China indexes Dropped 1%, Three New Issues Soared In HK and Beijing

Li Chen
10 Oct, 2025
Hong Kong

Stocks in China and Hong Kong traded down amid a growing list of worries, including unresolved trade tensions and stretched tech valuations. 

The Hang Seng Index decreased 1.1%, and the mainland-focused CSI 300 index declined 1.3% as investors shifted focus on the start of the earnings season. 

China's market decline reflected the weakness in tech stocks in overnight trading in New York. 

Investors remained cautiously optimistic about stocks in China amid hopes that policymakers could announce additional fiscal stimulus measures in early November. 

The weaker-than-expected increase during a weeklong Golden Week holiday in retail and catering sales kept market enthusiasm in check. 

Persistent weakness in the residential market, elevated youth jobless rates, and consumer confidence are providing additional headwinds to the stock market rally in China and Hong Kong. 

 

China Indexes and Stocks 

The Hang Seng Index decreased 1.1% to 26,442.67, and the mainland-focused CSI 300 index dropped 1.3% to 4,650.58.  

For the week, the Hang Seng index decreased nearly 3%, but the CSI 300 index advanced 1.6%. 

Golden Leaf International Group soared more than 470% to HK $2.83, and the building services engineering company completed its public offering. 

The company sold 100 million shares, priced at 50 HK cents each, and raised net proceeds of HK$ 31.30 million. 

Shanghai Zhida Technology Development jumped 180% to HK $189.40, and the company completed its public offering in Hong Kong. 

The company that makes home EV chargers sold 5.79 million shares priced at HK $66.92 each, and it raised net proceeds of HK $326.6 million. 

OMS Machinery surged 330% to 36.05 yuan in Beijing, and the maker of air conditioning and heat exchanger machinery priced its offering at 10.70 yuan per share.