HSI fell -1.3% (-319 points) to close at 23,636 points, a 3-day losing streak.
31 out of 150 (21%) largest-cap stocks closed higher, but 27% of all HKEX stocks closed higher.
Mainland property stocks dragged Real Estate (-3.5%) to be the worst sector for the second day in a row. Developers’ debt risks weighed on Real Estate, SUNAC (1918) plunged another -12.8%, lost about -20% this week, which was the worst performing large-cap stock for two days now. CG SERVICES (6098) also tumbled 10%.
360miq.com/stockinfo?code=1918.HK
360miq.com/stockinfo?code=6098.HK
MeiDong Auto (1268) announced to acquire StarChase Motorsports for RMB 3.7 billion, share price spiked 14.5% to be the best performing large-cap stock. Also an auto dealership, Zhongsheng (881) soared 3.8%.
360miq.com/stockinfo?code=1268.HK
360miq.com/stockinfo?code=0881.HK
360miq.com/market?data=HKEX#tab-3
