Hang Seng Falls 1.2% at Close

2026-01-08 08:23 By Farida Husna 1 min. read

The Hang Seng dropped 310 points, or 1.2%, to finish at 26,149 on Thursday, sustaining losses from the prior session as most sectors declined.

Sentiment was hit by a steep drop in U.S.

futures and strong selloffs in U.S.-listed, China-focused funds Wednesday.

Caution also grew before China’s December CPI and PPI data Friday, with deflation risks still in play.

Financials dipped 1.5%, mirroring weakness in mainland peers as investors booked profits following a recent rebound.

Hong Kong’s tech index fell around 1.0% despite reports that Beijing had asked domestic firms to halt orders for Nvidia’s H200 chips and was expected to mandate local AI chip purchases.

In contrast, property stocks rose 1% after China's central bank signaled its readiness to lower borrowing costs this year and roll out counter-cyclical measures to support the economy.

Major laggards included Sands China (-4.1%), China Reinsurance (-3.9%), Meituan (-3.6%), Kuaishou Tech (-3.0%), and Techtronic Industries (-1.7%).



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