Market Updates
Rally in Tech Stocks Keeps Market Momentum Alive In Mainland China and Hong Kong
Li Chen
13 May, 2026
Hong Kong
China's indexes hugged the flatline, and investors reviewed the stalled peace process in the Middle East.
The Hang Seng Index declined 0.2%, the mainland-focused CSI 300 Index advanced 0.7%, and investors remained focused on corporate news.
The Brent crude oil prices decreased 1% to $106.10 a barrel, and prices remained elevated amid prolonged supply disruptions through the Strait of Hormuz.
A high-stakes summit between the leaders of China and the U.S. between May 14 and 15 is expected to cover several sensitive trade, military, and geopolitical issues.
However, investors are less enthusiastic about an immediate outcome that could lead to the reopening of the Strait of Hormuz.
China Indexes and Stocks
The Hang Seng Index decreased 0.2% to 26,286.79, and the mainland-focused CSI 300 Index rose 0.7% to 4,982.0.
Tech stocks erased some of the gains of the previous session, as investors booked profits.
Alibaba Group fell 0.4%, Tencent Holdings gained 1.2%, Baidu.com Inc. fell 1.6%, and Meituan advanced 4%.
Annual Returns
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Earnings
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