Today's Hong Kong Hang Seng Index opened down 0.08% at 21106.41 points, the State-owned enterprises index fell 0.05% at 7251.39 points, the red chip index rose 0.17% at 3912.07 points, the Hang Seng Technology Index fell 0.03% at 4350.57 points. Some consumer stocks extended yesterday's gains, while science and technology stocks generally opened lower.
Xiaomi Group rose 0.83 percent, Lenovo Group fell 0.66 percent, NetEase dropped 0.6 percent, Alibaba fell 0.32 percent and Tencent Holdings fell 0.29 percent.
Qingdao Beer shares rose 3 percent. Fosun Production Control sold H shares of Tsingtao Brewery Co. at HK$62.00 per H share, with the sale totaling about HK$2.951 billion.
Dongfeng Group Co. rose 1.16%, Dongfeng Group Co. (00489.HK) intends to acquire a 55% stake in Dongfeng Motor (600006.SH) combined **** to gain control of the listed company.
Redding Pharmaceuticals rose more than 5 percent and Shui Fa Xingye Energy rose nearly 6 percent.
Hong Kong stocks Fusen Pharmaceuticals rose more than 4%, in today's resumption of trading, Fusen Pharmaceuticals announced that the cancellation of the proposed issue of new shares.
U.S. stocks, closed for the U.S. Memorial Day holiday.
International oil prices collectively rose to a new high in more than two months, extending last week's strong gains. Brent July crude futures closed up $2.24, or 1.88 percent, at $121.67 a barrel. The U.S. oil WTI July contract rose above $117 7, up $2.39 or 2.08% on the day. The dollar fell to a five-week low as bets on an aggressive Fed rate hike ebbed and is set for its first monthly loss in five months. Gold attempted to break above $1,860 and an improved demand outlook pushed London metals higher, with copper back above $9,500.
Expert views:
Yao Chai Securities Chik Yiu Fai said, Hong Kong stocks yesterday to continue the momentum of the recent rebound, in the new economy stocks and domestic demand stocks under the good Yesterday, another 426 points, closing at 21,123 points, the technology index rose nearly 4%. Market turnover also increased to 128.8 billion yuan. Among the constituent stocks, domestic demand stocks were the best performers, with Li Ning (02331) gaining more than 11%, while China Resources Breweries (00291) and Hai Di Lao (06862) also rose 8.2% and 9.7% respectively. New economy stocks also performed well, with Jingdong Group (09618) and Meituan (03690) both up nearly 7 percent, Ali (09988) up 4.3 percent and Tencent (00700) up 2.4 percent.
After the recent rise, the HSI has turned from down to up this month, and if it can continue to do well today, it's expected to end the month of May with an uptrend. Of course, the mainland today announced the PMI data performance of the market atmosphere may have some impact, but into the six months, I still continue to be optimistic about the market, especially once the epidemic tide by tide subside, I believe there will be more support and stimulate the economy to introduce measures. I expect the short-term market to look at 21,500 points first, and if we can break through, we can further look at the 22,500-point level.
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