Hong Kong Stocks Turn Negative, Erasing Earlier Gains; NIO Drops 4%; Ronshine China Sinks 32%

Tiger Newspress

2024/10/17

Hong Kong stocks turned negative in afternoon trading, erasing earlier gains, after an underwhelming briefing by housing ministry, where few incremental policies on boosting home demand were announced.

The Hang Seng Index fell 0.2%, while the Hang Seng Tech Index fell 0.1%.

In terms of individual stocks, SenseTime rose 3.3%; Xiaomi rose 2.9%; JD.com rose 1.3%; NIO fell 4%.

While Chinese property developers that rose sharply yesterday sank. Ronshine China fell 32%; SUNAC fell 25%; R&F Properties fell 21%; China Vanke fell 15%; Longfor Group fell 12%.

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Xiaomi rose 2.9%; JD.com rose 1.3%; NIO fell 4%.</p><p>While Chinese property developers that rose sharply yesterday sank.  <a href=\"https://laohu8.com/S/03301\">Ronshine China</a> fell 32%; SUNAC fell 25%; R&amp;F Properties fell 21%;  China Vanke fell 15%; Longfor Group fell 12%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/29481a059d93a359402440e4c23d1e96\" tg-width=\"360\" tg-height=\"2705\"/></p><p></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00020","symbol_name":"商湯-W","start_time":0,"source_url":"","article_id":"1113040933","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113040933","pubTimestamp":1729146316,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Hong Kong stocks jumped in morning trading, snapping a three-day decline. investors anticipate more support measures for the troubled sector from a housing ministry press conference scheduled for Thursday.The Hang Seng Index rose 1.9%, while the Hang Seng Tech Index gained 2.5%.In terms of individual stocks, SenseTime and Xiaomi rose 4%; 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