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Hong Kong stock market mid-day review: Hang Seng Index fell by 1.42%, recording 3 consecutive declines. Technology and financial stocks and other weights fell across the board. Photovoltaic stocks bucked the trend and rose.
The three major indexes continue to decline, all recording three consecutive falls.
Hong Kong stock anomaly | Petroleum stocks all fell, demand concerns put pressure on oil prices, refined oil may usher in a new round of price cuts.
Petroleum stocks are all down. As of the time of writing, PetroChina (00857) fell by 3.39%, reporting 6.84 Hong Kong dollars; CNOOC (00883) fell by 3.01%, reporting 19.98 Hong Kong dollars; and Sinopec (00386) fell by 1.21%, reporting 4.88 Hong Kong dollars.
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Hong Kong stocks fluctuate | Petroleum stocks rebounded today, Sinopec (00386) rose more than 3%, API crude oil inventories exceeded expectations and reduced inventory.
Petroleum stocks rebounded today. As of the time of publication, Sinopec (00386) rose 3.55% to HKD 4.96; Kunlun Energy (00135) rose 2.85% to HKD 8.3; CNOOC (00883) rose 1.72% to HKD 20.7.
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