--- title: "According to the Hong Kong Daily News, the Hang Seng Index fell by 641 points; the Hang Seng Tech Index dropped by 243 points. Meituan fell by over 4%, Alibaba fell by over 4%, and Xiaomi Corporation fell by over 3%. Trading was active" description: "The Hang Seng Index closed at 25,247 points, down 641 points or 2.5%. The Hang Seng Tech Index reported 5,760 points, down 243 points or 4.1%. The total market turnover was HKD 314.624 billion. Major " type: "news" locale: "en" url: "https://longbridge.com/en/news/261573171.md" published_at: "2025-10-17T08:12:02.000Z" --- # According to the Hong Kong Daily News, the Hang Seng Index fell by 641 points; the Hang Seng Tech Index dropped by 243 points. Meituan fell by over 4%, Alibaba fell by over 4%, and Xiaomi Corporation fell by over 3%. Trading was active > The Hang Seng Index closed at 25,247 points, down 641 points or 2.5%. The Hang Seng Tech Index reported 5,760 points, down 243 points or 4.1%. The total market turnover was HKD 314.624 billion. Major stocks such as Meituan, Alibaba, and Xiaomi all experienced declines, with Meituan down 4.3%, Alibaba down 4.2%, and Xiaomi down 3.6%. Other individual stocks, such as BYD Electronics and Xinyi Solar, saw even larger declines, falling 8.1% and 6.8% respectively The Hang Seng Index closed at 25,247 points, down 641 points or 2.5%. The Hang Seng Tech Index reported 5,760 points, down 243 points or 4.1%. The National Index fell 247 points or 2.7%, closing at 9,011 points. The total market turnover was HKD 314.624 billion. Performance of active heavyweights: Meituan (03690.HK) closed at HKD 94.5, down 4.3%; Alibaba (09988.HK) closed at HKD 154.4, down 4.2%; Xiaomi Corporation (01810.HK) closed at HKD 45.96, down 3.6%; Ping An (02318.HK) closed at HKD 53.7, down 3.2%; Hong Kong Stock Exchange (00388.HK) closed at HKD 414, down 2.5%; Tencent (00700.HK) closed at HKD 608, down 1.9%; China Construction Bank (00939.HK) closed at HKD 7.62, unchanged; Movements in Hang Seng Index and National Index constituent stocks: BYD Electronics (00285.HK) closed at HKD 37.74, down 8.1%; Xinyi Solar (00968.HK) closed at HKD 3.43, down 6.8%; SMIC (00981.HK) closed at HKD 69.1, down 6.5%; China Life (02628.HK) closed at HKD 22.96, down 5.7%; JD Health (06618.HK) closed at HKD 60.75, down 5.4%; New Oriental (09901.HK) closed at HKD 43.24, down 5.4%; Sunny Optical (02382.HK) closed at HKD 76.2, down 5.2%; Chow Tai Fook (01929.HK) closed at HKD 16.52, up 5%; China National Pharmaceutical (01177.HK) closed at HKD 7.28, down 5%; Geely (00175.HK) closed at HKD 18.38, down 4.5%; Pop Mart (09992.HK) closed at HKD 275.4, down 4.4%; XPeng (09868.HK) closed at HKD 79.2, down 4.3%; Baidu Group - SW (09888.HK) closed at HKD 112.9, down 4.2%; WuXi Biologics (02269.HK) closed at HKD 35.16, down 4.1%; BYD Company (01211.HK) closed at HKD 103.2, down 4.1%; WuXi AppTec (02359.HK) closed at HKD 101.7, down 4.1%; Stone Pharmaceutical (01093.HK) closed at HKD 8.76, down 4.1%; Alibaba Health (00241.HK) closed at HKD 5.92, down 4%; Kuaishou - W (01024.HK) closed at HKD 72.95, down 4%; Li Auto (02015.HK) closed at HKD 84.95, down 3.8%; BeiGene (06160.HK) closed at HKD 183, down 3.7%; NetEase (09999.HK) closed at HKD 223.8, down 3.5%; JD Logistics (02618.HK) closed at HKD 12.07, down 3.1%; JD Group (09618.HK) closed at HKD 124.1, down 3.1%; Lenovo Group (00992.HK) closed at HKD 11.16, down 3%; Notable movements in small and mid-cap stocks: Zhongyu Energy (03633.HK) closed at HKD 4.03, up 25.9%; WuXi AppTec - B (02617.HK) closed at HKD 203, up 22.2%; HuiJu Technology (01729.HK) closed at HKD 12.95, down 13%; ZTE (00763.HK) closed at HKD 37.5, down 12.8%; Black Sesame Intelligence (02533.HK) closed at HKD 19.86, down 11.3%; China General Nuclear Power Corporation Mining (01164.HK) closed at HKD 3.42, down 11.2%; FIT HON TENG (06088.HK) closed at HKD 5.46, down 10.3%; ### Related Stocks - [MPNGY.US - Meituan](https://longbridge.com/en/quote/MPNGY.US.md) - [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md) - [XIACY.US - Xiaomi Corporation](https://longbridge.com/en/quote/XIACY.US.md) - [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md) - [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Alibaba unveils new Qwen3.5 model for 'agentic AI era' | Alibaba has launched its new AI model, Qwen 3.5, which is designed for independent task execution and boasts significant | [Link](https://longbridge.com/en/news/276045126.md) | | Alibaba Stock Forecast Ahead of Q3 Earnings – Here's What to Expect | E-commerce giant Alibaba (BABA) is set to report fiscal Q3 2026 results soon, with analysts expecting earnings of $1.68 | [Link](https://longbridge.com/en/news/276325421.md) | | U.S. Removes List Linking Alibaba, Baidu to China Military | The Pentagon added several Chinese companies, including Alibaba and Baidu, to its Section 1260H list, linking them to Ch | [Link](https://longbridge.com/en/news/275920712.md) | | U.S. withdraws Chinese military backed companies list-Federal Register | WASHINGTON, Feb 13 (Reuters) - The Trump administration on Friday withdrew an updated version of its list of Chinese mil | [Link](https://longbridge.com/en/news/275920026.md) | | PNC Financial Services Group Inc. 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