Hang Seng Index Falls 136 Points as Semiconductor Stocks Swing
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30 October 2026, Ming Pao daily economic report: The Hang Seng Index fell 136 points yesterday to close at 22,958 points, with turnover of $189.4 billion. Semiconductor stocks led US shares higher on Wednesday night but pulled back sharply after hours under the influence of Alphabet and software stocks, with the Philadelphia Semiconductor ETF down more than 2 per cent in pre-market trading. A-shares fell sharply again, with the ChiNext Index down 4.4 per cent, fully erasing Wednesday's gains. Hong Kong stocks were supported by mainland bank stocks, while AI concept stocks fell across the board. The report also mentioned that chip competition benefits manufacturers and that TSMC can be bought on dips.
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- 明報·每日經濟Cheung Siu Chung: Chip Competition Benefits Manufacturers, Buy TSMC on Dips
The Hang Seng Index fell 136 points yesterday to close at 22,958 points, with turnover of $189.4 billion. Semiconductor stocks led US shares higher on Wednesday night, but pulled back sharply after hours under the influence of Alphabet and software stocks, with the Philadelphia Semiconductor ETF down more than 2 per cent in pre-market trading. A-shares fell sharply again, with the ChiNext Index down 4.4 per cent, fully erasing Wednesday's gains, while Hong Kong stocks were supported by mainland bank stocks as AI concept stocks fell across the board.
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