HSI Down 309 pts; HSTI Down 76 pts; LONGFOR Down over 6%; TIANGONG INT'L, DONGYUE GROUP, KB LAMINATES Hit New Highs

AASTOCKS News
2026.06.16 04:15
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Hong Kong markets declined midday, with the HSI down 309 points (1.2%) and HSCEI falling 1.3%. Major tech stocks like Tencent, Ping An, and Alibaba saw losses exceeding 2%, accompanied by significant short selling volumes. Conversely, several smaller caps including Tiangong Int'l, Dongyue Group, and KB Laminates hit new highs, rising between 8% and 12.7%. The broader market sentiment appeared bearish for large-cap constituents.