Hong Kong's Hang Seng Index closed down 0.9% on Monday, with mainland Chinese stocks rising, but the financial sector fell due to the Ministry of Finance's $54 billion capital injection plan.
Hong Kong's Hang Seng Index closed down 237 points, or 0.9%, at 25,413 on Monday. Mainland Chinese stock markets saw gains, with the Shanghai Composite Index rising slightly by 0.07% to 3,932 points, and the Shenzhen Component Index increasing by 1.91% to 13,774 points. The technology sector performed strongly, with the ChiNext Index up 3.41%, the chip sector up 3.4%, and the CSI 5G Communication Index rising over 6%. However, the insurance sector fell 2.6% and the banking sector dropped 1.5% following news that China's Ministry of Finance will lead a $54 billion capital injection into state-owned insurance companies and banks to boost the financial system's capital.
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Source:RTHK财经即时 · Source Link
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