Thursday, 11 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Shares in Hong Kong tumbled 486 points or 2.1% to 22,460 on Thursday morning session
Thursday, 20 February 2025 10:05 WIB | HANGSENG |HONGKONG

Shares in Hong Kong tumbled 486 points or 2.1% to 22,460 on Thursday morning session, marking the second session of decline amid a pullback in US futures as investors analyzed US President Trump's proposed levies of about 25% on autos, chip, and drug imports. Markets moved further away from their highest in over four months, hit earlier in the week, after the latest FOMC meeting minutes showed Fed officials were ready to hold interest rates steady due to stubborn US inflation and economic policy uncertainty. Mitigating further weakness, the PBoC's monthly fixing on its key lending rates today kept them at record lows for the fourth consecutive month amid yuan fluctuations and global trade headwinds. All sectors suffered deep losses, with the Hang Seng Tech index experiencing the largest drop of over 3% due to persistent profit-taking in tech stocks. Among large caps, steep losses were seen for KuaishoTech (-7.2%), Meituan (-6.3%), KE Holdings (-4.0%), and Semicon Manufacturing (-3.9%).

Meanwhile,at yesterday trade Hang Seng Index (HSI) declined sharply on Wednesday, losing nearly 500 points during the session and slipping below the 22,500 level. The downturn came amid reduced market turnover, which totalled HK$260 billion, as investor sentiment weakened. In contrast, U.S. equity markets saw modest gains overnight, while Japan's Nikkei Index dropped over 400 points early on Thursday, falling below the 39,000 mark. In the commodities market, New York gold futures rose 0.73% during Asian trading hours.

As of 10.38am, the Hang Seng Index was trading at 22,496.20, down 448.04 points or 1.95% for the day.

Earlier in the session, the index had fallen as much as 493 points to reach 22,450, with a turnover of HK$103.6 billion. Leading the losses were tech giants Kuaishou Technology (1024) and Meituan (3690), which plunged 6.4% and 6.3%, respectively. Other notable decliners included Alibaba Group (9988), Semiconductor Manufacturing International Corporation (0981), China Overseas Land & Investment (0688), and New Oriental Education (9901), all of which dropped more than 3%.

The selloff reflects ongoing concerns over the global economic outlook and the performance of major Chinese tech firms, which continue to face regulatory and operational headwinds.

Source: trading Economi & Dimsumdaily.HK

RELATED NEWS
Fed Rate Cut Bets and AI Optimism Send Hang Seng to 4-Year High ...
Wednesday, 10 September 2025 15:39 WIB

The Hang Seng Index surged 262 points, or 1%, to close at 26,200 on Wednesday, rallying for a fourth straight session to a four-year high, driven by gains across all sectors. The index followed Wall S...

Hang Seng Index surges past 26,000 points following strong performance from Alibaba...
Wednesday, 10 September 2025 10:16 WIB

The Hang Seng Index opened higher today, gaining 104 points to reach 26,042, before extending its rise by 227 points, or 0.87%, to settle at 26,165. This marks the index's fourth consecutive day of in...

Hang Seng Soars, Ends at Four-Year Peak ...
Tuesday, 9 September 2025 15:35 WIB

The Hang Seng Index rose 304 points, or 1.2%, to close at 25,938 on Tuesday (September 9), extending its gains for a third session and reaching a four-year high thanks to broad sector strength. Sentim...

Hong Kong Shares Rally to 4-Year High...
Tuesday, 9 September 2025 10:03 WIB

Hong Kong stocks jumped 358 points or 1.4% to 25,988 in early deals on Tuesday, rising for the third straight session to their highest level since October 2021 as all sectors advanced. Optimism from W...

Hang Seng Rises 0.9% At Close ...
Monday, 8 September 2025 15:29 WIB

The Hang Seng index rose 216 points, or 0.9%, to close at 25,634 on Monday, extending its gains for a second session. Sentiment was boosted by US index futures, which indicated a rally on Wall Street,...

LATEST NEWS
Fed seen on course for rate cuts after PPI data

The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures...

European Stocks Close Slightly Lower

European stocks closed mostly lower on Wednesday with losses from tech, consumer defensive companies, and miners as markets continued to assess the outlook on global rates and geopolitical risk. The Eurozone's STOXX 50 closed dropped 0.2% to 5,378...

Israel will kill Hamas leaders next time if they survived Qatar attack, Israeli official says

If Israel failed to kill Hamas leaders in an air strike on Qatar on Tuesday, it would succeed next time, the Israeli ambassador to the United States said after the operation, which raised concerns it would torpedo efforts to secure a ceasefire in...

POPULAR NEWS
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week
Tuesday, 9 September 2025 04:05 WIB

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...

Russian Forces Attack Power Plant In Kyiv Region, Ukraine's Energy Ministry Says
Monday, 8 September 2025 17:12 WIB

Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...

European shares end higher amid all eyes on French no-confidence vote
Tuesday, 9 September 2025 01:52 WIB

European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...