---
title: "The Hang Seng Index closed at 23,262 points, down 190 points; the Hang Seng Tech Index closed at 5,267 points, down 30 points. Alibaba fell over 5%, while NetEase, China Mobile, and Nexperia hit new highs"
description: "The Hang Seng Index closed at 23,262 points, down 190 points or 0.8%; the Hang Seng Tech Index reported 5,267 points, down 30 points or 0.6%. Alibaba fell over 5%, while major stocks such as Meituan, "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/240496424.md"
published_at: "2025-05-16T04:12:02.000Z"
---

# The Hang Seng Index closed at 23,262 points, down 190 points; the Hang Seng Tech Index closed at 5,267 points, down 30 points. Alibaba fell over 5%, while NetEase, China Mobile, and Nexperia hit new highs

> The Hang Seng Index closed at 23,262 points, down 190 points or 0.8%; the Hang Seng Tech Index reported 5,267 points, down 30 points or 0.6%. Alibaba fell over 5%, while major stocks such as Meituan, Ping An, and Tencent also declined. NetEase, China Mobile, and Nexperia hit new highs, rising 13.1%, 0.8%, and 10.5%, respectively

The Hang Seng Index closed at 23,262 points, down 190 points or 0.8%. The Hang Seng Tech Index reported 5,267 points, down 30 points or 0.6%. The National Index fell 70 points or 0.8%, closing at 8,438 points.

Performance of active heavyweight stocks:

Alibaba (09988.HK) closed at HKD 122.1, down 5.3%;

Meituan (03690.HK) closed at HKD 131.5, down 2.9%;

Ping An (02318.HK) closed at HKD 45.8, down 1.8%;

Tencent (00700.HK) closed at HKD 510.5, down 1%;

China Construction Bank (00939.HK) closed at HKD 6.88, down 0.7%;

AIA (01299.HK) closed at HKD 65.5, down 0.5%;

Hong Kong Stock Exchange (00388.HK) closed at HKD 378.8, up 0.4%;

Movements in the Hang Seng Index and National Index constituent stocks:

NetEase (09999.HK) closed at HKD 190.1, up 13.1%, hitting a new high;

CSPC Pharmaceutical (01093.HK) closed at HKD 5.93, up 3.9%;

China National Pharmaceutical Group (01177.HK) closed at HKD 4.05, up 3.8%;

Hang Seng Bank (00011.HK) closed at HKD 106.7, down 3.8%;

Xinyi Solar (00968.HK) closed at HKD 2.49, down 3.1%;

China Mobile (00941.HK) closed at HKD 85.9, up 0.8%, hitting a new high;

Movements in comprehensive small and medium-sized stocks:

Nexteer Automotive (01316.HK) closed at HKD 6.32, up 10.5%, hitting a new high;

### Related Stocks

- [600941.CN - China Mobile](https://longbridge.com/en/quote/600941.CN.md)
- [00941.HK - CHINA MOBILE](https://longbridge.com/en/quote/00941.HK.md)
- [MPNGY.US - Meituan](https://longbridge.com/en/quote/MPNGY.US.md)
- [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md)
- [TCEHY.US - Tencent](https://longbridge.com/en/quote/TCEHY.US.md)
- [TCTZF.US - Tencent Holdings Limited](https://longbridge.com/en/quote/TCTZF.US.md)
- [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md)
- [00939.HK - CCB](https://longbridge.com/en/quote/00939.HK.md)
- [00968.HK - XINYI SOLAR](https://longbridge.com/en/quote/00968.HK.md)
- [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.