Hang Seng slips as Alibaba drops on placement and financials diverge
Monday, August 24, 2026       09:15 WIB

24th August 2026 - (Hong Kong) The Hang Seng Index opened 229 points lower at 25,780 before sliding 338 points, or 1.3 per cent, to 25,671, pausing a five-day advance. The Hang Seng China Enterprises Index eased 110 points, or 1.28 per cent, to 8,523, while the Hang Seng Tech Index lost 99 points, or 2.08 per cent, to 4,666. Turnover reached about HK$35.3 billion. Heavyweights in technology pulled the market back. Alibaba fell 8.5 per cent following a share placement, with Tencent Holdings down 2.2 per cent, Meituan off 2.5 per cent, Xiaomi slipping 2.4 per cent, JD.com lower by 2.0 per cent and Kuaishou weakening 1.9 per cent.
Financials were mixed. HSBC Holdings dipped 0.8 per cent, Hong Kong-based insurer AIA Group edged up 0.2 per cent, Ping An Insurance added 0.7 per cent and Hong Kong Exchanges and Clearing eased 0.6 per cent. Among index changes, recent blue-chip entrant Hua Hong Grace Semiconductor rose 0.1 per cent, while Weichai Power fell 1.9 per cent. Tianshu Zhixin, slated for inclusion in the Hang Seng Tech Index, slipped 1.4 per cent.

Sumber : Dimsumdaily.hk