HSI Index Falls 392 Points, Longfor Properties Down 16 Percent, Cathay Pacific Posts Interim Loss

HSI Index Falls 392 Points, Longfor Properties Down 16 Percent, Cathay Pacific Posts Interim Loss
Hang Seng Index at end of the trading day on Aug. 10, 2022. Bill Cox/The Epoch Times
Updated:

Hong Kong Hang Seng Index fell 392 points on Aug. 10, Longfor July sales contracted 26 percent month-on-month, and the stock price collapsed by more than 16 percent. Cathay Pacific called for lifting entry quarantine restrictions as soon as possible.

The Hang Seng Index opened 46 points lower on July 10, then the decline continued to decline during the morning session, and even more strongly in the early afternoon, but recovered towards the end of the day. The high of the day was minus 46 points, the lowest of the day fell 534 points, and the final close at 19,610 points, down 392 points (or 2.0 percent), with a turnover of HK$89.2 billion (US$113 billion). The H-Share Index fell 2.2 percent, and the HSI Tech Index fell 3.0 percent.