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Hong Kong stocks have rebounded collectively, with Sands China (01928) up more than 3% and Melco International Development (00200) up more than 2%.
Macau casino stocks have collectively rebounded. As of the time of publication, Sands China (01928) rose 3.12% to HKD 13.88; Melco International Development (00200) rose 2.85% to HKD 3.97; Galaxy Entertainment (00027) rose 2.33% to HKD 28.55.
Hong Kong stocks closed (09.11) | The Hang Seng Index fell 0.73%. Lithium mining stocks and pharmaceutical stocks rebounded strongly. Topsports (06110) plummeted 16% after issuing a profit warning.
The market is waiting for the release of the US CPI inflation data for August tonight. Hong Kong's three major stock indexes opened under pressure and fell collectively, with the Hang Seng Index and the H-share Index hitting new lows. The Hang Seng Index rebounded and turned higher in the afternoon, after falling nearly 1% earlier.
Asia's First Reveal of the De Tomaso P72 at the "Wynn Signature - 2024 Hypercar Exhibition"
Macau casino stocks are weak across the board, with MGM China (02282) falling 2.57%. Citigroup lowered its September gambling revenue forecast.
Golden Horse Financial News | Macau casino stocks are weak across the board, with MGM China (02282) down 2.57%, Melco Int'l Dev (00200) down 2.02%, Wynn Macau (01128) down 2.01%, Sands China (01928) down 1.87%, and Galaxy Ent (00027) down 1.38%. On the news front, Citigroup's report stated that based on industry data, Macau's gambling revenue for the first 8 days of September may reach around 4.75 billion Macau patacas. The implied daily gambling revenue for this period is around 0.594 billion Macau patacas, a decrease of about 6% compared to the daily gambling revenue of around 0.635 billion Macau patacas for the last 13 days of August.
Macau casino stocks continue to decline, Melco Int'l Dev (00200) fell more than 4%, and Societe Generale lowered its forecast for Macau gambling revenue for the next two years.
Macau casino stocks continue to decline. As of the time of writing, Melco Int'l Dev (00200) fell 4.62% to HKD 3.92; Wynn Macau (01128) fell 3.67% to HKD 4.99; Sands China (01928) fell 3.05% to HKD 13.36.
Wynn Macau (01128) fell 33.80%, now trading at 5.030 yuan, hitting a new 52-week low.
As of 11:48, Wynn Macau (01128) fell 33.80% from the previous closing price, now trading at 5.030 yuan, hitting a new 52-week low; with a volume of 3.1316 million shares and a turnover of 15.8773 million Hong Kong dollars.
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