stock market
Theusdt to inr Hang Seng Index opened higher on Thursday, but turned weaker in the afternoon. It ultimately closed with a bearish "shooting star" candlestick, down 0.13%. The trading volume was approximately 104.9 billion yuan. The Hang Seng Index breached the 20-day Simple Moving Average (SMA), and the MACD histogram narrowed. According to informed sources cited by foreign media, regulatory authorities are considering adjusting the housing loan restrictions policy in first-tier cities. Possible options include "recognizing only the property and not the loan," which means that regardless of whether there has been a previous loan, as long as there is currently no property under one's name, they can enjoy preferential down payment ratios and interest rates for first-home mortgage loans. This news drove positive movement in the stock prices of Country Garden (2007) and Country Garden Services (6098), which both rose nearly 4%, making them the top-performing blue-chip stocks. Shunyu Optics (2382) issued a profit warning, expecting the company's attributable net profit for the first half of 2023 to be approximately 407 million to 475 million yuan, a decrease of about 65% to 70% compared to the same period last year's 1.358 billion yuan. The reason is the sustained weak demand in the global smartphone market, intense industry competition, and the ongoing trend of decreasing specifications and configurations of smartphone cameras, resulting in a year-on-year decline in the shipment volume of the group's mobile lenses and camera modules, and increased pressure on average selling prices and gross profit margins. Shunyu's stock price fell nearly 14%, making it the worst-performing constituent stock of the Hang Seng Index and the HSCI. Last week, the number of new unemployment benefit claims in the United States unexpectedly decreased by 9,000 people to 228,000. The market had initially expected an increase of 5,000 people. The three major US stock indices had mixed performance, with the Dow Jones Industrial Average rising while the Nasdaq and S&P 500 fell. The night session and ADR decline, it is expected that the Hang Seng Index will remain sluggish, with support around the levels of 18900/18700.
