Trading on the Hong Kong Stock Exchange Opened with a Decline in Stock Prices
Following this, bi-directional dynamics began to prevail when the indicator began to show weak fluctuations at the zero line. The main tone for trading is now set by corporate reporting, which companies publish based on the results of the 4th quarter of 2019. In addition, investors began to buy assets that had fallen significantly in previous days.
In the negative zone, shares of most financial, commodity and transport companies are traded. Gambling operators in Macau and developers came in plus. 3.16% rose in price the paper of the Chinese holding Sunac, which manages residential and commercial real estate in many cities of the country. He said that he expects profit growth of 50% over the past year.
A positive factor for the market was the news about the intention of several Chinese companies, including the textile industry, to resume production capacity after downtime due to an outbreak of coronavirus.