|
Hang Seng Index Falls; Digital, Textile Stocks Sunny
The Hang Seng Index dropped 1.76% to close at 21,240.06 on November 3, in main board trading volume of HK$60.01 billion.
Real estate shares led the fall, with China Overseas Land & Investment (0688.HK) dropping 3.42% and Shimao Property (813.HK) sliding 3.82%. Meanwhile, digital stocks held up against the correcting market, with BYD Company (1211.HK) falling 5.79% and TCL Communication Tech Holdings (2618.HK) up 3.31%.
Retail and textile companies also rallied Tuesday. Yue Yuen Industrial (0551.HK) grew 3.41%, Daphne International Holdings (0210.HK) grew 3.05% and Pacific Textiles Holdings (1382.HK) grew 1.07%. The Minister of Commerce Chen Deming said the government will maintain its policies of offering tax rebates to exporters and keep the yuan exchange rate "stable," 21cbh.com reported.
|
