Hong Kong stocks closed (01.02) | The Hang Seng Index fell by 2.18% while the Golden Industrial Concept rose against the trend. Semiconductors and the large financial Sector had the largest declines.
The Hong Kong stock market had a poor start in 2025, with all three major indices declining, each dropping more than 2%. The Hang Seng Index once again fell below the 20,000 mark, and the Hang Seng China Enterprises Index at one point dropped over 3% in the afternoon.
Hong Kong stocks are moving differently | China-Affiliated Brokerage stocks are declining across the board, with A-share financing scale in 2024 reduced by more than 80%, and Brokerage investment banking Business significantly decreased.
China-Affiliated Brokerage stocks are all declining. As of the time of writing, CITIC SEC (06030) is down 5.85%, at 20.1 HKD; Guolian (01456) is down 5.21%, at 4.37 HKD; CSC (06066) is down 5.4%, at 9.29 HKD; China Merchants (06099) is down 5.25%, at 15.18 HKD.
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Hong Kong stock movement | China-Affiliated Brokerage stocks continued to decline in the afternoon, with increased market volatility dragging down the Sector performance. Citibank stated that Brokerage stock prices may have peaked.
China-Affiliated Brokerage stocks continued to decline in the afternoon. As of the time of this report, Guolian (01456) fell by 3.48% to 4.71 HKD; China Merchants (06099) fell by 3.33% to 15.7 HKD; CITIC SEC (06030) fell by 2.48% to 21.65 HKD; CSC (06066) fell by 1.92% to 10.2 HKD.
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