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Hong Kong shares fall after Lunar New Year break, tech drops

Hong Kong shares fall after Lunar New Year break, tech drops

Jd Health International, Inc.February 20, 20263
Hong Kong shares fall after Lunar New Year break, tech drops

About this update from Jd Health International, Inc.

Hong Kong shares fell on Friday as the local market reopened after the three-day Lunar New Year break, with technology stocks leading the slide, though oil shares provided some support as concerns of conflict between the U.S. and Iran sent crude prices higher.Traders said investors stayed away from technology stocks on concern over geopolitical tension between China and the U.S. and as a Chinese regulator stepped in to warn against competition among platform operators.China's humanoid robots-related stocks climbed as the robots took centre stage for Lunar New Year showtime in the annual CCTV Spring Festival gala on Monday, showcasing the country's cutting-edge industrial policy and Beijing's push to dominate humanoid robots and the future of manufacturing.** The Hang Seng Index HSI:HSI ended down 1.1% at 26,413.35, while the Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Index HSI:HSCEI, fell 1.22% to 8,959.56.** The top gainer on the Hang Seng was PetroChina SSE:601857, up 3.7%, while the biggest loser was JD Health International Inc HKEX:6618, which fell 6.27%. ** The top gainers among H-shares were BeOne Medicines AG SSE:688235, up 4.18%, followed by PetroChina SSE:601857 and CSPC Pharmaceutical HKEX:1093, which was up 2.63%.** The three biggest H-shares percentage decliners were JD Health International, Baidu Inc NASDAQ:BIDU, which lost 6.25% and Alibaba Group NYSE:BABA, down by 4.91%.** Humanoid robots-related stocks climbed with Zhejiang Sanhua Intelligent Controls SZSE:002050 up 5.6% while Shanghai MicroPort MedBot HKEX:2252 climbed 3.7%. Chinese artificial intelligence startup Knowledge Atlas Technology HKEX:2513 soared 42.72%.

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