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| HSI1 | 23,093.37 | +158.69 | 249.78B |
| HSCEI1 | 7,756.25 | +67.06 | 87.14B |
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2026-10-22 12:43:15 Hong Kong stocks extended losses this morning (22nd). After opening nearly 140 pts lower, the market decline widened to more than 600 pts in the morning session, with the index falling below the 23,000 level and hitting an intraday low of 22,952, the lowest in more than three months. The HSI closed the half-day at 22,971, down 679 pts or 2.87%, with main board turnover reaching HKD127.453 billion. The HSTECH closed at 3,809, hitting another more than two-year low, down 185 pts or 4.64%. The HSCEI closed at 7,695, down 248 pts or 3.12%. Tech stocks led the decline after the State Administration for Market Regulation convened a meeting urging e-commerce platforms to strengthen quality controls. BABA-W (09988.HK) and JD-SW (09618.HK) lost their HKD100 share status. BABA-W (09988.HK) closed the morning at HKD97.55, down 5.93%, while JD-SW (09618.HK) closed at HKD97.9, down 4.67%. TENCENT (00700.HK), after falling below the HKD400 level yesterday, extended losses by 3.35% this morning to a new low since early last year. NTES (09999.HK) dropped 6.84% after Nomura expected weak gaming performance in 3Q26. MEITUAN-W (03690.HK) fell 4.22%, while XIAOMI-W (01810.HK) lost 3.88%. CATL (03750.HK) continued to face post-results selling pressure, falling 5.81% and slipping below HKD350. Other lithium battery-related stocks were also under pressure, with GANFENGLITHIUM (01772.HK) down 0.62% and CALB (03931.HK) down 3.93%. New energy vehicle stocks weakened, with BYD COMPANY (01211.HK) dropping 4.08%, GEELY AUTO (00175.HK) down 2.82%, while GWMOTOR (02333.HK) and XPENG-W (09868.HK) each fell more than 3%. LI AUTO-W (02015.HK) slumped 5%. LENOVO GROUP (00992.HK) tumbled 8.77%, making it the worst-performing blue chip, after reports said the company is seeking a USD2 billion syndicated loan. The three major oil stocks were under pressure, with CNOOC (00883.HK) down 4.18%, while PETROCHINA (00857.HK) and SINOPEC CORP (00386.HK) each fell more than 1%. Among blue chips, only MIDEA GROUP (00300.HK) bucked the trend, edging up 0.1% by midday. Chip stocks weakened, with HUA HONG GRACE (01347.HK) plunging 7.48% and SMIC (00981.HK) falling 4.84%. Major financial stocks were broadly weak, with CHINA LIFE (02628.HK), BOC HONG KONG (02388.HK) and BANK OF CHINA (03988.HK) all dropping more than 2%, while HSBC HOLDINGS (00005.HK) fell 0.41% and AIA (01299.HK) declined 1.1%. Healthcare and biotech stocks saw notable declines. WUXI BIO (02269.HK) plunged 7.13%, INNOVENT BIO (01801.HK) dropped 6.17%, while HANSOH PHARMA (03692.HK) and SBP GROUP (01177.HK) each fell more than 5%. WUXI APPTEC (02359.HK) and CSPC PHARMA (01093.HK) each dropped more than 4%. AKESO (09926.HK) slumped 8.5%. Among AI concept stocks, KNOWLEDGE ATLAS (02513.HK) CEO Zhang Peng-related company Z.AI (02513.HK) fell 8.67%, while MINIMAX-W (00100.HK) dropped 6.52%. Optical communication stocks also moved lower, with YOFC (06869.HK) falling 10.28% and ZJ INNOLIGHT (03308.HK) down 8.77%. PCB stocks declined sharply, with KINGBOARD HLDG (00148.HK) and KB LAMINATES (01888.HK) dropping 6.98% and 7.39%, respectively. Among individual stocks, BLOKS (00325.HK) plunged more than 20% after its controlling shareholder reduced holdings by nearly 3.85 million shares, cashing out about HKD250 million. ROBOSENSE (02498.HK) fell 6.72% after the company provided RMB20 million one-year loans to its chairman and directors for tax handling purposes. SHIMAO GROUP (00813.HK) cratered 21.67% after a foreclosed hotel property in Tung Chung was sold for HKD2.7 billion, with the deal expected to complete before year-end. (mn/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |