HSI Closes at 25,440, Down 212 pts; HSTI Closes at 4,776, Down 47 pts; BABA Down over 3%; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index closed down 212 points at 25,440, with the Hang Seng Tech Index and HSCEI also recording declines. - Market turnover reached $216.78 billion as major heavyweights such as BABA dropped over 3%. - Individual constituents showed mixed movements, with specific stocks like LONGFOR and TINGYI posting notable gains while others like NTES declined.HSI Down 348 pts; HSTI Down 106 pts; MEITUAN Down over 3%; DONGYUE GROUP, KB LAMINATES Hit New Highs; Market Turnover Rises
AASTOCKS News·- The HSI closed down 348 points, or 1.4%, at 24,493, with a market turnover of $249.88 billion. - Major heavyweights like Meituan and Tencent saw declines of 3.8% and 2.7%, respectively, amid significant short selling activity. - Notable declines included Longfor and Chinahongqiao, which fell 8.9% and 7.1%, while KB Laminates rose by 7.1% to reach a new high.