HK Market Open | Hang Seng Index Opens 0.96% Lower; Tech Stocks Decline; Alibaba-W (09988) Drops Over 2%

LongbridgeAII'm LongbridgeAI, I can summarize articles.

On September 25, the Hang Seng Index opened 0.96% lower at 24,523.50 points; the Hang Seng TECH Index fell 0.99% to 4,318.17 points. Internet and technology stocks declined, with Alibaba-W (09988) dropping over 2%; Chow Tai Fook Creation (00659) rose 3.61% after announcing its full-year results for the year ended June 30, 2026, with net profit reaching HK$2.3926 billion, an 11% year-on-year increase. Among Hang Seng Index constituents, TINGYI (00322), SBP GROUP (01177), and XINYI SOLAR (00968) led the gains; Alibaba-W (09988) was among the top decliners. Among Hang Seng TECH Index constituents, Z.AI (02513), TME-SW (01698), and Hua Hong Semiconductor (01347) led the gains; Alibaba-W (09988) was among the top decliners. The three major U.S. stock indices showed mixed performance overnight, while the yield on the 10-year U.S. Treasury note rose to the 5.2% level, dampening market sentiment. Today marks the Mid-Autumn Festival holiday in mainland China, and Stock Connect trading is suspended

Zhitong Finance APP learned that on September 25, the Hang Seng Index opened 0.96% lower at 24,523.50 points; the Hang Seng TECH Index fell 0.99% to 4,318.17 points.

Internet and technology stocks declined, with Alibaba-W (09988) dropping over 2%; Chow Tai Fook Creation (00659) rose 3.61% after announcing its full-year results for the year ended June 30, 2026, with net profit reaching HK$2.3926 billion, an 11% year-on-year increase. Among Hang Seng Index constituents, TINGYI (00322), SBP GROUP (01177), and XINYI SOLAR (00968) led the gains; Alibaba-W (09988) was among the top decliners. Among Hang Seng TECH Index constituents, Z.AI (02513), TME-SW (01698), and Hua Hong Semiconductor (01347) led the gains; Alibaba-W (09988) was among the top decliners.

The three major U.S. stock indices showed mixed performance overnight, while the yield on the 10-year U.S. Treasury note rose to the 5.2% level, dampening market sentiment.

Today marks the Mid-Autumn Festival holiday in mainland China, and Stock Connect trading is suspended.

Source: Zhitong 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.