ECONOMY TODAY NEWS (September 2): The risk in U.S. Treasuries has affected investors' risk appetite toward tech and internet stocks, leading to across-the-board declines. Alibaba (09988) fell 2.3%, to HK$104.1; Tencent (00700) dropped 2.1%, to HK$422; Baidu (09888) declined 3%, to HK$83.2; and JD.com (09618) fell 2.6%, to HK$101.6.
U.S. long-term bond yields rose initially and then retreated on Thursday. The 10-year Treasury yield briefly surpassed 5.34%, peaking around 5.345%, up more than 5 basis points—the highest level in over 24 years since 2002. Later, buying interest emerged at lower levels, pushing bond prices higher and yields lower, with the yield hovering around 5.24% near the close.
Currently, the Hang Seng Index stands at 24,099, down 513 points or 2.1%. Board-wide turnover is approximately HK$5.4 billion. The Hang Seng China Enterprises Index is at 8,078, down 141 points or 1.7%. The Hang Seng Tech Index is at 4,176, down 76 points or 1.8%.
(nw)
U.S. long-term bond yields rose initially and then retreated on Thursday. The 10-year Treasury yield briefly surpassed 5.34%, peaking around 5.345%, up more than 5 basis points—the highest level in over 24 years since 2002. Later, buying interest emerged at lower levels, pushing bond prices higher and yields lower, with the yield hovering around 5.24% near the close.
Currently, the Hang Seng Index stands at 24,099, down 513 points or 2.1%. Board-wide turnover is approximately HK$5.4 billion. The Hang Seng China Enterprises Index is at 8,078, down 141 points or 1.7%. The Hang Seng Tech Index is at 4,176, down 76 points or 1.8%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Alibaba (09988) | 104.1 | Down 2.35% |
| Baidu (09888) | 83.2 | Down 3.03% |
| JD.com (09618) | 101.6 | Down 2.59% |
| Kuaishou (01024) | 30.4 | Down 1.75% |
| NetEase (09999) | 187.7 | Down 2.54% |
| Tencent (00700) | 422 | Down 2.09% |
| Meituan (03690) | 70.3 | Down 1.95% |
