The Hang Seng Index started the day with a decline of 135 points, or 0.53%, settling at 25,531 points. The China Enterprises Index dropped 41 points, or 0.45%, to 9,216 points, while the Hang Seng Tech Index fell 29 points, or 0.51%, to 5,713 points. Technology stocks faced downward pressure, with Kuaishou sliding by 1.57%, Alibaba dropping 1%, Tencent falling 0.9%, and Trip.com Group losing 0.39%. Xiaomi Group recorded a marginal decline of 0.09%, while Meituan remained unchanged.
Financial stocks showed a mixed trend. AIA Group saw the largest drop, down 1.89%, followed by Ping An Insurance, which declined 0.45%. Hong Kong Exchanges and Clearing fell by 0.27%, and HSBC Holdings dipped 0.78%, though it maintained its position above the HK$100 mark.
Source: Dimsumdaily
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