On Monday, March 21, Hong Kong stocks surged higher and fell back, with the Hang Seng Index closing down 0.89% and the Hang Seng Technology Index closing down 1.53%. Internet technology stocks fell, Kuaishou and Meituan fell more than 6%, and Baidu fell more than 5%.
The following is the disk information as of 14:16:
Following the decline in Hong Kong stocks last week, Hong Kong stocks ushered in a "good start" this week. On Monday, March 21, the Hang Seng Index opened 1.9% higher and the Hang Seng Technology Index opened 3.3% higher.
Shortly after the opening, the Hang Seng Index opened high and went low, and the Hang Seng Technology Index rebounded in a V-shaped rebound in the morning. In the afternoon, both the Hang Seng Index and the Hang Seng Technology Index continued to weaken, both now falling more than 1%.
Tech stocks opened high at one point and continued to decline in the afternoon. Baidu fell nearly 7%, Meituan fell more than 5%, Kuaishou fell nearly 5%, and Ali rose slightly by 0.36%. Previously, Station B rose nearly 11%, and Xiaopeng Automobile rose by more than 8%.
Domestic housing stocks fell, Xiangsheng Holdings fell more than 8%, Agile Group, Yuzhou Group, Country Garden fell more than 7%, and Rongxin China fell nearly 7%.
Among them, Xiangsheng Holdings announced on March 21 that due to the phased problems in liquidity, it failed to pay the INTEREST of US$12 million on the US$200 million debt on schedule. It is reported that the interest of this $12 million should be due and payable on February 18, 2022. Under the terms of the senior notes, the Company has a thirty-day grace period for interest payments, which have now expired and the Company has not paid interest before expiration.
In addition, the biomedical sector rose generally, Qianhai Health rose more than 31%, Sanai Health and Yisheng Biotechnology rose more than 8%, Jilin Changlong Pharmaceutical and Shanghai Pharmaceutical rose more than 4%, and Weiyuantang and Jinsrui Biotechnology rose more than 3%.
It is worth noting that China Evergrande, Evergrande Automobile and Evergrande Property suspended trading on the Hong Kong Stock Exchange today.