MARKET
MARKET

Twenty-nine Hong Kong stocks may be added to Southbound trading of Stock Connect – research

The Hang Seng Indexes Company has announced the results of the latest review on the constituent stocks of the Hang Seng Indexes.
Huatai Securities believes that 29 stocks may be added to the Southbound trading of the Mainland – Hong Kong Stock Connect schemes.

Hong Kong local stocks gain on removal of mask mandate from Mar 1

Local cosmetics retailer Sa Sa International is leading the gains with a rise of more than 4%, followed by 3.8% gain in Bosideng International Holdings and 3% rise in Chinese Estates Holdings.
Hong Kong Chief Executive John Lee said that the mask mandate for all locations will be lifted starting from March 1.

Chinese homebuilders’ shares slide on weak home sales in Jan, some top cities record zero new home transactions in holidays

Shares of Chinese property developer are sliding in Hong Kong, with Times China sliding more than 8% as of 3:43 pm local time, Midea Real Estate down 5.1%, KWG Group down 4.7%, China Jinmao down 4.4% and Country Garden down 3.6%.

Chinese solar related companies rallied on news several firms announced production hike plans

Chinese solar power related companies stage a strong rally on Friday. In Hong Kong, Xinyi Solar surged 6.7%, jumping for the 4th consecutive day and GCL Tech gained 5%. Solar glass makers also rallied, with Flat Glass surging13.2%, Luoyang Galss up 6%, Xinyi Glass up 3.7%.

Chinese property developers trade higher on expectations of further relaxation of real estate policy

An index tracking mainland-listed real estate developers, compiled by Wind Information, is trading more than 1% higher. Property developers based in Guangdong province are outperforming, with Shenzhen Zhenye surging by the daily limit of 10% and Shenzhen Special Economic Zone Real Estate and Properties up more than 7%.

Hong Kong stocks, A-shares closed lower on Tue, mainland property developers tumbled

The Hang Seng Index fell 1.3% to close at 19,094, the Hang Seng China Enterprises Index down 2% and the Hang Seng Tech Index tumbled by 3.1%.
In the A-share market, the Shanghai Composite Index fell 1.07% to close at 3,073, the Shenzhen Component Index sliding 1.6% and the tech-heavy Chinext Price Index down 1.5%.