May 21 newsmissionbingo, the three major Hong Kong stock indexes opened lower and moved lower. As of the close of noon, the Hang Seng Index fell 2.5%.missionbingo.05%, at 19,234.33 points, the Hang Seng Technology Index fell 3.18%, and the State-owned Enterprise Index fell 1.94%. On the market, science and technology stocks fell generally, with Netease, Baidu, Jingdong, and Tencent falling more than 3%; auto stocks fell collectively, and the net profit of Ideal Q1 fell by more than 30% and the stock price fell by more than 19%; virtual currency concept stocks rose, and the United States will announce on Thursday Whether to approve the listing of the Ethereum ETF, Xinhuo Technology Holdings rose by more than 7%; gold, copper and other sectors pulled back one after another, with Shandong Gold (600547) falling by more than 6%; catering stocks fell by the top, with Hailunsi falling by more than 8%.
Auto stocks fell collectively, with Ideal Q1 net profit falling by more than 30%, and stock prices falling by more than 19%. Ideal Automobile released its latest quarterly results. Total revenue in Q1 in 2024 was 25.6 billion yuan, a year-on-year increase of 36.4%; net profit was 591 million yuan, a year-on-year decrease of 36.7%; adjusted net profit was 1.3 billion yuan, a year-on-year decrease of 9.7%; Ideal Automobile is expected to deliver 105000 to 110000 units in the second quarter; Ideal Automobile expects revenue in the second quarter to be 29.9 billion yuan to 31.4 billion yuan.
Virtual currency concept stocks rose, and Xinhuo Technology Holdings rose more than 7%. On the news front, the inflation data released by the United States last week injected a boost in the market to cut interest rates and triggered a crazy rise in a number of safe-haven assets; the cryptocurrency market was also affected by macro factors, and Bitcoin reversed its previous weakness and regained its footing.$70,000; on Thursday, the U.S. Securities and Exchange Commission will announce whether to approve the listing of the Ethereum ETF, and market sentiment is currently optimistic.