---
title: "Understanding the Market | Hang Seng TECH Index expanded its decline to over 4% in the afternoon, Alibaba-W fell over 4%, and Tencent dropped over 3%"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/260995958.md"
description: "Hong Kong stocks significantly plunged in the afternoon, with the Hang Seng TECH Index's decline expanding by over 4%. As of the time of writing, among the constituent stocks, Hua Hong Semiconductor fell by 14.84%, trading at HKD 75.2; Kingsoft dropped by 7.44%, trading at HKD 33.84; Alibaba-W decreased by 4.61%, trading at HKD 155; Tencent fell by 3.05%, trading at HKD 619.5. On the news front, recent trade disputes have continued to disrupt the market. On October 14, the Ministry of Commerce announced measures to counter the U.S. maritime, logistics, and shipbuilding industry 301 investigation against China. With the approval of the National Coordination Mechanism for Countering Foreign Sanctions, the Ministry of Commerce published the \"Decision on Countermeasures Against Five U.S. Subsidiaries of Hanwha Ocean Co., Ltd.,\" effective from October 14, 2025. Shenwan Hongyuan believes that while the Sino-U.S. trade friction in October is disruptive, the progress of domestic models and chips provides confidence in response, and they remain optimistic about the value reassessment of Hong Kong stocks in the internet AI cloud and self-developed chips. The firm pointed out that the intense competition in instant retail and its marginal changes are worth paying more attention to, with the third quarter expected to be the peak of internal competition, and the subsequent easing of competition will significantly impact the profit expectations of Hong Kong internet stocks"
datetime: "2025-10-14T06:52:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260995958.md)
  - [en](https://longbridge.com/en/news/260995958.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260995958.md)
---

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# Understanding the Market | Hang Seng TECH Index expanded its decline to over 4% in the afternoon, Alibaba-W fell over 4%, and Tencent dropped over 3%

According to the Zhitong Finance APP, Hong Kong stocks significantly plummeted in the afternoon, with the Hang Seng TECH Index's decline expanding by over 4%. As of the time of writing, among the constituent stocks, Hua Hong Semiconductor (01347) fell by 14.84%, trading at HKD 75.2; Kingsoft (03888) dropped by 7.44%, trading at HKD 33.84; Alibaba-W (09988) decreased by 4.61%, trading at HKD 155; Tencent (00700) fell by 3.05%, trading at HKD 619.5.

On the news front, recent trade disputes have continued to disrupt the market. On October 14, the Ministry of Commerce announced measures to counter the U.S. maritime, logistics, and shipbuilding industry 301 investigation against China. With the approval of the National Coordination Mechanism for Countering Foreign Sanctions, the Ministry of Commerce published the "Decision on Countermeasures Against Five U.S. Subsidiaries of Hanwha Ocean Co., Ltd.," which will take effect on October 14, 2025. Shenwan Hongyuan believes that while the Sino-U.S. trade friction has caused disturbances in October, the progress of domestic models and chips provides confidence in coping with the situation, and they remain optimistic about the value reassessment of Hong Kong stocks in the internet AI cloud and self-developed chips. The firm pointed out that the intense competition in instant retail and its marginal changes are worth paying more attention to, with the third quarter expected to be the peak of internal competition, and the subsequent easing of competition will significantly impact the profit expectations of Hong Kong internet stocks

### 相關股票

- [Tencent (TCEHY.US)](https://longbridge.com/zh-HK/quote/TCEHY.US.md)
- [Tencent Holdings Limited (TCTZF.US)](https://longbridge.com/zh-HK/quote/TCTZF.US.md)
- [TENCENT (00700.HK)](https://longbridge.com/zh-HK/quote/00700.HK.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-HK/quote/BABA.US.md)
- [BABA-W (09988.HK)](https://longbridge.com/zh-HK/quote/09988.HK.md)
- [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/zh-HK/quote/STECH.HK.md)

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