---
title: "Hang Seng Index Opens 0.88% Lower, Hang Seng TECH Index Falls 1.11%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296720812.md"
description: "Alibaba drops over 8% after announcing its first share placement since listing in Hong Kong, raising HK$80 billion, all to be used for AI infrastructure. Risk Warning and Disclaimer: The market involves risks; invest with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investors bear full responsibility for their own investment decisions"
datetime: "2026-08-24T01:22:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296720812.md)
  - [en](https://longbridge.com/en/news/296720812.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296720812.md)
generator: "portal-rs"
---

# Hang Seng Index Opens 0.88% Lower, Hang Seng TECH Index Falls 1.11%

Alibaba drops over 8% after announcing its first share placement since listing in Hong Kong, raising HK$80 billion, all to be used for AI infrastructure.

Risk Warning and Disclaimer

The market involves risks; invest with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investors bear full responsibility for their own investment decisions.

### Related Stocks

- [BABA.US](https://longbridge.com/en/quote/BABA.US.md)
- [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md)
- [BABX.US](https://longbridge.com/en/quote/BABX.US.md)
- [BABO.US](https://longbridge.com/en/quote/BABO.US.md)
- [BABU.US](https://longbridge.com/en/quote/BABU.US.md)
- [BABW.US](https://longbridge.com/en/quote/BABW.US.md)
- [BBYY.US](https://longbridge.com/en/quote/BBYY.US.md)
- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md)
- [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md)
- [03032.HK](https://longbridge.com/en/quote/03032.HK.md)
- [03033.HK](https://longbridge.com/en/quote/03033.HK.md)
- [03067.HK](https://longbridge.com/en/quote/03067.HK.md)
- [07226.HK](https://longbridge.com/en/quote/07226.HK.md)
- [07552.HK](https://longbridge.com/en/quote/07552.HK.md)
- [07266.HK](https://longbridge.com/en/quote/07266.HK.md)
- [02800.HK](https://longbridge.com/en/quote/02800.HK.md)
- [03115.HK](https://longbridge.com/en/quote/03115.HK.md)
- [07200.HK](https://longbridge.com/en/quote/07200.HK.md)
- [07300.HK](https://longbridge.com/en/quote/07300.HK.md)
- [07500.HK](https://longbridge.com/en/quote/07500.HK.md)
- [89988.HK](https://longbridge.com/en/quote/89988.HK.md)
- [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md)

## Related News & Research

- [Shanghai Iluvatar CoreX to join Hang Seng Tech Index Sept. 7](https://longbridge.com/en/news/296765630.md)
- [HSCEI Constituents Unchanged in Quarterly Review; HSTECH To Add ILUVATAR COREX, Oust TONGCHENGTRAVEL](https://longbridge.com/en/news/296604162.md)
- [SoftBank plans $6.29 billion corporate bond issuance amid AI fundraising boom](https://longbridge.com/en/news/296729829.md)
- [Alibaba chair buys another 720,000 company HK shares](https://longbridge.com/en/news/296888632.md)
- [Alibaba Q2 Preview: Mixed setup ahead of earnings, high expectations from AI business](https://longbridge.com/en/news/296380137.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**