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Ivan, a reporter from China Fund News

On August 6, the US stock market fell sharply overnight. The Hong Kong stock market opened high and fell today, and remained volatile in the afternoon. Only the Hang Seng Technology Index rose slightly. As of the close, the Hang Seng Index fell 0.31% to 16647.34 points; the Hang Seng Technology Index rose 0.09% to 3342.52 points; and the China Enterprises Index fell 0.41% to 5852.61 points.

On the market, education stocks exploded throughout the day, with New Oriental-S up more than 10%, Excellence Education Group and China Education Holdings up more than 8%; pharmaceutical outsourcing concept stocks were collectively strong, with GenScript Biotech up more than 9%; catering leaders led the gains, with Parkson China up more than 10% and Helens up more than 6%. Technology stocks rose and fell, with Alibaba and Lenovo up more than 1%, NetEase down more than 2%, and Meituan down more than 1%;

On the other hand, insurance stocks were weak, with China Pacific Insurance falling more than 10%. Relevant sources said that the company's fundamentals were normal and believed that changes in overseas markets were one of the important reasons for the stock price decline. Gold stocks fell, with Zhaojin Mining and Shandong Gold falling more than 3%.

Education stocks exploded

New Oriental-S rose more than 10%

On August 6, education stocks were strong throughout the day, with New Oriental-S up 10.76%, Sikao Education up 9.63%, Excellence Education Group up 8.47%, China Education Holdings up 8.10%, Lide Education up 7.69%, China Education & Technology Group up 6.52%, Chalk up 6.32%, and China Oriental Education up 5.44%.

On the news front, the State Council recently issued the "Opinions on Promoting the High-quality Development of Service Consumption", which proposed to promote colleges and universities, scientific research institutions, and social organizations to open up high-quality educational resources to meet the diversified and personalized learning needs of the general public. Promote the improvement of the quality and efficiency of vocational education and build high-level vocational schools and majors. The market believes that this policy was launched in the context of facing up to the needs of education and training, which undoubtedly brought positive signals to the industry. In addition, a number of leading education companies have recently announced their latest operating results, showing signs of performance recovery, which further raised market expectations.

Pharmaceutical outsourcing concept stocks have the highest growth rate

GenScript Biotech rose more than 9%

On August 6, pharmaceutical outsourcing concept stocks rose. GenScript Biotech rose 9.41%, Zai Lab rose 6.68%, WuXi AppTec rose 6.17%, Tigermed rose 5.41%, Akeso rose 5.15%, WuXi Biologics rose 3.06%, BeiGene rose 2.57%, and WuXi Hepharm rose 2.47%.

On the news front, Shanghai issued the "Several Opinions on Supporting the Innovation and Development of the Entire Chain of the Biomedicine Industry" on July 30, which included: vigorously improving innovation source capabilities, promoting clinical resources to better empower industrial development, promoting further acceleration of review and approval, accelerating the application and promotion of innovative products, strengthening services for enterprises and support for industrialization, strengthening investment and financing support, releasing the value of data element resources, and promoting the internationalization of the industry. It introduced 37 policy measures in eight areas.

Editor: Xiaomo

Audit: Wooden Fish

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