Hang Seng Erases Early Gains, Ends Slightly Lower

2025-12-23 08:37 By Chusnul Chotimah 1 min. read

The Hang Seng dropped 28 points, or 0.1%, to close at 25,774 on Tuesday, reversing early gains led mainly by tech stocks and snapping a four-session winning streak.

The decline followed a 3.5% fall in shares of Kuaishou Technology after media reports said the Chinese short-video platform experienced a sudden surge in explicit content due to a cyberattack on Monday.

The stock plunged as much as 6%, its biggest one-day percentage drop since October 14, before closing down 3.5%.

The company confirmed it had experienced a cyberattack on Monday night and said in a statement on Tuesday that it had activated its emergency response plan.

However, losses were capped by a rise in US futures as tech sectors continued to recover from a volatile streak, with renewed optimism around AI-related shares fueling a rally on Wall Street.

Other decliners included WuXi AppTech, China Unicom, Tencent Holdings, and JD Health International, each falling 2.0%, while Hansoh Pharmaceutical Group lost 1.9%.



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