Hong Kong Stocks Sink to One-Year Low

The Hang Seng Index fell 305 points, or 1.3%, to 23,106 on Thursday, retreating from gains in the previous session and touching its lowest level since June 2025, as investors remained cautious ahead of Hong Kong’s trade balance data. Still, losses were partly tempered by strength in technology shares after Micron Technology issued a stronger-than-expected forecast and highlighted robust AI-driven demand for memory chips, boosting sentiment across the semiconductor sector. Meanwhile, lower oil prices, driven by signs of increasing supply and progress in US-Iran peace negotiations, helped ease inflation concerns. Investors also monitor strong southbound inflows from mainland China, which have been supporting Hong Kong equities amid a revival in IPO activity. Notable losers included Tencent (-2.0%), Meituan (-3.5%), Xiaomi (-3.8%), Trip.com (-7.8%), and Pop Mart International (-3.2%).

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