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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 16:44:43 The State Taxation Administration earlier reminded offshore trust taxpayers to declare and pay individual income tax on relevant gains, with the filing and tax payment deadline due today (22nd). Hong Kong stocks extended losses this morning. After opening nearly 140 points lower, the market decline widened to nearly 700 points in the morning session, with the HSI falling below the 23,000 mark. Selling pressure intensified in the afternoon session, with the HSI once dropping 772 points to a more than three-month low of 22,879. The index closed at 22,934, down 717 points or 3.03%. Main board turnover increased to HKD256.051 billion for the day. The HSCEI closed at 7,689, down 254 points or 3.2%, while the HSTECH closed at 3,793, marking its lowest closing level in more than two years, down 200 points or 5.03%. Technology stocks were among the major drags on the market. China's State Administration for Market Regulation convened a symposium urging e-commerce platforms to strengthen quality control. BABA-W (09988.HK) and JD-SW (09618.HK) lost their "red-chip" stock status, with BABA-W (09988.HK) closing at HKD97.35, down 6.12%, and JD-SW (09618.HK) closing at HKD98.3, down 4.28%. KUAISHOU-W (01024.HK) also fell 4.49%. TENCENT (00700.HK), which lost the HKD400 mark yesterday, continued to hit new lows today, closing down 2.89% at HKD382.4, the lowest level in more than one and a half years. NTES (09999.HK) closed down 6.53% after Nomura forecast weak gaming performance in 3Q26. MEITUAN-W (03690.HK) fell 4.55%, while XIAOMI-W (01810.HK) dropped 3.73%. CATL (03750.HK) continued to face selling pressure after earnings, falling another 7.24% and losing the HKD350 mark. Other lithium battery-related stocks were also under pressure, with GANFENGLITHIUM (01772.HK) down 3.29%, CALB (03931.HK) down 4.3%, and TIANQI LITHIUM (09696.HK) down 3.65%. New energy vehicle stocks traded lower, with BYD COMPANY (01211.HK) plunging 5.27%, GEELY AUTO (00175.HK) falling 2.82%, while GWMOTOR (02333.HK) and XPENG-W (09868.HK) each dropped more than 4%. LI AUTO-W (02015.HK) slumped more than 5%. LENOVO GROUP (00992.HK) was the worst-performing HSI constituent, closing at HKD23.16, down 10.92%, amid reports that the company is seeking a USD2 billion syndicated loan. Among other blue chips, CMOC (03993.HK) fell 6.74%, LAOPU GOLD (06181.HK) dropped 4.18%, while BOC HONG KONG (02388.HK) and CHINA LIFE (02628.HK) each declined more than 2%. Chip stocks weakened, with HUA HONG GRACE (01347.HK) plunging 9.46%, while SMIC (00981.HK) dropped 6.25%, MONTAGE TECH (06809.HK) fell 5.79%, and ILUVATAR COREX (09903.HK) declined 8.8%. Among AI concept stocks, Z.AI (02513.HK) closed down 7.1%, while MINIMAX-W (00100.HK) fell 6.5% to HKD160.7, below its IPO price of HKD165. Optical communication stocks also moved lower, with YOFC (06869.HK) plunging 11.79% and ZJ INNOLIGHT (03308.HK) down 7.3%. PCB stocks retreated, with KINGBOARD HLDG (00148.HK) and KB LAMINATES (01888.HK) dropping 8.72% and 9.35%, respectively. Pharmaceutical stocks came under selling pressure. INNOVENT BIO (01801.HK) and WUXI BIO (02269.HK) closed down more than 8%, while HANSOH PHARMA (03692.HK) fell 7.33%, SBP GROUP (01177.HK) dropped nearly 7%, and WUXI APPTEC (02359.HK) fell 6%. AKESO (09926.HK) declined 9.6%. BeiGene (061610.HK) fell 2.9%. Among individual stocks, REALORD TECH (01196.HK) plunged nearly 90% to close at HKD0.275, with turnover surging to HKD1.473 billion after the company was removed from the Shenzhen-Hong Kong Stock Connect eligible securities list by the Shenzhen Stock Exchange. BLOKS (00325.HK) slumped 21.38% after its controlling shareholder reduced its stake. ROBOSENSE (02498.HK) fell 8.54% after the company extended a one-year RMB20 million loan to its chairman and directors for tax-related arrangements. (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. | |