Hong Kong Stocks Trim Early Losses

2026-09-14 02:02 By Nicole Aliyah 1 min. read

The Hang Seng Index rose 0.5%, or 112 points, to close at 24,918 on Monday, trimming from earlier losses after three consecutive sessions of declines.

Investors remained cautious amid renewed concerns over higher oil prices and the outlook for global interest rates.

Renewed tensions in the Middle East pushed crude prices higher, raising concerns over inflation and of tighter monetary policy.

Tech stocks remained under pressure, with AI-related shares particularly weak following a broader selloff in Asian AI stocks.

Z.AI Co. plunged 7.1%, while MiniMax fell 4.5%, as investors reacted to concerns over the pace of advanced-AI development after Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and xAI CEO Elon Musk called for greater caution around the industry's rapid expansion.

Z.AI's decline came despite the company recently raising around US$5 billion through a HK share placement and convertible bonds.

Notable movers included Tencent (0.7%), Lenovo (3.5%), and Xiaomi (2.7%).



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