On April 12, the three major indexes of Hong Kong stocks fell today. by the close of noon, the Hang Seng Index was down 1.Coffeebreakarcade.73%, at 16799.67 points, the Hang Seng Index fell 1.08%, and the State-owned Enterprises Index fell 1.49%. On the market, science and Internet stocks generally fell, Alibaba fell nearly 3%, JD.com and Baidu fell more than 2%, Xiaomi rose more than 2% against the trend; internal risk stocks fell collectively, AIA fell by nearly 5%; inner housing stocks generally performed poorly, Vanke enterprises fell by more than 5%; gold prices hit new highs, gold stocks rose against the trend, Lingbao Gold led the rise; Copper stocks were also active, Wanguo International Mining rose more than 13%; trading was suspended after plummeting 75% the day before yesterday.CoffeebreakarcadeThe share price of Xinji Shaxi doubled today, while sectors such as Internet health care, dairy products and beer fell one after another.
Gold stocks rose against the trend, led by Lingbao Gold. Spot gold and silver continued to climb in Asian trading on Friday, with spot gold standing above $2390 an ounce, reaching an all-time high and up more than 0.8 per cent on the day. Spot silver is approaching the 29 mark, a new high for another three years. Huatai Securities said that the global central banks to strengthen the status of gold allocation, positive factors accumulate or promote gold prices to exceed 3000 US dollars / ounce in the future. In the gold demand of 22-23 years, the large gold purchase demand of the central bank has gradually replaced the investment demand such as gold ETF and physical gold, and has become the leading factor affecting the rise of gold price in the interest rate hike cycle.
Xinji Shaxi, which was suspended from trading after plunging 75% the day before yesterday, doubled its share price today. In the company's announcement last night, the company was informed by Mei Zuoting and Zhang Weixin, executive directors and controlling shareholders of the company, a total of 212 million ordinary shares of HK $0.01each (accounting for about 14.16% of the total issued share capital of the company as at the date of the announcement) were forcibly sold by securities companies on April 10 through margin securities accounts in the open market.
Domestic insurance stocks fell collectively, while AIA fell nearly 5%. The company's previous annual report showed that the value of new business (at fixed exchange rates) rose 33 per cent year-on-year to $4.034 billion in 2023, beating market expectations. However, the growth in the value of new business in AIA Hong Kong, which made the biggest contribution to the new business performance, slowed significantly in the second half of the year. Morgan Stanley calculates that it fell to 61 per cent in the second half of the year, based on 1.1 times growth in the first half, mainly reflecting a marginal slowdown in the growth of mainland visitors to Hong Kong.