--- title: "HK Market Open | Hang Seng Index Opens 0.96% Lower; Tech Stocks Decline; Alibaba-W (09988) Drops Over 2%" type: "News" locale: "en" url: "https://longbridge.com/en/news/300091707.md" description: "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" datetime: "2026-09-25T01:51:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300091707.md) - [en](https://longbridge.com/en/news/300091707.md) - [zh-HK](https://longbridge.com/zh-HK/news/300091707.md) generator: "portal-rs" --- # HK Market Open | Hang Seng Index Opens 0.96% Lower; Tech Stocks Decline; Alibaba-W (09988) Drops Over 2% 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. ### Related Stocks - [TME.US](https://longbridge.com/en/quote/TME.US.md) - [01698.HK](https://longbridge.com/en/quote/01698.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [01177.HK](https://longbridge.com/en/quote/01177.HK.md) - [00322.HK](https://longbridge.com/en/quote/00322.HK.md) - [00968.HK](https://longbridge.com/en/quote/00968.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.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) - [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) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [HSI Down 679 pts; HSTI Down 185 pts; BABA Down over 5%; MEITUAN Down over 4%; XIAOMI Down over 3%](https://longbridge.com/en/news/302645220.md) - [HSI Closes Midday at 23,784, Down 83 pts; HSTI Closes Midday at 4,015, Down 30 pts; CATL Down over 10%; FAMEGLOW, CRYSTAL INTL Hit New Highs](https://longbridge.com/en/news/302502019.md) - [Hua Hong Grace Semiconductor Wins Shareholder Backing for New Option Scheme](https://longbridge.com/en/news/302718460.md) - [Hua Hong Grace Raises 2026 Sales Cap and Formalizes Equipment Lease With Huahong Group](https://longbridge.com/en/news/302557984.md) - [Hua Hong Grace Schedules Board Meeting to Approve Q3 Results](https://longbridge.com/en/news/302530153.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**