On November 4, both A-shares and Hong Kong shares experienced a downturn. The three major indices of A-shares collectively fell, with the turnover in the Shanghai and Shenzhen stock markets shrinking by 191.4 billion yuan. Hong Kong stocks also sought lower levels, as the Hang Seng Index once again fell below the 26,000 point mark.
At the close, the Shanghai Composite Index fell by 0.41% to 3,960.19 points, the Shenzhen Component Index dropped by 1.71% to 13,175.22 points, and the ChiNext Index decreased by 1.96% to 3,134.09 points. The total turnover in Shanghai and Shenzhen was only 1.9158 trillion yuan, down by 191.4 billion compared to the previous day.
Out of a total of 1,630 listed companies, 67 saw their stock prices hit the daily limit up, while 3,650 stocks witnessed declines. Stocks related to lithium batteries, gold, innovative medicine, robotics, computational hardware, photovoltaics, and consumer electronics sector were among the top decliners. However, the Fujian sector bucked the trend with gains. Concepts related to ice and snow economy, as well as strength in banking stocks were observed.
Real-time monitoring data from Wind showed that more than 4.9 billion yuan of main funds flowed into the banking sector, while media and light industrial manufacturing sectors received over 1 billion yuan of net inflow each. Environmental protection, textile and apparel, social services, agriculture and forestry sectors also saw billions of yuan of net inflows. On the other hand, the electronics industry experienced net outflows of more than 7.8 billion yuan in main funds, while pharmaceuticals, non-ferrous metals sectors recorded net outflows exceeding 5 billion yuan each. The power equipment, automobile, and computer industries also saw net outflows of over 3 billion yuan, with defense and military, communication, and food and beverage industries experiencing net outflows exceeding 2 billion yuan each.
Simultaneously, the three major indices of Hong Kong stocks also experienced a collective decline. The Hang Seng Index fell by nearly 250 points at one point during the trading session, but managed to narrow the decline by the closing, yet it still dropped below the 26,000 point level.
At the close, the Hang Seng Index fell by 205.96 points or 0.79% to 25,952.4 points, the Hang Seng TECH Index dropped by 104.19 points or 1.76% to 5,818.29 points, and the state-owned enterprise gauge fell by 85.52 points or 0.92% to 9,173.21 points.
In terms of stock performance, tech-related companies saw more declines than gains, with Xiaomi, JD.com, Kuaishou, Bilibili, Alibaba, and Meituan falling by over 2%, while NetEase and Lenovo dropped by over 1%, and Baidu rose by more than 2%. Domestic banking stocks were active, with China Everbright Bank rising by over 3%. Apple concept stocks led the decliners, with Qutai Technology falling by over 11%, and gold-related stocks generally saw declines, with Tongguan Gold dropping by over 6%.