On January 9, the three major indexes of Hong Kong stocks fell back in early trading, and the afternoon decline widened further, before recovering in late trading.。Hang Seng Index closes down 0 at close.57%, at 16,097.28; Hang Seng SOE Index closes down 0.52%, at 5421.23 points; Hang Seng Tech Index closes down 0.76% at 3428.2 points。By the close, Hong Kong stocks rose 753, fell 1146 and closed flat at 1081。

On the day of the Hong Kong stock market, North Water traded net buy 25.HK $6.9 billion, of which HK Stock Connect (Shanghai) traded a net purchase of 15.HK $6.9 billion, Hong Kong Stock Connect (Shenzhen) traded net buy 10.HK $01 billion。

Sectors and Fundamentals

From the disk point of view, the network stocks were mixed, including millet fell nearly 2%, Tencent fell more than 1%, Alibaba fell nearly 2%, fast hand, the United States group rose nearly 2%, Baidu, Jingdong rose slightly。Internal housing stocks, property management stocks fell, auto stocks and shipping stocks continued to languish; pharmaceutical stocks strengthened again, catering sector performance is also relatively bright。

Fundamentally, all contracts on the European line fell yesterday, with the main 2404 contract down more than 17% today.。It follows news that the Houthis have reached agreements with some shipping companies related to the Red Sea route, allowing their ships to safely pass through the world's important waterway.。However, Maersk and Hapag-Lloyd subsequently denied that no agreement had been reached with the Houthis.。According to Daiwa, an agreement between the leading shipping companies and the Houthis is unlikely, as meeting the Houthis' demands would amount to sanctions against Israel, creating significant operational risks for shipping companies in developed countries, especially since the main revenues of these companies come from Europe and the United States.。The agreement could also indirectly violate the U.S.-led Operation Guardian of Prosperity, and a detour would allow the market to absorb excess capacity and put upward pressure on freight rates.。

According to incomplete statistics, since January 1, seven car companies, including Tesla, have announced that they will lower the price of their models or launch a limited-time cash discount promotion policy.。The industry generally believes that the "price war" in 2024 will not end, and the knockout will continue.。Ping An Securities expects that the "price war" led by the head of new energy vehicle companies will continue in 2024, especially in the mainstream price band of 100,000 to 200,000 yuan.。In addition, the downward trend in battery costs also provides space for car companies to cut prices on new energy vehicles.。Rating agency Fitch said competition in China's auto market will continue to intensify in 2024 as domestic auto brands accelerate the promotion of high levels of autonomous driving and global auto brands accelerate the electrification process。Fitch believes that the intensification of competition may put pressure on the market share and profitability of car companies in the short term, resulting in their ability to generate cash while facing higher investment demand.。

Increase or decrease in institutional holdings

According to the HKEx, on January 5, U.S. Capital Group reduced its holdings of Cinda Bio 345.60,000 shares, priced at 38 per share.HK $6,905, total reduction of approximately 1.HK $3.4 billion。The latest number of shares held after the reduction is about 9631..470,000 shares, with the shareholding ratio changed to 5.95%。

On January 5, Wellington Management Group LLP reduced its holdings of Longyuan Power 238.44.27 million shares, priced at 5 per share.HK $7,390, with a total reduction of approximately 1,368.HK $420,000。The latest number of shares held after the reduction is about 1..9.8 billion shares, with the shareholding ratio changed to 5.94%。

New Stock News

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