tech and internet stocks showed mixed performance: Baidu (09888) dropped 1.12% to HK$83.8, Alibaba (09988) fell 0.95% to HK$104.4, Tencent (00700) rose 0.33% to HK$422, Meituan (03690) remained unchanged at HK$70.15, Kuaishou (01024) gained 0.4% to HK$29.82, Xiaomi (01810) rose 0.58% to HK$24.08.
Longfor (00960) gained 1.14% to HK$5.33, while CATL (03750) rose 0.95% to HK$491.
Cambridge Industries (06166) announced a share placement and CB issuance, falling 2.01% to HK$112. Briareus Technologies (06082), issuing another placement just three months after its previous one, opened flat at HK$34.44. (ey)
Continuing fallout from rumors of potential UK windfall tax hikes and job cuts pressured ADRs. HSBC (00005) opened 2.4% lower at HK$146.3, marking two consecutive days of decline with a cumulative drop of 4.25%. Standard Chartered (02888) fell 2.52% to HK$224.2, Bank of China Hong Kong (02388) declined 0.49% to HK$50.65, while AIA (01299) remained flat at HK$68.8.
Tech and internet stocks showed mixed performance: Baidu (09888) dropped 1.12% to HK$83.8, Alibaba (09988) fell 0.95% to HK$104.4, Tencent (00700) rose 0.33% to HK$422, Meituan (03690) remained unchanged at HK$70.15, Kuaishou (01024) gained 0.4% to HK$29.82, Xiaomi (01810) rose 0.58% to HK$24.08.
Longfor (00960) gained 1.14% to HK$5.33, while CATL (03750) rose 0.95% to HK$491.
Cambridge Industries (06166) announced a share placement and CB issuance, falling 2.01% to HK$112. Briareus Technologies (06082), issuing another placement just three months after its previous one, opened flat at HK$34.44. (ey)