---
title: "Hong Kong Shares Trade in the Red"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287707313.md"
description: "The Hang Seng Index dropped 0.4% to approximately 25,480 in early trading, underperforming other Asian markets. Key laggards included Tencent (-0.3%), Alibaba (-0.9%), and CNOOC (-3.3%), while select tech stocks like Xiaomi (+0.2%) and Lenovo (+6.9%) saw gains."
datetime: "2026-05-27T02:40:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287707313.md)
  - [en](https://longbridge.com/en/news/287707313.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287707313.md)
---

# Hong Kong Shares Trade in the Red

The Hang Seng Index fell 0.4% to around 25,480 in early trading on Wednesday, following a largely flat session the day before.

The index lagged other Asian benchmarks, which were supported by renewed strength in tech stocks and hopes that the Middle East conflict could be moving toward a resolution, with the US signaling progress toward a potential peace agreement despite fresh hostilities.

Early laggards included Tencent (-0.3%), Alibaba (-0.9%), CNOOC (-3.3%), and AIA Group (-1.3%).

These losses were partly offset by gains in select technology and industrial names, with Xiaomi edging up 0.2%, Semiconductor Manufacturing International Corporation rising 3.7%, and Lenovo surging 6.9%.

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