NIO Down 5.5%, Alibaba Down 1.7%: Hong Kong Stocks Drop to Halt Monthly Gain

South China Morning Post09-02

Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Naz82
09-02
Naz82
the leadership has to do sonething but it doesn't seemed to concerned?
TigerVision888
09-02
TigerVision888
Always like that. Been a while. No more confidence

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1110955791?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-02 10:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1110955791","market":"hk","top_or_hot":-1,"title":"NIO Down 5.5%, Alibaba Down 1.7%: Hong Kong Stocks Drop to Halt Monthly Gain","media":"South China Morning Post","content":"<div>\n<p>Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results....</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results\">Source Link</a>\n\n</div>\n","source":"lsy1600132093512","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Down 5.5%, Alibaba Down 1.7%: Hong Kong Stocks Drop to Halt Monthly Gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Down 5.5%, Alibaba Down 1.7%: Hong Kong Stocks Drop to Halt Monthly Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-02 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results....</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSCEI","symbol_name":"国企指数","start_time":0,"source_url":"https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results","article_id":"1110955791","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110955791","pubTimestamp":1725245777,"columns":[],"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results.T","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSTECH":"恒生科技指数"},"translate_title":"蔚来跌5.5%，阿里巴巴-SW跌1.7%：港股跌停月度涨幅","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":1.1,"HSI":1.1,"HSTECH":1.1},"content_text":"Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results.The Hang Seng Index fell 1.6 per cent to 17,703.54 as of 10.50am local time. The Hang Seng Tech Index dropped 1.8 per cent, and the Shanghai Composite Index retreated 0.6 per cent.New World Development tumbled 12.4 per cent to HK$6.88 after forecasting a loss of as much as HK$20 billion (US$2.56 billion) for the financial year ending in June. Industrial and Commercial Bank of China sank 2.9 per cent to HK$4.36 and China Construction Bank dropped 1.8 per cent to HK$5.42 after both of the state-backed lenders posted a 1.8 per cent profit decline in the first half.The purchasing managers index, a survey of sentiment among Chinese factory owners, stayed at 49.1 in August, the National Bureau of Statistics said over the weekend, down from 49.4 in July and short of the consensus estimate of 49.5. Any reading below 50 indicates contraction.The rebound in Hong Kong in August may present some challenges as traders digest the weak results, which may trigger earnings downgrades. The Hang Seng Index rose 3.7 per cent last month, the biggest monthly gain since April, on expectations the Federal Reserve will cut the interest rate for the first time in four years amid cooing inflation and a softening labour market.Other major Asian markets were mixed. Japan’s Nikkei 225 climbed 0.2 per cent and South Korea’s Kospi was plat, while Australia’s S&P/ASX 200 lost 0.2 per cent.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":345106303791448,"gmtCreate":1725247246183,"gmtModify":1725247250002,"author":{"id":"3586391934107265","authorId":"3586391934107265","name":"Naz82","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586391934107265","authorIdStr":"3586391934107265"},"htmlText":"the leadership&nbsp; has to do sonething but it doesn't seemed to concerned?","listText":"the leadership&nbsp; has to do sonething but it doesn't seemed to concerned?","text":"the leadership has to do sonething but it doesn't seemed to concerned?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345106303791448","repostId":1110955791,"repostType":2,"repost":{"id":"1110955791","kind":"news","pubTimestamp":1725245777,"share":"https://ttm.financial/m/news/1110955791?lang=&edition=fundamental","pubTime":"2024-09-02 10:56","market":"hk","language":"en","title":"NIO Down 5.5%, Alibaba Down 1.7%: Hong Kong Stocks Drop to Halt Monthly Gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1110955791","media":"South China Morning Post","summary":"Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results.T","content":"<html><head></head><body><p>Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results.</p><p>The Hang Seng Index fell 1.6 per cent to 17,703.54 as of 10.50am local time. The Hang Seng Tech Index dropped 1.8 per cent, and the Shanghai Composite Index retreated 0.6 per cent.</p><p>New World Development tumbled 12.4 per cent to HK$6.88 after forecasting a loss of as much as HK$20 billion (US$2.56 billion) for the financial year ending in June. Industrial and Commercial Bank of China sank 2.9 per cent to HK$4.36 and China Construction Bank dropped 1.8 per cent to HK$5.42 after both of the state-backed lenders posted a 1.8 per cent profit decline in the first half.</p><p>The purchasing managers index, a survey of sentiment among Chinese factory owners, stayed at 49.1 in August, the National Bureau of Statistics said over the weekend, down from 49.4 in July and short of the consensus estimate of 49.5. Any reading below 50 indicates contraction.</p><p>The rebound in Hong Kong in August may present some challenges as traders digest the weak results, which may trigger earnings downgrades. The Hang Seng Index rose 3.7 per cent last month, the biggest monthly gain since April, on expectations the Federal Reserve will cut the interest rate for the first time in four years amid cooing inflation and a softening labour market.</p><p>Other major Asian markets were mixed. Japan’s Nikkei 225 climbed 0.2 per cent and South Korea’s Kospi was plat, while Australia’s S&amp;P/ASX 200 lost 0.2 per cent.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bfb278e902ca4fe048c8e4a3d8414bb1\" tg-width=\"360\" tg-height=\"2369\"/></p><p></p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Down 5.5%, Alibaba Down 1.7%: Hong Kong Stocks Drop to Halt Monthly Gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Down 5.5%, Alibaba Down 1.7%: Hong Kong Stocks Drop to Halt Monthly Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-02 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results....</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSTECH":"恒生科技指数"},"source_url":"https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110955791","content_text":"Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a slew of companies reported disappointing results.The Hang Seng Index fell 1.6 per cent to 17,703.54 as of 10.50am local time. The Hang Seng Tech Index dropped 1.8 per cent, and the Shanghai Composite Index retreated 0.6 per cent.New World Development tumbled 12.4 per cent to HK$6.88 after forecasting a loss of as much as HK$20 billion (US$2.56 billion) for the financial year ending in June. Industrial and Commercial Bank of China sank 2.9 per cent to HK$4.36 and China Construction Bank dropped 1.8 per cent to HK$5.42 after both of the state-backed lenders posted a 1.8 per cent profit decline in the first half.The purchasing managers index, a survey of sentiment among Chinese factory owners, stayed at 49.1 in August, the National Bureau of Statistics said over the weekend, down from 49.4 in July and short of the consensus estimate of 49.5. Any reading below 50 indicates contraction.The rebound in Hong Kong in August may present some challenges as traders digest the weak results, which may trigger earnings downgrades. The Hang Seng Index rose 3.7 per cent last month, the biggest monthly gain since April, on expectations the Federal Reserve will cut the interest rate for the first time in four years amid cooing inflation and a softening labour market.Other major Asian markets were mixed. Japan’s Nikkei 225 climbed 0.2 per cent and South Korea’s Kospi was plat, while Australia’s S&P/ASX 200 lost 0.2 per cent.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":345105289851184,"gmtCreate":1725246997278,"gmtModify":1725247000765,"author":{"id":"4146204832639872","authorId":"4146204832639872","name":"TigerVision888","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"idStr":"4146204832639872","authorIdStr":"4146204832639872"},"htmlText":"Always like that. Been a while. No more confidence&nbsp;","listText":"Always like that. Been a while. No more confidence&nbsp;","text":"Always like that. Been a while. No more confidence","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345105289851184","repostId":1110955791,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1110955791"}