Published on 08/14/2025 at 04:44 am EDT
(MT Newswires) -- Hong Kong stocks ended lower Thursday as markets analyzed financial results and digested news of a property developer suspending offshore debt payments.
The Hang Seng Index fell marginally 94.35 points, or 0.37%, to 25,519.32, while the Hang Seng China Enterprises Index dropped 21.12 points, or 0.23%, to 9,128.93.
Road King Infrastructure (HKG:1098) became the first Hong Kong developer to default on bond payment since China's 2021 property crisis after it suspended all principal and interest payments on its offshore bank debt, notes, and perpetual securities, according to Reuters.
The development reportedly underscores risks in the domestic property sector amid rising debt maturities and slowing sales.
In corporate news, Lenovo Group (HKG:0992, HKG:80992) closed 6% lower even as the computer maker reported a more than doubling of its fiscal first quarter profit year on year.
Meanwhile, Samsonite International (HKG:1910) was 3% higher despite reporting a 30% drop in its H1 profit.

Sumber : MT Newswires