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Electronic trading system, provides HK Stock Option trading service.

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Half Day Roundup

26 Jul, 2021 12:50 PM

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China unleashes tighter regulations on technology and education firms. A-shares and Hong Kong stocks hit hard on Monday. Hang Seng Index tumbled 794 points to 26,527. H-share Index fell 359 points to 9,479. Hang Seng Tech index slumped 414 points to 6,854. Market turnover increased to HK$129.4 billion. China’s antitrust authorities ordered Tencent(700) to end its exclusive music licensing deals, its share price dipped 6.5%. Alibaba(9988) and Meituan(3690) also fell 4.7% and 7.7%, respectively. Education sector crashed as China rolled out measures on easing the homework and after-school tutoring burden. New Oriental(9901) plunged 37.5%. China Education Group(839) also fell 20.8%.

Source: KGI Research

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