Hong Kong Stocks Fall Below 23,000 Points as Tech Index Hits More Than Two-Year Low
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29 October 2026 was futures index settlement day, and Hong Kong stocks moved lower amid volatility. The Hang Seng Index closed at 22,958 points, down 136 points or about 0.6 per cent, falling below the 23,000-point mark again, with main board turnover exceeding $189.4 billion. The Technology Index closed at 3,744 points, down more than 2.8 per cent, hitting another more than two-year low; JD Group, Tencent, Meituan and Alibaba fell nearly 2 per cent to nearly 3 per cent. Chip and AI-related shares pulled back sharply, with MINIMAX, Lenovo Group, Zhipu, Hua Hong and Tianshu Zhixin down nearly 7 per cent to nearly 9 per cent.
Generated by AI from reporting · updated 2 hours ago
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- 香港電台·即時本地Hong Kong Stocks Close 136 Points Lower, Lose 23,000 Level Again; Tech Index Falls Over 2.8% to Fresh More Than Two-Year Low
Hong Kong stocks moved lower in choppy trade on index futures settlement day, with the Hang Seng Index closing at 22,958 points, down 136 points or about 0.6 per cent, losing the 23,000 mark again, while main board turnover exceeded $189.4 billion. The tech index closed at 3,744 points, down more than 2.8 per cent to a fresh more than two-year low, with JD.com, Tencent, Meituan and Alibaba falling nearly 2 per cent to nearly 3 per cent. Chip and AI-related shares pulled back sharply, with MINIMAX, Lenovo Group, Zhipu, Hua Hong and Tianshu Zhixin falling nearly 7 per cent to nearly 9 per cent.
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