Stocks in Hong Kong Hit 15-week Low

The Hang Seng Index sink to 3.0%, or 717 points, to close at 22,935 on Thursday, putting Hong Kong stocks on track for their steepest daily decline in seven months as technology shares led a broad sell-off. Tencent fell 3.4%, while Alibaba plunged 6%, reflecting persistent pressure on heavyweight internet stocks. Sentiment was further dampened by weakness in mainland Chinese equities and rising geopolitical tensions in the Gulf, which pushed Brent crude above US$110 a barrel and heightened concerns over inflation and global risk appetite. Meanwhile, stronger-than-expected third-quarter growth in China reduced expectations for near-term policy support, despite continued weakness in domestic consumption. Investors are now awaiting Hong Kong’s September inflation data and unemployment figures, scheduled for release on Thursday, for further insights in the local economy’s performance. Other notable laggards included Lenovo (-11.8%), Xiaomi (-3.9%), Wuxi Biologics (-8.9), and SMIC (-6.4%).

The Hang Seng Index tumbled 2.1%, or 490 points, to 23,161 on Thursday, extending its decline as persistent weakness in technology and battery shares overshadowed gains in global markets. Sentiment remained under pressure following CATL's sharp selloff in the previous session after slower third-quarter profit growth amid fierce competition and weaker Chinese auto sales. However, Super Micro Computer's improved revenue outlook supported expectations for AI server demand, while technology services gained 2.67%. Attention now turns to Hong Kong's September inflation data and July-September unemployment figures, due later Thursday, for fresh indications of domestic economic conditions. Investors will also monitor corporate earnings and US interest-rate expectations for signs that could influence risk appetite. Notable laggards included Tencent (-2.1%), Lenovo (-4.9%), Xiaomi (-2.6%), AIA (-1.1%), and SMIC (-2.0%).

The Hang Seng Index fell 0.9%, or 216 points, to close at 23,652 on Wednesday, marking its lowest level since July 2026 as weakness in technology and battery stocks outweighed improved global sentiment. Selling pressure intensified after CATL plunged around 10% following slower third-quarter profit growth amid fierce competition and weaker Chinese auto sales. Technology shares remained under pressure amid concerns over the returns on heavy AI investment and elevated financing costs, despite renewed optimism over AI server demand following Super Micro Computer’s improved revenue outlook. Meanwhile, investors weighed China's economic outlook and the prospect of further policy support, while corporate earnings and US interest-rate expectations remained in focus. Other notable decliners included Pop Mart (-5.7%), Semiconductor Manufacturing International Corporation (-2.3%) and Tencent (-3.8%), while Lenovo (+2.9%) and Z.AI Co. (+2.0%) provided some support.