Hong Kong stocks closed lower on Friday morning session following mixed performance of the US equity markets. The benchmark index opened down 118 points to 22,055. It briefly fell as much as 226 points to intra-day low of 21,947.
The Hang Seng Index ended down 182 points or 0.8% to 21,991. The H-share index fell 60 points or 0.7% to 9,021. Half-day turnover increased to HK$37.3 billion from HK$34 billion on Thursday.
The northbound quota balance of the "Shanghai-HK Connect" program was RMB12.862 billion, accounting for 98.9% of the daily allowed quota of RMB13 billion. At 11:31 a.m., the southbound quota balance was RMB10.109 billion, accounting for 96.3% of the daily allowed quota of RMB10.5 billion.
CNOOC (00883) dipped 2% to HK$9.36 after it issued profit warning for interim results. PetroChina (00857) and Sinopec (00386) also slipped 2% to HK$5.26 and HK$5.57.
Wynn Macau (01128) plunged 5% to HK$12.7 after it reported 10% growth of adjusted property EBITDA to US$190.4 million for the second quarter. Galaxy Entertainment (00027) and Sands China (01928) fell 1% to HK$25.6 and HK$29.7.
Want Want (00151) slid 3% to HK$4.75, becoming the top blue-chip loser in the morning session. Deutsche Bank has earlier downgraded its rating for Want Want to "sell" with a lower target price of HK$4.5. Hengan (01044) declined 3% to HK$65 as JP Morgan expects the company to be hurt by depreciation of RMB.
Great Wall Motor (02333) soared 6% to HK$8.32 after it announced 16% growth of its second quarter earnings to RMB2.53 billion. Credit Suisse also raised its target price for the auto maker to HK$9.1.
Tech Pro (03823) continued its free fall after short seller Glaucus Research accused the company of obvious fraud. It dived 49% to HK$0.158 on top of yesterday's 87% plunge.
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