The Hang Seng fell for the second straight session on Monday, dropping 183 points or 0.7% to finish at 26,958. Trading was subdued due to a cautious mood ahead of a local break in Hong Kong on Tuesday, while mainland markets were still closed for the Golden Week. Sentiment was also weighed by political risks in Europe, following reports of the French Prime Minister's abrupt resignation. The decline was broad-based, led by the tech and consumer sectors, which each dipped around 1%. Notable losers included Galaxy Ent. (-3.1%), Techtronic Inds. (-2.8%), and Trip.com (-2.3%). EV stocks also retreated sharply, with Li Auto (-3.4%), Geely Auto (-2.1%), and XPeng (-1.8%) all declining. Capping the downside was a further growth in Hong Kong's private sector activity, albeit at a moderating pace. Bucking the negative trend, gold miners rallied strongly as bullion prices hit a record high. Shandong Gold Mining (5.2%), Zijin Gold Intl. (7.3%), and Zhaojin Mining (3.2%) all posted strong gains.
Sumber: Newsmaker.id
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