RONSHINE CHINA FALLS APPROXIMATELY 31%, SUNAC CHINA DROPS AROUND 25%, AND CHINA VANKE DECLINES ABOUT 14%.
HANG SENG INDEX TURNS NEGATIVE AFTER PREVIOUSLY RISING OVER 2%; HANG SENG TECH INDEX NARROWS GAINS TO 0.36%.
$RONSHINECHINA (03301.HK)$ $SUNAC (01918.HK)$ $KAISA GROUP (01638.HK)$ $SHIMAO GROUP (00813.HK)$ $CHINA VANKE (02202.HK)$ $SINO-OCEAN GP (03377.HK)$ $CIFI HOLD GP (00884.HK)$ $CHINA AOYUAN (03883.HK)$ $SEAZEN (01030.HK)$ $ZHENRO PPT (06158.HK)$ $AGILE GROUP (03383.HK)$ $LONGFOR GROUP (00960.HK)$ $LOGAN GROUP (03380.HK)$ $KWG GROUP (01813.HK)$ $POWERLONG (01238.HK)$ $CHINA JINMAO (00817.HK)$ $TIMES CHINA (01233.HK)$ $SUNAC SERVICES (01516.HK)$ $POWERLONG CM (09909.HK)$ $CG SERVICES (06098.HK)$ $S-ENJOY SERVICE (01755.HK)$

KWG Group rose 11.76%, SUNAC +9.4%, PowerLong +9.3%, Times China +8.68%.
$KWG GROUP (01813.HK)$ $SUNAC (01918.HK)$ $POWERLONG (01238.HK)$ $TIMES CHINA (01233.HK)$ $CHINA VANKE (02202.HK)$ $LONGFOR GROUP (00960.HK)$ $COUNTRY GARDEN (02007.HK)$ $EVERGRANDE (03333.HK)$

after the HKSAR Establishment holiday. New home sales by China's top 100 developers rose 36% m/m, thanks to recent supportive measures.
Hang Seng China Enterprises rises 0.9%.
$SHIMAO GROUP (00813.HK)$ $EVERGRANDE (03333.HK)$ $AGILE GROUP (03383.HK)$ $LONGFOR GROUP (00960.HK)$ $SUNAC (01918.HK)$ $CHINA VANKE (02202.HK)$ $SUNAC SERVICES (01516.HK)$ $KWG GROUP (01813.HK)$ $COUNTRY GARDEN (02007.HK)$

$Hang Seng Index (800000.HK)$ climbed 303 points or 1.6% to 19,376 at midday. $Hang Seng China Enterprises Index (800100.HK)$ gained 122 points or 1.8% to 6,864. $Hang Seng TECH Index (800700.HK)$ hiked 42 points or 1.1% to 4,084. Total half-day turnover for the market amounted to $114.256 billion.
$TENCENT (00700.HK)$ 's 1Q24 non-IFRS net profit hiked 54% YoY, beating forecasts, and its share price advanced 4.2% to $397.8.
$BABA-W (09988.HK)$ shed 2.4%...

$Hang Seng Index (800000.HK)$ slid 165 points or 0.9% to close at 18,313. $Hang Seng China Enterprises Index (800100.HK)$ fell 69 points or 1.1% to close at 6,456. $Hang Seng TECH Index (800700.HK)$ lost 50 points or 1.3% to close at 3,872. Total market turnover for the day amounted to $128.655 billion.
The sales volume of China's top 100 real estate companies fell 13% MoM in April. Chinese developers took the lead to decline. $KWG GROUP (01813.HK)$ and $AGILE GROUP (03383.HK)$ plummeted...

$BYD COMPANY (01211.HK)$ and $LI AUTO-W (02015.HK)$ escalating 4.4% and 5.8%, $LEAPMOTOR (09863.HK)$ and $XPENG-W (09868.HK)$ spiking more than 8%, and $NIO-SW (09866.HK)$ rallying 7.2%. Auto agent $ZHONGSHENG HLDG (00881.HK)$ hiked 6.5%.
Domestic property stocks remained sought after. $LONGFOR GROUP (00960.HK)$ , $CIFI HOLD GP (00884.HK)$ , $GREENTOWN CHINA (03900.HK)$ , $KWG GROUP (01813.HK)$ and $SUNAC (01918.HK)$ rocke...

At close, $Hang Seng Index (800000.HK)$ marked at 17,559, down 351 pts or 1.96%; $Hang Seng China Enterprises Index (800100.HK)$ sagged 129 pts or 2.1% to 6,041; and $Hang Seng TECH Index (800700.HK)$ dropped 92 pts or 2.24% to 4,024. Total turnover for the whole day was $88.149 billion.
$CHOW TAI FOOK (01929.HK)$ plummeted 10.8% to $10.74, the worst performing blue chip of the day. Although it had reported interim net profit rising 36% with higher interim dividend, the market was watchf...

Hong Kong stocks waned in the morning along with the external market. $Hang Seng Index (800000.HK)$ opened 89 points lower and, after narrowing the loss to 61 points at 17,823 at the beginning of the morning session, widened the decline later to 234 points or 1.3%, closing at 17,651 for the half-day. $Hang Seng China Enterprises Index (800100.HK)$ descended 85 points or 1.4% to 6,096. $Hang Seng TECH Index (800700.HK)$ declined 84 points or 2.2% to 3,837. Total half-day turn...

Hong Kong stocks swooned this morning, mirroring the softness in the external markets. At open, $Hang Seng Index (800000.HK)$ waned 89 pts or 0.5% to 17,795; $Hang Seng China Enterprises Index (800100.HK)$ fell 35 pts or 0.6% to 6,146; $Hang Seng TECH Index (800700.HK)$ slumped 34 pts or 0.9% to 3,887.
Chinese developers broadly ascended as Guangzhou became the first first-tier city to officially announce the relaxation of home purchase restrictions. $EVERGRANDE (03333.HK)$ and ...

Hong Kong stocks opened higher in the morning. $Hang Seng Index (800000.HK)$ opened 105 pts or 0.6% higher at 18,131. $Hang Seng China Enterprises Index (800100.HK)$ opened 38 pts or 0.6% higher at 6,298. $Hang Seng TECH Index (800700.HK)$ opened 18 pts or 0.5% higher at 4,082.
Chinese property developers remained under speculation. $POWERLONG (01238.HK)$ and $SUNAC (01918.HK)$ shot up 9.5% and 8.5%. $COUNTRY GARDEN (02007.HK)$ and $KWG GROUP (01813.HK)$ mounted 7....