[ET Net News Agency, 20 November 2018] HK stocks closed sharply lower on Tuesday
morning session following the 395-point slump of the Dow on Monday. The benchmark index
opened down 328 points to 26,043, but pared its loss to 239 points and hit an intraday
high of 26,132. Then it saw its losses widen to 595 points and hit an intraday low of
25,776.
The Hang Seng Index ended down 481 points or 1.8% to 25,890. The H-share index fell 173
points or 1.6% to 10,458. Half-day turnover increased slightly to HK$45.9 billion from
HK$44.5 billion on Monday.
Apple was reportedly cutting production orders for its newest iPhones. Its major
acoustic component supplier AAC Technologies (02018) fell 3.2% to HK$54.2. Other handset
component suppliers were also lower. Sunny Optical (02382) shed 3% to HK$75.3. Q
Technology (01478) declined 3.2% to HK$4.58. FIT Hon Teng (06088) dropped 3.6% to HK$3.5.
BYD Electronic (00285) slipped 4.6% to HK$10.74. Tongda Group (00698) dipped 4.2% to
HK$0.91. Cowell e Holdings (01415) slid 3% to HK$0.96.
Tencent (00700) sank 3.2% to HK$282. The online game giant has risen a combined 7% over
the past three trading days. AIA (01299) decreased 3.1% to HK$63.55. HSBC (00005) dipped
1% to HK$65.4. HKEX (00388) was down 1.2% to HK$225.2.
China Mobile (00941) weakened 1.1% to HK$76.4 after it reported October operating data,
with mobile business net additions declining 16.5% to 2.939 million users. China Telecom
(00728) ebbed 1.7% to HK$4.08. China Unicom (00762) waned 1.6% to HK$8.71. China Tower
(00788) descended 0.9% to HK$1.17. (KL)