Hang Seng slips at the open as technology and financials weigh

18th November 2025 - (Hong Kong) Hong Kong equities softened at the start of trading, with the Hang Seng Index opening 212 points lower, down 0.8 per cent at 26,172. The China Enterprises Index retreated 66 points, or 0.71 per cent, to 9,261, while the Hang Seng Tech Index declined 72 points, or 1.25 percent, to 5,684, reflecting a cautious tone across growth counters.
Technology names led the pullback. Tencent eased 1.3 percent, Alibaba fell 1.1 percent and Meituan slipped 0.9 per cent. Xiaomi dipped 0.4 percent, JD.com was down 0.6 percent and Kuaishou lost 1.5 percent, indicating selective profit-taking as investors awaited clearer policy and earnings signals.
Financial heavyweights also traded softer, adding to the index pressure. HSBC Holdings decreased 0.9 percent, AIA weakened 1.2 per cent, Ping An Insurance declined 1.1 per cent and Hong Kong Exchanges and Clearing edged 0.9 per cent lower. The measured consolidation underscores investors' preference for stability and fundamentals as the market aligns with high-quality development and prudent risk management under a steady regional policy backdrop.

Sumber : dimsumdaily.hk