article

September 4th news, today's three major Hang Seng Indexes were sluggish throughout the day. By the close, the Hang Seng Index fell 1.1%, reporting 17,457.34 points, the Hang Seng Technology Index fell 0.39%, and the China Enterprises Index fell 1.12%. In the market, tech stocks fluctuated, with Xiaomi Group falling nearly 3%, Tencent falling over 1%, and Kuaishou falling over 1%; oil stocks plummeted across the board, with CNOOC and PetroChina falling over 6%; gold stocks collectively declined, with China Gold International falling over 10%; Sheng Neng Group, which plummeted 98.4% yesterday, surged by more than 78% today.

Oil stocks plummeted across the board, with CNOOC and PetroChina falling over 6%. In terms of news, on Tuesday local time, international crude oil futures both plummeted, with Brent crude oil falling more than 5% at one point. By the close, the WTI October crude oil futures fell 4.36% to $70.34 per barrel, with the main continuous price hitting the lowest level since December last year; the Brent November crude oil futures fell 4.86% to $73.75 per barrel, with the main continuous price falling below $75 for the first time since January. According to foreign media reports, an agreement to resolve the dispute over the suspension of Libyan crude oil production and exports is imminent, causing international oil prices to fall to the lowest point since the beginning of the year.

Advertisement

Gold stocks collectively declined, with China Gold International falling over 10%. In terms of news, under the pressure of a strong US dollar, gold prices fell to their lowest point in over a week. The market is currently waiting for the US non-farm employment data. The US August ISM manufacturing PMI was 47.2, lower than the expected 47.5, but higher than the previous value. The US ISM manufacturing new orders index fell to its lowest since May 2023. The market's concerns about economic slowdown have been reignited.

Sheng Neng Group, which plummeted 98.4% yesterday, surged by more than 78% today. Sheng Neng Group announced this morning that it was informed by Otautahi Capital Inc. that a total of about 370 million shares (accounting for about 36.64%) were forcibly sold by securities companies in the open market through margin security accounts on September 3, 2024. According to the Hong Kong Securities and Futures Commission's investigation of highly concentrated equity, as of August 19, Otautahi Capital Inc. held 57.67% of the shares. Accordingly, the forcibly sold shares account for approximately 63.53% of its original total holdings.