In Hong Kong's stock market on the 16th, sell orders spread due to concerns about the impact of the deterioration of the management of a major Chinese real estate company on the industry as a whole, and a representative stock index hit the lowest price this year.
In Hong Kong's stock market on the 16th, sell orders spread for a wide range of stocks such as real estate, finance, IT related, etc., and the closing price of the representative stock index "Hang Seng Index" was 24,667.85, which is 1.4% lower than the previous day. I got the lowest price of.
The financial difficulties of the Chinese real estate giant Evergrande Group, which is listed on the Hong Kong market, have increased the sense of caution that it will affect the entire real estate industry, leading to sell orders.
Concerns about the future of management continue, with the rating of a major subsidiary engaged in the real estate business being downgraded over the Evergrande Group, which triggered the suspension of corporate bond transactions for this company on the 16th. ..
Market officials said, "As concerns about the Evergrande Group grow, investors are moving to avoid risks, and sell orders have increased in other industries as well. Recently, due to the tightening of regulations by the Chinese authorities. It was the lowest price, partly because IT-related stock prices have fallen. "