S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Hang Seng Index slipped 2.1%, or 533 points, to 25,473 on Monday, as technology stocks led the sell-off amid profit-taking and renewed concerns over the sector’s elevated valuations and heavy artificial-intelligence spending. Alibaba Group was a key focus after announcing a US$10.2 billion (HK$80 billion) Hong Kong share placement at a 3.6% discount to its previous close to fund its AI expansion, raising concerns over potential share dilution and the company’s substantial capital spending on AI infrastructure. Meanwhile, Shein officially launched the bookbuilding process for its Hong Kong IPO on Monday. The fast-fashion company is offering 280 million shares at HK$47.60 to HK$49.50 each, potentially raising around HK$13.9 billion (US$1.77 billion). Trading is expected to begin on September 1. Notable laggards included Tencent (-2.6%), Xiaomi (-3.6%), Z.AI Co. (-5.7%), MiniMax (-6.1%), and Meituan (-1.8%).
