---
title: "\"Hong Kong Stocks\" The Hang Seng Index fell 340 points in the half-day session, technology stocks were under pressure, and pharmaceutical stocks were in demand"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265843862.md"
description: "The Hong Kong Hang Seng Index fell 340 points in the first half of the day, with technology stocks under pressure and pharmaceutical stocks in demand. After the U.S. government shutdown ended, Federal Reserve officials made hawkish remarks, leading to a sell-off in technology stocks. Tencent's third-quarter earnings exceeded expectations, but its stock price fell by 0.9%. JD.com's stock price dropped by 5.6% due to a 56% decline in its third-quarter net profit. JD Health's earnings grew by nearly 60%, and its stock price rose by 6.8%. Baidu's stock price fell by 7.2%, making it the worst-performing blue-chip stock"
datetime: "2025-11-14T04:17:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265843862.md)
  - [en](https://longbridge.com/en/news/265843862.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265843862.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265843862.md) | [繁體中文](https://longbridge.com/zh-HK/news/265843862.md)


# "Hong Kong Stocks" The Hang Seng Index fell 340 points in the half-day session, technology stocks were under pressure, and pharmaceutical stocks were in demand

The U.S. federal government has ended its longest shutdown in history, followed by Federal Reserve officials adopting a hawkish stance, leading to another sell-off in tech stocks. The Dow Jones Industrial Average fell 1.7% and the Nasdaq dropped 2.3% overnight. Hong Kong stocks opened lower this morning, following the external market, down 412 points to a low of 26,660. The decline then narrowed to 191 points, reaching 26,881, and closed at 26,732 points, down 340 points or 1.3%; the Hang Seng Index fell 132 points or 1.4%, closing at 9,466 points; the Hang Seng Tech Index dropped 131 points or 2.2%, closing at 5,849 points. The total turnover of the market for the half-day was HKD 125.015 billion.

Tencent (00700.HK) reported a non-IFRS net profit increase of 18% to RMB 70.551 billion in the third quarter, exceeding expectations, but its stock price fell 0.9% to HKD 650. Bilibili (09626.HK) saw its non-GAAP net profit increase 2.3 times year-on-year to RMB 787 million in the third quarter, with its stock price down 1.8%.

JD.com (09618.HK) saw its stock price drop 5.6% to HKD 117.4. The company's non-GAAP net profit in the third quarter fell 56% year-on-year to RMB 5.8 billion, which was better than expected. However, Nomura cited JD.com's management indicating that retail revenue for fiscal year 2025 is expected to grow by about 10%, and retail operating profit is expected to grow by nearly 20%. This implies that revenue and operating profit for the fourth quarter of this year will decline by about 5% and 23% year-on-year, respectively, while the market had originally expected JD.com's retail revenue in the fourth quarter to grow by about 5% year-on-year and operating profit to grow by about 10%.

In the same group, JD Health (06618.HK) reported a nearly 60% year-on-year increase in non-IFRS operating profit in the third quarter, with its stock price rising 6.8% to HKD 68.9, making it the best-performing blue-chip stock. JD Logistics (02618.HK) reported a net profit of RMB 2.03 billion in the third quarter, down 7.9% year-on-year, with its stock price falling 3.9%.

In other tech stocks, Baidu (09888.HK) fell 7.2% to HKD 117.1, making it the worst-performing blue-chip stock. Alibaba (09988.HK) dropped 3.4%, with Alibaba Cloud announcing a price reduction for the Tongyi Qianwen 3-Max model. Meanwhile, Xiaomi (01810.HK), NetEase (09999.HK), Kuaishou (01024.HK), Meituan (03690.HK), and Lenovo Group (00992.HK) each fell between 1.8% and 2.7%. In the chip sector, SMIC (00981.HK) fell 0.8%, with its third-quarter net profit attributable to shareholders rising 28.9% year-on-year to USD 192 million.

In the financial sector, HSBC (00005.HK) fell 0.7%, Hong Kong Exchanges and Clearing (00388.HK) dropped 2%, and AIA (01299.HK) fell nearly 2%. In the automotive sector, Li Auto (02015.HK) fell 2.1%, and XPeng (09868.HK) dropped 5.2%. Nio (09866.HK) fell 3.5% Pharmaceutical stocks are in demand, with Hansoh Pharmaceutical (03692.HK) rising 2.5% against the trend, CSPC Pharmaceutical (01093.HK) up 1.3%, and China National Pharmaceutical Group (01177.HK) also up 1.2%.

According to reports, Link REIT (00823.HK) plans to spend AUD 1.5 billion to acquire interests in three shopping centers in Australia, with its stock price down 0.2% for the half-day. Country Garden (02007.HK) proposed a restructuring that may involve issuing mandatory convertible bonds, new shares, and SCA warrants, with its stock price flat for the half-day

### Related Stocks

- [Tencent Holdings Limited (TCEHY.US)](https://longbridge.com/en/quote/TCEHY.US.md)
- [Tencent Holdings Limited (TCTZF.US)](https://longbridge.com/en/quote/TCTZF.US.md)
- [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md)
- [JD HEALTH (06618.HK)](https://longbridge.com/en/quote/06618.HK.md)
- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md)

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