Hong Kong stocks remain in the red despite a gradual afternoon recovery from session lows. Energy names like CNOOC (~-1.4%) have joined Sun Hung Kai (~-7.5%) as major drags, offsetting the continued resilience in mega-cap tech shares.
Hong Kong market temperature sits in neutral territory — shaped mainly by valuations near the middle (around the 59th historical percentile), while the share of advancing stocks is low (around the 14th historical percentile). Today's session fell broadly, dragged mainly by non-ferrous metals and property stocks amid rising oil prices and rate-hike concerns.