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  • Hong Kong Market extends losses
  • April 12,2021  20:01
  • Hong Kong stock market finished lower for the second straight session on Monday, 12 April 2021, on following losses in the Mainland China market amid lingering concerns over policy tightening and ongoing Sino-U.S. tensions. Meanwhile, weakness in the other regional bourses also weighed down sentiments.

    At closing bell, the benchmark Hang Seng Index declined 0.86%, or 245.52 points, to 28,453.28. The Hang Seng China Enterprises Index fell 0.93%, or 102.54 points, to 10,874.83.

    Among top losers, Geely Automobile fell 7.1% to HK$19.24. Meituan fell 5% to HK$298.20, while Shenzhou International dropped 2.9% to HK$162.20.

    Alibaba shares surged 6.5% to HK$232.20, as CEO Daniel Zhang said on Monday that China's Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, after record antitrust fine of US$2.8 billion over the weekend by the State Administration for Market Regulation for anti-monopolistic practices. The firm accepts the penalty with sincerity and will ensure its compliance with determination.

    AAC Technologies shot up 12.7% to HK$44.90, after the firm announced in an exchange filing on Monday that it expected unaudited profits to rise to 550 million yuan in the first quarter, or more than 10 times the level a year earlier.

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ATTENTION INVESTORS
"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
 3. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors"
Prevent Unauthorized Transactions in your demat/trading account --> Update your Mobile Number/email ID with your stock broker/Depository Participant. Receive information of your transactions directly from Exchanges on your mobile/email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/CDSL on the same day. - Issued in the interest of investors.
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