HSI fell -1.2% (-283 points) to close at 23,193 points, the lowest level since the beginning of this year, and fell -3.3% (-803 points) this week.
44 out of 150 (29%) largest-cap stocks closed higher, and 34% of all HKEX stocks closed higher.
In terms of sectors, only Basic Materials (0.8%), Financial (0.3%), and Utilities (0.2%) ended higher, while Consumer Cyclical was the worst with a -3.3% loss.
For the weekly sector performance, only Utilities (3.5%) and Energy (1.2%) ended higher; Despite the new US sanction that doesn’t cover those major public Healthcare companies, Healthcare was still dragged to be the worst sector with a whopping -8.7% loss.
For the week, Wuxi Bio (2269), Beigene (6160), Genscript Bio (1548) tumbled -11.3%, -14.4%, and -16.8% respectively.
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Mainland electricity stocks had a great week. China Resources Power (836), China Power (2380), China Longyuan (916) soared 9.5%, 6.1%, and 6.5% respectively.
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