{
  "id": 14166975,
  "title": "HK inches up as region feels cutting edge of tech fear",
  "url": "https://urgent.news/2026/10/13/hk-inches-up-as-region-feels-cutting-edge-of-tech-fear",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T09:22:05.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1873757-20261013.htm"
  },
  "original_language": "en",
  "account": "Hong Kong's stock market saw a slight recovery on Tuesday as AI-related shares across Asia pulled back from earlier losses, but the broader market still closed at its lowest level in over a year. The Hang Seng Index rose 74 points, or 0.3%, to 24,345, while the tech index fell 32 points, or 0.8%, to 4,136. The Shanghai Composite Index inched up 3 points, or 0.1%, to 3,800, and the China Enterprises Index rose 6 points, or 0.1%, to 8,174. On the mainland, the CSI300 Index recovered some losses to close down 0.3%, and the Shenzhen Component Index slipped 31 points, or 0.25%, to 12,353. The ChiNext Index rebounded from heavy morning losses to drop just 5 points, or 0.18%, and close at 2,958. Risk aversion persisted due to escalating tensions in the Middle East and higher global interest rates. Despite a 25.5% year-on-year rise in China's exports in September, economists' forecasts indicated that China's exports had further accelerated from the 25% growth seen in August. The CSI AI Index fell 0.3% after hitting a six-month low, while the CSI Semiconductor Index gained 0.5%, having lost more than 30% from July peaks. Notably, CXMT fell up to 5.3% to its lowest level since July, despite reports of progress on its memory-chip design. Analysts at Sinolink Securities suggested that while concerns about the fundamentals of these tech shares may not be fully priced in, the recent sharp correction may make it difficult for Chinese tech shares to rebound in the near term. New energy vehicle stocks declined after Beijing announced a reduction in the value-added tax export rebate, which could cut Chinese exports of hybrid cars to the European Union by more than half. Asian markets saw sharp declines on Tuesday as investors grew increasingly concerned about the sustainability of the rally in AI shares and rising competition. The Nikkei in Tokyo fell 1,253 points, or 1.82%, to 67,777, its fourth consecutive day of losses, while the Topix in Japan rose almost six points, or 0.14%, to 4,110. Seoul's Kospi plunged 348 points, or 5.46%, to 6,035, extending its losing streak to a fifth consecutive day, prompting a temporary trading halt due to concerns over intensified Chinese memory-chip competition.",
  "summary": "Hong Kong and mainland stocks recouped earlier losses on Tuesday as a selloff in AI-related shares across Asia subsided, but the blue-chip index across the border still finished at its lowest close in more than a year. The benchmark Hang Seng Index edged up 74 points, or 0.3 percent, to 24,345 on turnover of HK$187.57 billion. The tech index fell 32 points, or 0.8 percent, to 4,136 while the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}