HSI Falls 253 pts; Financials WeakenHang Seng Index once tumbled up to 358 pts to 25,177 after opening down 134 pts this morning. The index last printed at 25,282, down 253 pts or 1%. Hang Seng China Enterprises Index fell 137 pts or 1.2% to 11,734. The market turnover amounted to $81.731 billion, less than $100 billion for five consecutive days.Hong Kong bourse traded with a narrowing turnover for consecutive days. HKEX (00388.HK) -6.200 (-2.715%)
Short selling $234.57M; Ratio 11.552%
once touched the session-low of $220 and closed down 2.7%. The local Tech shares generally headed south, dragged down by lower-than-expected results reported by Apple, IBM, and Yahoo. TENCENT (00700.HK) -2.100 (-1.341%)
Short selling $258.65M; Ratio 16.305%
dropped 1.3%. LENOVO GROUP (00992.HK) -0.240 (-2.589%)
Short selling $137.89M; Ratio 30.720%
also slid 2.6%. KINGSOFT (03888.HK) -0.850 (-3.712%)
Short selling $18.98M; Ratio 14.095%
and KINGDEE INT'L (00268.HK) -0.170 (-4.057%)
Short selling $15.03M; Ratio 10.702%
collapsed 3.7% and 4.1% respectively."Apple Concept" stocks were under pressure after iPhone sales missed estimates, with FIH (02038.HK) -0.180 (-3.982%)
Short selling $2.95M; Ratio 6.961%
, AAC TECH (02018.HK) -3.050 (-6.854%)
Short selling $118.09M; Ratio 48.585%
, COWELL (01415.HK) -0.530 (-7.840%)
and SUNNY OPTICAL (02382.HK) -0.620 (-3.429%)
Short selling $18.68M; Ratio 20.694%
down 4%, 6.9%, 7.8% and 3.4%, separately.Financials weakened as HSBC HOLDINGS (00005.HK) -0.700 (-0.988%)
Short selling $12.50M; Ratio 2.017%
receded 1% to $70.15 and AIA (01299.HK) -0.650 (-1.275%)
Short selling $56.02M; Ratio 6.166%
went down 1.3%. Chinese financials hit the soft spot across the broad. Four biggest banks declined by 0.8%-1.4%. PING AN (02318.HK) -0.700 (-0.719%)
Short selling $152.00M; Ratio 9.250%
and CHINA LIFE (02628.HK) -0.050 (-0.157%)
Short selling $159.48M; Ratio 15.066%
decreased 0.7% and 0.2% respectively. NCI (01336.HK) -1.400 (-3.608%)
Short selling $20.21M; Ratio 11.112%
and PICC GROUP (01339.HK) -0.160 (-3.678%)
Short selling $92.18M; Ratio 33.079%
plunged 3.6% and 3.7%.
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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