---
title: "Hong Kong stocks opened down 124 points, falling below 22,000. LUK FOOK HOLD rose over 6.5%, while Alibaba fell over 3% again"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290897418.md"
description: "The Hong Kong Hang Seng Index opened down 124 points at 22,952 points, falling below the 22,000 mark. LUK FOOK HOLD rose over 6.5% due to better-than-expected earnings, while LY iTECH, KEYTOP PARKING, and other stocks surged significantly. Alibaba's stock price fell more than 3% again. The total market turnover was HKD 6.786 billion"
datetime: "2026-06-26T01:33:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290897418.md)
  - [en](https://longbridge.com/en/news/290897418.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290897418.md)
---

# Hong Kong stocks opened down 124 points, falling below 22,000. LUK FOOK HOLD rose over 6.5%, while Alibaba fell over 3% again

The Hong Kong stock market's Hang Seng Index opened down 124 points or 0.54%, at 22,952. The Hang Seng Tech Index opened down 34 points or 0.78%, at 4,371 points; the Hang Seng China Enterprises Index opened down 34 points or 0.78%, at 4,371 points.

The total market turnover was HKD 6.786 billion.

Image source: LUK FOOK HOLD

LUK FOOK (00590) reported better-than-expected results, opening up 6.56%, at HKD 21.78.

LY iTECH (01688) rose 6.09%, at HKD 10.8, leading in turnover; KEYTOP PARKING (02272) opened up 178.38%, at HKD 110.1; ChipMOS TECHNOLOGIES (09630) rose 73.7%, at HKD 439; SINGAMAS LOGISTICS (03661) rose 23.36%, at HKD 105.1; ZHONGKE WENGE (01956) rose 81.22%, at HKD 110. MERDERA GOLD (06228) remained unchanged at HKD 26.6.

CITIC RESOURCES (01205) rose 10.64%, at HKD 0.52, entering the top 20 in turnover.

Alibaba (09988) fell again by 3.16%, at HKD 92

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