Hang Seng Index extends losses for fifth consecutive session as tech stocks decline

10th October 2025 - (Hong Kong) Hong Kong's equity market commenced trading on Friday with notable declines, as the benchmark Hang Seng Index retreated by 228 points, representing a 0.85 per cent decrease to open at 26,523 points. This downward movement marks the fifth consecutive trading session of declines for the primary indicator.
The market weakness extended across major indices, with the Hang Seng China Enterprises Index falling 89 points (0.93 per cent) to 9,440 points. The technology sector demonstrated particular vulnerability as the Hang Seng Tech Index dropped 90 points, equivalent to a 1.39 per cent decline, settling at 6,380 points during early trading activity.
Technology shares registered broad-based declines, with industry leaders including Tencent Holdings and Alibaba Group recording decreases of 0.9 per cent and 2.4 per cent respectively. Meituan declined by 1 per cent, while Xiaomi Corporation and JD.com saw reductions of 1 per cent and 2.2 per cent respectively. Kuaishou Technology also experienced a 1.2 per cent retreat during the morning session.
Financial equities similarly displayed negative momentum, with HSBC Holdings declining 0.3 per cent and AIA Group retreating 0.2 per cent. Ping An Insurance Group registered a 0.9 per cent decrease, while Hong Kong Exchanges and Clearing Limited fell by 1 per cent in line with the broader market trend.

Sumber : dimsumdaily.hk