Published on 10/07/2026 at 01:00 am EDT
(Reuters) - Hong Kong stocks fell on Wednesday, tracking broader weakness in Asian markets, as oil prices rose and big internet and biotech firms led the decline.
** Hong Kong benchmark Hang Seng slipped 0.5% by lunch break.
** The Hang Seng China Enterprises Index fell 0.7% while Hang Seng Tech lost 0.9%.
** "China (markets) stayed subdued despite policy support, as weak consumer demand and mixed industrial data offset selective interest in technology," Bassel Khatoun, head of research for Templeton Global Investments, said in a note.
** Hong Kong-listed Chinese tech firms were under selling pressure.
** AI developer Minimax and tech giant Alibaba dropped 5% and 3% respectively.
** Biotech firms dropped 2.7% after a jump in the previous session.
** Slowing economic activity pushed Hong Kong's S&P Purchasing Managers' Index down 0.3 to 49.2 in September, adding to the weak market sentiment.
** The index fell below the contraction-expansion threshold of 50 for a second straight month.
** China's onshore financial markets are closed from October 1 to October 7 for the National Day holidays. Trading will resume on October 8.
(Reporting by Summer Zhen; Editing by Rashmi Aich)

Sumber : Reuters