The Hang Seng falls 3.03% in a day of widespread losses

The Hang Seng falls 3.03% in a day of widespread losses

The benchmark index of the Hong Kong Stock Exchange, the Hang Seng , closed with losses of 3.03% on a day in which it was learned that the consumer price index (CPI), the main indicator of inflation in China, increased by 1.5% year-on-year in March, beating analysts’ predictions.

The selective lost 663.71 points to 21,208.30, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises , fell 3.76%.

All the sub-indices registered losses: Services fell 0.86%; Financial, 1.8%; and Real Estate and Commerce and Industry were the worst unemployed after falling 2.27% and 4.29%, respectively.

Chinese digital giants had a day to forget, with Tencent (HK: 0700 ) down 4.32% and Alibaba (NYSE: BABA ) and Meituan each down 5.1% and 5.75%.

No stock rose by more than 1%, with conglomerate CKH Holdings (HK: 0001 ) (0.79%) and diaper maker Hengan International (HK: 1044 ) (0.68%) making the biggest gains.

The most notorious losses corresponded to the Haidilao restaurant chain, which fell by 9.63%, and the real estate management company CG Services (-9.1%).

The trading volume of the day was 122,280 million Hong Kong dollars (15,601 million dollars, 14,304 million euros).

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