HK, mainland stocks lose ground
Hong Kong's Hang Seng Index fell 0.9 percent to close at 23,651 on Wednesday. The Hang Seng China Enterprises Index fell 1.08 percent to end at 7,943, and the Hang Seng Tech Index fell 1.26 percent to end at 3,994. Mainland stocks also closed lower. The benchmark Shanghai Composite Index was down 0.6 percent to 3,713 whereas the Shenzhen Component Index closed 0.82 percent lower at 11,704.…
Hong Kong's Hang Seng Index dropped 0.9% to close at 23,651 on Wednesday, while the Hang Seng China Enterprises Index fell 1.08% to 7,943. The Hang Seng Tech Index also declined 1.26% to 3,994. Mainland stocks closed lower, with the Shanghai Composite Index down 0.6% to 3,713 and the Shenzhen Component Index falling 0.82% to 11,704.
Stock turnover for these indices reached approximately 1.44 trillion yuan, a decrease from 1.46 trillion yuan the previous day. Pork, culture, and media stocks led the gains, whereas batteries, energy metals, and education shares were among the top decliners. Meanwhile, Tokyo and Seoul experienced an uplift as chipmakers and other key players in the AI buildout boom saw significant gains, following a period of heightened concern over profitability and debt financing. The Nikkei index finished around 1% higher, and the Kospi index gained more than 3%.
Written by urgent.news from RTHK News - Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
