Hong Kong stocks continued to fall on the 21st, with the Hang Seng Index down 0.90% from the previous day at 23,651.87 points, its lowest level in roughly 3.5 months. The China Enterprises Index, comprising mainland Chinese stocks, also closed down 1.08% at 7,943.41 points.
Hong Kong stocks continued to decline on the 21st. The Hang Seng Index closed down 215.87 points from the previous day at 23,651.87 points, around its lowest level in 3.5 months. A temporary rebound driven by easing concerns over higher crude oil prices lost momentum, while worries about an economic slowdown and selling pressure on mainland technology stocks weighed on the market.
CATL's quarterly results fell short of market expectations, weakening investor sentiment. As mainland Chinese companies continued to report earnings, investors became increasingly focused on assessing corporate performance, and many held back from buying.
Mineral-related stocks generally declined. While stocks such as 金ジン資源 fell sharply, software-related stocks also faced notable selling. Auto, pharmaceutical and biotechnology stocks, however, were relatively firm or rose.
The mainland Chinese market fell for the first time in 4 sessions. The Shanghai Composite ended trading at 3,713.03 points, down 0.60% from the previous day.