Hong Kong Stocks End Lower on Final October Trading Day; BYD Slips on Weaker Earnings

Published on 10/31/2025 at 04:38 am EDT
(MT Newswires) -- Hong Kong equities fell on Friday, the last trading day of October, following data showing a further decline in China's manufacturing activity.
The Hang Seng Index slipped 376.04 points, or 1.4%, to 25,906.65, while the Hang Seng China Enterprises Index dropped 178.28 points, or 1.9%, to 9,168.58.
China's factory activity contracted for a seventh straight month in October, pressured by weaker new export orders as earlier front-loading to avoid U.S. tariffs tapered off.
The official manufacturing purchasing managers' index fell to 49.0 from 49.8 in September, the National Bureau of Statistics said Friday, marking a six-month low and missing economists' forecast of 49.6 in a Reuters poll.
Meanwhile, the Hong Kong Monetary Authority lowered its base rate by 25 basis points to 4.25%, in step with the U.S. Federal Reserve's overnight rate cut.
It was the second rate reduction this year, following a similar move in September. The U.S. central bank on Wednesday trimmed its benchmark rate by a quarter of a percentage point to a target range of 3.75% to 4.00%, as expected.
In corporate news, BYD closed more than 3% lower after posting a 33% decline in attributable profit in the third quarter.
Meanwhile, Weichai Power advanced over 4% after posting a year-on-year rise in third-quarter profit.

Sumber : Reuters