---
title: "Hong Kong shares dip as HSBC loss weighs down market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285173117.md"
datetime: "2026-05-05T08:28:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285173117.md)
  - [en](https://longbridge.com/en/news/285173117.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285173117.md)
---

# Hong Kong shares dip as HSBC loss weighs down market

(Updates prices to market close)

SINGAPORE, May 5 (Reuters) - Hong Kong’s stock marketslipped on Tuesday with a drop in HSBC shares after a surprise loan loss dragging on the market, while mainland Chinese markets were closed for a holiday.

-   Hong Kong’s benchmark Hang Seng Index (.HSI) closed 0.76%lower at 25,889.61. HSBC (0005.HK) shares fell 5.2%.
-   HSBC (HSBC.L) reported an unexpected $400 million loss on private-credit loans linked to a fraud case in Britain.
-   The market mood was wary while a fragile Mideast ceasefire was in the balance as Iran and the U.S. launched new attacks and wrestled for control of the Strait of Hormuz.
-   Despite the backdrop, new listings are booming and Star Sports Medicine (1609.HK) stock finished its debut session nearly 120% higher than its offer price.
-   The China-based medical device company, which specialises in clinical sports medicine, raised HK$827.4 million ($105.62 million), with the Hong Kong public offering 7,823.13 times subscribed.
-   “The IPO market is still hot,” said Kenny Ng, a securities strategist at China Everbright Securities International.
-   Shares in battery-maker Contemporary Amperex Technology (3750.HK) led Hang Seng gains with a 3.7% rise.Last week CATL said it signed a three-year sales deal for sodium-ion batteries, a new technology that promises a safer, cheaper alternative to lithium-ion. HSBC led losses.
-   Regional trading volumes were subdued due to holidays in Japan and South Korea. MSCI’s Asia ex-Japan index slipped 0.3%. (MKTS/GLOB)
-   The offshore yuan (CNH=) held steady at 6.83 per dollar, even as other emerging market currencies around Asia slumped. It is the best-performing Asian currency against the greenback since the Middle East conflict erupted on February 28. (FRX/)
-   Mainland stock, bond, currency and commodity markets re-open on Wednesday.

($1 = 7.8349 Hong Kong dollars)

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