Concerns over the epidemic continue Hong Kong stocks fall more than 1,000 points on the 23rd

Xinhua News Agency, Hong Kong, March 23rd. Due to continued concerns about the new crown pneumonia epidemic in the capital market, the Hong Kong stock market fell sharply following the external market on the 23rd, with the Hang Seng Index closing down more than 1,000 points.

The Hang Seng Index fell sharply on the morning of the opening day and fluctuated throughout the day. It finally closed at 21696.13 points, down 1108.94 points, or 4.86%. Main board turnover was HK $ 137.549 billion. The state-owned enterprise index fell 366.91 points to close at 8751.76 points, a decrease of 4.02%.

On the last trading day of last week, major global stock markets, including Europe and the United States, slid. Due to the plunge in international crude oil prices and the pandemic caused by the new crown pneumonia, the international stock market has fallen for two consecutive weeks.

Wen Tianna, Chief Executive Officer of Hong Kong Broad Capital International said that the epidemic situation in Europe and the United States has continued to worsen, and countries have adopted measures such as restricting entry. The impact on the macro economy and business operations is unprecedented. Under such circumstances, it is difficult to restore investor confidence, Hong Kong stocks are still dragged down by the European and American markets, and will continue to be affected in the future.

However, Wen Tianna believes that in view of the fact that the outbreak in the Mainland has been effectively controlled, the mainland stock market should have a certain supporting role for Hong Kong stocks.

In terms of blue chips, Tencent Holdings fell 3.22% to close at HK $ 348.00; Hong Kong Exchange fell 3.02% to close at HK $ 211.40; China Mobile fell 2.64% to close at HK $ 53.35; HSBC Holdings fell 5.95% to close at HK $ 44.20.

For Hong Kong local stocks, Cheung Kong Holdings fell 9.34% to close at HK $ 35.40; Sun Hung Kai Properties fell 4.53% to close at HK $ 91.50; Henderson Land fell 5.50% to close at HK $ 28.35.

For Chinese financial stocks, Bank of China fell 4.46% to HK $ 2.78; China Construction Bank fell 2.61% to HK $ 5.95; ICBC fell 3.50% to HK $ 4.96; Ping An of China fell 3.66% to HK $ 70.90; China Life Insurance fell 3.58 % To close at HK $ 13.46.

For petroleum and petrochemical stocks, China Petroleum & Chemical Corporation fell 3.14% to close at HK $ 3.39; PetroChina shares fell 5.73% to close at HK $ 2.30; China National Offshore Oil Corp fell 5.04% to close at HK $ 6.77.