Wallstreetcn
2023.06.06 08:56
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The Hang Seng Index rose and fell, rising more than 1% at one point during the day. The Hang Seng China Enterprises Index closed higher, with real estate stocks leading the way. SUNAC rose more than 10%.

Real estate, automotive, petrochemical, and media industries saw the highest increase, while semiconductor, software, and biopharmaceuticals saw the biggest decline. Li Auto rose more than 3.3%, while CLOUD MUSIC and JD.com rose more than 2%.

On June 6th, Hong Kong stocks opened slightly higher, and then the three major indexes rose. The morning increase once expanded by more than 1%.

At the end of the day, the Hang Seng Index and the Hang Seng Technology both fell, closing down 0.15% and 0.3% respectively. The state-owned enterprise index narrowed its gains and closed up 0.13%.

Li Auto rose more than 3.3%, NetEase and JD.com rose more than 2%, XPENG-W and NIO-SW rose more than 1%, HUA HONG SEMI, GDS-SW, and Weibo fell more than 3%, and Tencent and SENSETIME-W fell more than 2%.

On the market, real estate, automobiles, petrochemicals, and media led the gains, while semiconductors, software, and biopharmaceuticals led the declines.

Real estate leads the gains

Inner-city stocks hit another high today, with Times China Holdings, China Merchants Holdings, Tianyu Real Estate, and Sunac China all rising more than 10%, Longfor Group, Country Garden Services rising more than 7%, and Jiayuan International and Country Garden rising more than 6%.

Automobiles lead the gains

Leapmotor, Great Wall Motors rose more than 4%, Li Auto rose more than 3%, Xiaopeng, NIO-SW, and BYD rose more than 1%.

Energy and petrochemicals hit a high all day

Real Estate Soars

Oceanwide Holdings surged 10%, Longfor Group rose more than 7.6%, Longfor Properties, Country Garden Services rose more than 5%, Sunac China, Hopson Development Holdings, and Country Garden rose more than 4%.

Semiconductor Leads Decline

Apple concept stock Gowin Semiconductor fell more than 19%, Shanghai Fudan fell more than 5%, China Electronics Huada Technology, HUA HONG SEMI fell more than 3%.

Biopharmaceuticals Open Lower