"Hong Kong Stocks" Hang Seng Index closed down 188 points, Baidu fell nearly 3%, commodity stocks weakened

AASTOCKS
2025.11.17 08:32

The Hang Seng Index opened 130 points lower, with the initial decline narrowing to 40 points, reaching a high of 26,531 points. In the afternoon, the decline expanded to 320 points, hitting a low of 26,252 points. The index closed down 188 points or 0.7% at 26,384 points; the National Index fell 69 points or 0.74% to close at 9,328 points; the Hang Seng Tech Index dropped 55 points or 1% to 5,756 points. The total market turnover for the day was HKD 217.613 billion.

In the tech sector, Alibaba (09988.HK) closed flat at HKD 154.9, Tencent (00700.HK) fell 0.7%, and Meituan (03690.HK) rose 0.3%. Xiaomi (01810.HK) and Kuaishou (01024.HK), which are set to announce earnings this week, fell 0.9% and 0.4%, respectively, while Baidu (09888.HK) dropped 3%. Additionally, JD.com (09618.HK) and NetEase (09999.HK) fell 1.3% and 0.5%, respectively, and Bilibili (09626.HK) declined 1.9%. Dongfang Zhenxuan (01797.HK) fell 4.2%, while Zhongruan (00354.HK) rose 4.4%.

In the mobile components sector, Sunny Optical (02382.HK), Lens Technology (06613.HK), and QiuTai (01478.HK) fell between 2.5% and 3.1%. PC manufacturer Lenovo Group (00992.HK) dropped 3.9%. In the chip sector, SMIC (00981.HK) fell 0.7%, while HuaHong (01347.HK) rose 0.4%.

CATL (03750.HK) fell 3%, Sanhua Intelligent Control (02050.HK) dropped 0.7%, and Hongteng (06088.HK) declined 3.5%. In the automotive sector, Li Auto (02015.HK) and XPeng (09868.HK) fell 2.5% and 2.7%, respectively, while BYD (01211.HK) rose 0.1%. Autonomous driving developer Pony.ai (02026.HK) increased by 5.4%, while autonomous driving chip stock Horizon Robotics (09660.HK) fell 4.1%. Lithium stocks Ganfeng (01772.HK) and Tianqi (09696.HK) rose 9% and 5.7%, respectively.

The Ministry of Culture and Tourism reminded Chinese tourists to avoid traveling to Japan recently, leading travel platforms TONGCHENGTRAVEL (00780.HK) and Trip.com (09961.HK) to drop 1.6% and 3.6%, respectively, while airline stocks China Eastern Airlines (00670.HK) rose 2.8%. Movie stocks Damai Entertainment (01060.HK) and Maoyan (01896.HK) fell 4.6% and 5.4%, respectively. Pharmaceutical stocks were weak, with Kanglonghua (03759.HK) and CanSino (06185.HK) dropping 4.2% and 4%, respectively, while China National Pharmaceutical (01177.HK) and WuXi Biologics (02269.HK) fell 3% and 2.9% Commodity stocks fell, with Zijin Mining (02899.HK), Shandong Gold (01787.HK), China Gold International (02099.HK), and Zhaojin Mining (01818.HK) dropping 2.7% to 3.3%. Among resource stocks, Aluminum Corporation of China (02600.HK) and Jiangxi Copper (00358.HK) fell over 2%, while China Minmetals (01208.HK), Hongqiao Group (01378.HK), and Luoyang Molybdenum (03993.HK) dropped 3.1% to 4.4%.

In the financial sector, HSBC (00005.HK), Hong Kong Exchanges and Clearing (00388.HK), and AIA Group (01299.HK) fell 0.7% to 1.3%

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer