HSI1 24,657.06 -304.89 363.97B
HSCEI1 8,341.36 -95.27 98.64B
Back    Zoom +    Zoom - Block Traded
HSI Opens Down 67 pts; Mainland Crackdown on Cross-border Investment Drags HSBC HOLDINGS, AIA 1%+ Lower at Open
2026-06-05 09:31:28
The DJIA notched a record high overnight (4th), once skyrocketing 970 pts, with funds rotating into bank and healthcare insurance stocks. The Nasdaq rattled and edged down, while the S&P 500 rose 0.4%. Asia-Pacific markets came under pressure this morning (5th).

The HSI opened down 67 pts or 0.27% at 25,186. The HSCEI opened down 8 pts or 0.1% at 8,493. The HSTECH opened down 15 pts or 0.31% at 4,959.

The acute crackdown in Mainland China on cross-border investment spread to the insurance sector. HSBC HOLDINGS (00005.HK) opened down 1.78% at HKD143.800. AIA (01299.HK) fell 1.43%. PRU (02378.HK) opened at HKD103.4, down 4.26%.

Dotcom bellwethers were mixed. TENCENT (00700.HK), MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) opened about 0.5% higher, while NTES-S (09999.HK) sank 0.62%.

Among blue chips, CHOW TAI FOOK (01929.HK) opened 9.17% higher. XINYI GLASS (00868.HK) lost 2.34%. LENOVO GROUP (00992.HK) opened at HKD23.86, down a further 4.56%. HKEX (00388.HK) reported that IPO fundraising in 5M26 leaped 111% YoY, while its share price opened 0.5% lower this morning.
~

AASTOCKS Financial News
Website: www.aastocks.com