Hong Kong stocks retreat as technology sector leads market decline

14th November 2025 - (Hong Kong) Hong Kong's equity markets opened significantly lower on Friday, with the benchmark Hang Seng Index declining by 412 points to conclude a four-day upward trend. The technology sector demonstrated particular weakness during the morning session, leading the broader market downward.
The Hang Seng Index commenced trading at 26,660 points, representing a 1.52 per cent decrease from the previous close. The Hang Seng Tech Index recorded a more substantial decline of 2.22 per cent, falling 132 points to 5,848 points. Similarly, the Hang Seng China Enterprises Index dropped by 1.66 per cent to reach 9,439 points.
Technology shares faced considerable selling pressure following recent earnings releases. Tencent Holdings declined by 1.6 per cent post-results, while Alibaba Group decreased by 3.4 per cent. JD.com fell by 2.9 per cent after reporting earnings, with Kuaishou Technology and Xiaomi Corporation registering declines of 2.3 per cent and 2 per cent respectively.
The financial sector also demonstrated weakness, with HSBC Holdings retreating by 0.8 per cent and AIA Group declining by 2.2 per cent. Ping An Insurance of China dropped by 1.4 per cent, while Hong Kong Exchanges and Clearing decreased by 1.5 per cent.
Semiconductor manufacturers experienced additional pressure, with SMIC declining by 1.7 per cent following its earnings report and Hua Hong Semiconductor falling by 3.6 per cent.

Sumber : dimsumdaily.net