Tech companies listed in the US weigh down the Hang Seng in the face of the “Didi case”

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Shanghai (China), Dec 3 (EFE) .- The benchmark index of the Hong Kong stock market, the Hang Seng, closed today with slight losses of 0.09% in a session marked by the fall of technology stocks, especially of those that are also listed on Wall Street.

Investors reacted with fears to the decision by Didi, the “Chinese Uber,” to pull out of the New York stock market just six months after forcing its debut despite alleged opposition from the Chinese authorities, who opened a cybersecurity investigation – yet active- against the company for “national security” reasons.

Although Didi indicated that its withdrawal from the New York Stock Exchange will be followed by an alternative share offering in Hong Kong, the Hang Seng did not show much optimism, losing 22.24 points to 23,766.69.

Deeper were the losses in the index that measures the performance of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises (-0.6%).

Mixed sign between the sub-indices, with Finance (0.95%) and Real Estate (0.16%) in green, and Services (0.08%) and Trade and Industry (0.85%) in red.

In the latter, the digital giants suffered the most: Tencent fell 2.32%; Meituan, 2.66%, and Alibaba, 2.61%, which today closed at its lowest price since it debuted in Hong Kong in 2019 and which so far this year has already yielded almost 48% of its courage in the face of his apparent problems with the Chinese authorities.

Much better did the popular restaurant chain Haidilao (+ 7.18%), financial titles such as banking giants HSBC (+1.93%) and ICBC (+1.4%), and real estate companies such as CK Asset ( +1.22%).

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And, among the Chinese state oil companies, Petrochina (2.04%) and Sinopec (1.94%) rose, and Cnooc fell (1.15%).

The business volume of the session was 165,910 million Hong Kong dollars (21,295 million dollars, 18,862 million euros).

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