The Hong Kong stock market faced a significant downturn as all major indices closed in the red on October 15, 2024. The Hang Seng Index fell by 3.67% to close at 20,318.79, while the Hang Seng Tech Index experienced a sharper decline, losing 4.65% to settle at 4,450.95. The Hang Seng China Enterprises Index also dropped by 3.99%, closing at 7,277.83.
Top Gainers:
- Sino-Life Group Limited surged by 144.27% to 0.320 HKD.
- Autostreets Development Ltd jumped by 75.57% to 11.64 HKD.
- Hang Pin Living Technology Co Ltd rose by 50.54% to 0.280 HKD.
- CBK Holdings Ltd increased by 27.27% to 0.490 HKD.
- Smart City Development Holdings Ltd was up 25.00% to 0.75 HKD.
Top Losers:
- China General Education Group Ltd led the declines, plunging by 53.70% to 1.44 HKD.
- Tian Cheng Holdings Ltd fell by 35.48% to 0.100 HKD.
- Man Sang International dropped by 28.18% to 0.79 HKD.
- Shengjing Bank faced a significant drop of 25.50%, closing at 1.11 HKD.
- Creative China Holdings Ltd was down 23.08% to 0.50 HKD.
Despite some stocks showing impressive gains, the broader market sentiment remained negative, primarily driven by weak performance across tech and enterprise sectors.