China and HK Indexes Deepen Losses Amid Receding Risk Appetite

Li Chen
18 Nov, 2025
Hong Kong

Stock market indexes in China and Hong Kong traded down, reflecting weakness in overnight trading in New York.

The Hang Seng index decreased 1.4%, and the mainland-focused CSI 300 index fell 1.2% as investors reassessed risk appetite for high-priced AI-linked stocks. 

Stocks fell for the third consecutive session ahead of Nvidia's earnings on Wednesday and a key U.S. labor market update on Thursday.

Nvidia's quarterly results are likely to surpass market expectations on revenue, earnings, and operating margin; however, investors may sell stock after results amid growing caution.  

The U.S. Bureau of Labor Statistics is scheduled to release September nonfarm payrolls on Thursday, and the delayed monthly labor market update could support the Fed's view of keeping rates unrevised at its next policy meeting in early December. 

Closer to home, investors continued to avoid high-flying Internet and AI stocks amid worries about the elevated capital spending for data centers and intense domestic competition.

 

China Indexes and Stocks 

The Hang Seng index decreased 1.4% to 26,022.36, and the CSI 300 index fell 1.2% to 4,587.80.

Alibaba Group Holding increased 1.2% to HK $157.0, Tencent Holdings added 0.8% to HK $631.50, and Baidu Inc. declined 1.5% to HK $112.0. 

Electric vehicle makers Li Auto, Xiaomi, and BYD declined between 1% and 4% amid rising risks of electric batteries catching fire. 

China Hongqiao Group decreased 5.4% to HK $30.52, and the aluminum maker said it sold 400 million shares for a price of HK $29.20 a share. 

Three companies listed their shares in China amid strong interest from investors.

Xiamen Hengkun New Materials Technology jumped more than 280% to 57.97 yuan after the company's share began trading in Shanghai. 

Bgrimm Mtc Technology soared over 300% to 27.89 yuan, and the non-ferrous mineral testing company listed its stock on the Beijing Stock Exchange. 

CSG Digital Power Grid Research Institute advanced 224% to 18.51 yuan, and the company owned by China Southern Power Grid commenced trading on the Shenzhen Stock Exchange.