The Hong Kong Stock Exchange opened lower on Monday, with the Hang Seng briefly dropping to 25,698 before recovering slightly to trade around 25,771 (down 0.79%). Pressure was also seen in the China Enterprise Index, which fell to 8,988 (-1%) and the Technology Index to 5,553 (-1.49%). Transaction value on the main exchange was recorded at around HK$51.9 billion, indicating a relatively active market despite cautious sentiment.
This decline was primarily weighed down by major tech stocks: Tencent (-2%), Alibaba (-2.4%), Xiaomi (-1.9%), JD.com (-1.5%), and Kuaishou (-3.1%). Elsewhere, financial performance was mixed: HSBC declined, while AIA and Ping An rose. Property stock Vanke also suffered after investors failed to agree on a 2 billion yuan domestic bond extension, sending its shares down 3.2%. Amid the bear market, several gold mining stocks actually strengthened, with Zijin Gold International surging 5.2%. (az)
Source: Newsmaker.id
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