Hong Kong Stocks Slide Amid Mixed Earnings; Jiangsu Lopal Tech Shares Fall 16% in HK Debut

MT Newswires Live10-30

Hong Kong stocks snapped a three-day winning streak as investor sentiment remained jittery amid mixed earnings and anticipation of new fiscal support measures.

The Hang Seng Index fell 1.55%, or 320.5 points, at 20,380.64. The Hang Seng China Enterprises index lost 1.77%, or 131.03 points, at 7,286.5.

Investors are assessing mixed earnings reports as they look ahead to next week's legislative meeting, which may introduce new measures to buoy the economy.

Tsingtao Brewery (HKG:0168, SHA:600600) saw its Hong Kong shares drop 5% after it reported a 9% drop in attributable profit for the third quarter to 1.35 billion yuan.

Aluminum Corp. of China or Chalco's (HKG:2600, SHA:601600) Hong Kong shares plunged 12% at the day's close despite a 3% boost in profit in the third quarter to 2 billion yuan amid a 16% revenue jump.

Standard Chartered's (HKG:2888) shares, on the other hand, rose 3% after its underlying pretax profit jumped 172% to $1.72 billion in the third quarter.

In corporate news, Jiangsu Lopal Tech (HKG:2465, SHA:603906) made a weak trading debut in Hong Kong on Wednesday. The LFP cathode material maker and automotive specialty chemical manufacturer's shares slid 16% to HK$4.75 at the day's close from its IPO price of HK$5.50.

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

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2479241302?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-30 16:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2479241302","market":"sg","top_or_hot":-1,"title":"Hong Kong Stocks Slide Amid Mixed Earnings; Jiangsu Lopal Tech Shares Fall 16% in HK Debut","media":"MT Newswires Live","content":"<html><body><p> Hong Kong stocks snapped a three-day winning streak as investor sentiment remained jittery amid mixed earnings and anticipation of new fiscal support measures.</p><p>The Hang Seng Index fell 1.55%, or 320.5 points, at 20,380.64. The Hang Seng China Enterprises index lost 1.77%, or 131.03 points, at 7,286.5.</p><p>Investors are assessing mixed earnings reports as they look ahead to next week's legislative meeting, which may introduce new measures to buoy the economy.</p><p>Tsingtao Brewery (HKG:0168, SHA:600600) saw its Hong Kong shares drop 5% after it reported a 9% drop in attributable profit for the third quarter to 1.35 billion yuan.</p><p>Aluminum Corp. of China or Chalco's (HKG:2600, SHA:601600) Hong Kong shares plunged 12% at the day's close despite a 3% boost in profit in the third quarter to 2 billion yuan amid a 16% revenue jump.</p><p>Standard Chartered's (HKG:2888) shares, on the other hand, rose 3% after its underlying pretax profit jumped 172% to $1.72 billion in the third quarter.</p><p>In corporate news, Jiangsu Lopal Tech (HKG:2465, SHA:603906) made a weak trading debut in Hong Kong on Wednesday. The LFP cathode material maker and automotive specialty chemical manufacturer's shares slid 16% to HK$4.75 at the day's close from its IPO price of HK$5.50.</p></body></html>","source":"mtnewswires_news","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>Hong Kong Stocks Slide Amid Mixed Earnings; Jiangsu Lopal Tech Shares Fall 16% in HK Debut</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\">\nHong Kong Stocks Slide Amid Mixed Earnings; Jiangsu Lopal Tech Shares Fall 16% in HK Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 16:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks snapped a three-day winning streak as investor sentiment remained jittery amid mixed earnings and anticipation of new fiscal support measures.The Hang Seng Index fell 1.55%, or 320.5 ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">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":"601600","symbol_name":"中国铝业","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479241302","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479241302","pubTimestamp":1730277873,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong stocks snapped a three-day winning streak as investor sentiment remained jittery amid mixed earnings and anticipation of new fiscal support measures.The Hang Seng Index fell 1.55%, or 320.5 points, at 20,380.64. The Hang Seng China Enterprises index lost 1.77%, or 131.03 points, at 7,286.5.Investors are assessing mixed earnings reports as they look ahead to next week's legislative meeting, which may introduce new measures to buoy the economy.Tsingtao Brewery  saw its Hong Kong shares drop 5% after it reported a 9% drop in attributable profit for the third quarter to 1.35 billion yuan.Aluminum Corp. of China or Chalco's  Hong Kong shares plunged 12% at the day's close despite a 3% boost in profit in the third quarter to 2 billion yuan amid a 16% revenue jump.Standard Chartered's  shares, on the other hand, rose 3% after its underlying pretax profit jumped 172% to $1.72 billion in the third quarter.In corporate news, Jiangsu Lopal Tech  made a weak trading debut in Hong Kong on","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"600600":"青岛啤酒","601600":"中国铝业","603906":"龙蟠科技","HSI":"恒生指数","02600":"中国铝业","02888":"渣打集团","00168":"青岛啤酒股份","02465":"龙蟠科技"},"translate_title":"港股因盈利好坏参半而下滑；江苏洛帕尔科技香港上市股价下跌16%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600600":0.9,"601600":0.9,"603906":0.9,"00168":0.9,"02465":0.9,"02600":0.9,"02888":0.9,"HSI":0.9},"content_text":"Hong Kong stocks snapped a three-day winning streak as investor sentiment remained jittery amid mixed earnings and anticipation of new fiscal support measures.The Hang Seng Index fell 1.55%, or 320.5 points, at 20,380.64. The Hang Seng China Enterprises index lost 1.77%, or 131.03 points, at 7,286.5.Investors are assessing mixed earnings reports as they look ahead to next week's legislative meeting, which may introduce new measures to buoy the economy.Tsingtao Brewery (HKG:0168, SHA:600600) saw its Hong Kong shares drop 5% after it reported a 9% drop in attributable profit for the third quarter to 1.35 billion yuan.Aluminum Corp. of China or Chalco's (HKG:2600, SHA:601600) Hong Kong shares plunged 12% at the day's close despite a 3% boost in profit in the third quarter to 2 billion yuan amid a 16% revenue jump.Standard Chartered's (HKG:2888) shares, on the other hand, rose 3% after its underlying pretax profit jumped 172% to $1.72 billion in the third quarter.In corporate news, Jiangsu Lopal Tech (HKG:2465, SHA:603906) made a weak trading debut in Hong Kong on Wednesday. The LFP cathode material maker and automotive specialty chemical manufacturer's shares slid 16% to HK$4.75 at the day's close from its IPO price of HK$5.50.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"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/2479241302"}