Market Updates
Hong Kong Indexes Dropped Amid Valuation Worries and Unresolved Trade Tensions
Li Chen
08 Oct, 2025
Hong Kong
Stocks in Hong Kong traded down amid worries about the stretched valuation of tech stocks and potential bubble formation.
The Hang Seng Index decreased 1%, the Hang Seng Tech Index declined 1.4%, and investors sold artificial intelligence-linked stocks.
Financial markets in mainland China are scheduled to reopen on Thursday after a weeklong public holiday.
Markets were under pressure, and tech stocks reflected overnight trading in New York, as investors worried that AI trade has become more circular.
In addition, the U.S. federal government shutdown entered its second week, and lawmakers remained far apart in bridging their differences and in finalizing a short-term budget.
Moreover, non-fiat assets continued to advance due to political uncertainties in the U.S., the European Union, and Japan.
Gold jumped 0.8% to $4,018 an ounce amid sustained global buying as central banks lighten their holdings of the U.S. Treasury notes.
Hong Kong Indexes and Stock Movers
The Hang Seng Index fell by 1% to 26,673.57, while the Hang Seng Tech Index dropped by 1.4%.
Alibaba Group Holding decreased 2.9% to HK$175.20, Tencent Holdings declined 2.4% to HK$674.50, and Meituan dropped 2.6% to HK$102.90.
BYD edged up 1.8% to HK110.0, Li Auto decreased 1.3% to HK$95.05, and Xpeng Inc. added 1.8% to HK$92.30.
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