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2021-07-08

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Hong Kong stocks hit 6-month low as tech tumbles on persistent regulatory fears

* HK->Shanghai Connect daily quota used -0.8%, Shanghai->HK daily quota used -1.2% * HSI -2.9%, HSCE

Hong Kong stocks hit 6-month low as tech tumbles on persistent regulatory fears

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":149510427,"tweetId":"149510427","gmtCreate":1625734907669,"gmtModify":1633937884680,"author":{"id":3585895733058794,"idStr":"3585895733058794","authorId":3585895733058794,"authorIdStr":"3585895733058794","name":"RP_08","avatar":"https://static.tigerbbs.com/71ea548dab4b31bd7157dc5b677644f1","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Okay&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Okay&nbsp;</p></body></html>","text":"Okay","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/149510427","repostId":2149345077,"repostType":4,"repost":{"id":"2149345077","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1625734097,"share":"https://ttm.financial/m/news/2149345077?lang=&edition=full","pubTime":"2021-07-08 16:48","market":"hk","language":"en","title":"Hong Kong stocks hit 6-month low as tech tumbles on persistent regulatory fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2149345077","media":"Reuters","summary":"* HK->Shanghai Connect daily quota used -0.8%, Shanghai->HK daily quota used -1.2%\n* HSI -2.9%, HSCE","content":"<p>* HK-&gt;Shanghai Connect daily quota used -0.8%, Shanghai-&gt;HK daily quota used -1.2%</p>\n<p>* HSI -2.9%, HSCE -3.2%, CSI300 -1.0%</p>\n<p>* FTSE China A50 -1.8%,&nbsp;</p>\n<p>July 8 (Reuters) - Hong Kong stocks slumped on Thursday to a six-month low, as tech firms tumbled amid persistent regulatory worries.</p>\n<p>** The Hang Seng index fell 2.9%, to 27,153.13, lowest since Jan. 4, while the China Enterprises Index lost 3.2%, to 9,822.56 points.</p>\n<p>** Falling the most, the Hang Seng tech index tumbled 3.7% to its lowest since Oct. 7, posting its seventh straight day of losses.</p>\n<p>** Bilibili Inc , Meituan , Baidu Inc&nbsp;and JD.Com Inc&nbsp;retreated between 3.6% and 7.3%.</p>\n<p>** Tencent&nbsp;and Alibaba&nbsp;sank 3.7% and 4.1%, respectively.</p>\n<p>** China's market regulator said on Wednesday it had fined a number of internet companies including Didi Chuxing , Tencent and Alibaba for failing to report earlier merger and acquisition deals for approval, according to a statement on the website of the State Administration of Market Regulation <a href=\"https://laohu8.com/S/SAMR.SI\">$(SAMR.SI)$</a>.</p>\n<p>** Amid persistent regulatory worries, Linus Yip, chief strategist at First Shanghai Securities said，\"those leading tech 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stocks hit 6-month low as tech tumbles on persistent regulatory fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-08 16:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* HK-&gt;Shanghai Connect daily quota used -0.8%, Shanghai-&gt;HK daily quota used -1.2%</p>\n<p>* HSI -2.9%, HSCE -3.2%, CSI300 -1.0%</p>\n<p>* FTSE China A50 -1.8%,&nbsp;</p>\n<p>July 8 (Reuters) - Hong Kong stocks slumped on Thursday to a six-month low, as tech firms tumbled amid persistent regulatory worries.</p>\n<p>** The Hang Seng index fell 2.9%, to 27,153.13, lowest since Jan. 4, while the China Enterprises Index lost 3.2%, to 9,822.56 points.</p>\n<p>** Falling the most, the Hang Seng tech index tumbled 3.7% to its lowest since Oct. 7, posting its seventh straight day of losses.</p>\n<p>** Bilibili Inc , Meituan , Baidu Inc&nbsp;and JD.Com Inc&nbsp;retreated between 3.6% and 7.3%.</p>\n<p>** Tencent&nbsp;and Alibaba&nbsp;sank 3.7% and 4.1%, respectively.</p>\n<p>** China's market regulator said on Wednesday it had fined a number of internet companies including Didi Chuxing , Tencent and Alibaba for failing to report earlier merger and acquisition deals for approval, according to a statement on the website of the State Administration of Market Regulation <a href=\"https://laohu8.com/S/SAMR.SI\">$(SAMR.SI)$</a>.</p>\n<p>** Amid persistent regulatory worries, Linus Yip, chief strategist at First Shanghai Securities said，\"those leading tech companies are still in the process of seeking a bottom.\"</p>\n<p>** He added a decreasing U.S. ten-year yield since June also dampen the appeal of traditional cyclical firms, making investors more reluctant to rotate when there was a slump in new economy stocks.</p>\n<p>** On the other hand, Beijing's surprise hint at monetary easing raised worries over the health of China's economy.</p>\n<p>** China will use timely cuts in the bank reserve requirement ratio <a href=\"https://laohu8.com/S/RRR\">$(RRR)$</a> to support the real economy, especially small firms, the cabinet said on Wednesday.</p>\n<p>** \"We expect this policy action may yield negative sentiment among investors who may infer that the authority may be concerned about a weaker-than-expected economic recovery, implying potentially higher credit risks ahead,\" CITI analysts Judy Zhang and Julia Cheung said in a report.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149345077","content_text":"* HK->Shanghai Connect daily quota used -0.8%, Shanghai->HK daily quota used -1.2%\n* HSI -2.9%, HSCE -3.2%, CSI300 -1.0%\n* FTSE China A50 -1.8%, \nJuly 8 (Reuters) - Hong Kong stocks slumped on Thursday to a six-month low, as tech firms tumbled amid persistent regulatory worries.\n** The Hang Seng index fell 2.9%, to 27,153.13, lowest since Jan. 4, while the China Enterprises Index lost 3.2%, to 9,822.56 points.\n** Falling the most, the Hang Seng tech index tumbled 3.7% to its lowest since Oct. 7, posting its seventh straight day of losses.\n** Bilibili Inc , Meituan , Baidu Inc and JD.Com Inc retreated between 3.6% and 7.3%.\n** Tencent and Alibaba sank 3.7% and 4.1%, respectively.\n** China's market regulator said on Wednesday it had fined a number of internet companies including Didi Chuxing , Tencent and Alibaba for failing to report earlier merger and acquisition deals for approval, according to a statement on the website of the State Administration of Market Regulation $(SAMR.SI)$.\n** Amid persistent regulatory worries, Linus Yip, chief strategist at First Shanghai Securities said，\"those leading tech companies are still in the process of seeking a bottom.\"\n** He added a decreasing U.S. ten-year yield since June also dampen the appeal of traditional cyclical firms, making investors more reluctant to rotate when there was a slump in new economy stocks.\n** On the other hand, Beijing's surprise hint at monetary easing raised worries over the health of China's economy.\n** China will use timely cuts in the bank reserve requirement ratio $(RRR)$ to support the real economy, especially small firms, the cabinet said on Wednesday.\n** \"We expect this policy action may yield negative sentiment among investors who may infer that the authority may be concerned about a weaker-than-expected economic recovery, implying potentially higher credit risks ahead,\" CITI analysts Judy Zhang and Julia Cheung said in a 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