{"id":39589,"date":"2024-10-14T13:44:45","date_gmt":"2024-10-14T08:14:45","guid":{"rendered":"https:\/\/www.businessupturn.com\/asia\/?p=39589"},"modified":"2024-10-14T13:45:17","modified_gmt":"2024-10-14T08:15:17","slug":"hong-kong-stock-market-slips-as-hang-seng-falls-0-83-tencent-drops-1-28-dowway-holdings-surges-50-91","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/asia\/east-asia\/china\/hong-kong-stock-market-slips-as-hang-seng-falls-0-83-tencent-drops-1-28-dowway-holdings-surges-50-91\/39589\/","title":{"rendered":"Hong Kong stock market slips as Hang Seng falls 0.83%, Tencent drops 1.28%, Dowway Holdings surges 50.91%"},"content":{"rendered":"

The Hong Kong stock market closed in negative territory today, with the Hang Seng Index falling by 0.83% to 21,075.41 HKD. The Hang Seng TECH Index saw a steeper decline of 1.49%, ending the day at 4,665.45 HKD. Meanwhile, the Hang Seng China Enterprises Index shed 0.60%, closing at 7,574.91 HKD, while the Hang Seng China 50 Index bucked the trend, rising 0.49% to 7,891.63 USD.<\/p>\n

Major Indices Performance:<\/h3>\n\n\n\n\n\n\n\n\n
Index<\/strong><\/th>\nClosing Value (HKD\/USD)<\/strong><\/th>\nChange (%)<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Hang Seng Index<\/td>\n21,075.41 HKD<\/td>\n-0.83%<\/td>\n<\/tr>\n
Hang Seng TECH Index<\/td>\n4,665.45 HKD<\/td>\n-1.49%<\/td>\n<\/tr>\n
Hang Seng China Enterprises Index<\/td>\n7,574.91 HKD<\/td>\n-0.60%<\/td>\n<\/tr>\n
Hang Seng China 50 Index<\/td>\n7,891.63 USD<\/td>\n+0.49%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Most Actively Traded Stocks:<\/h3>\n

Several of the most actively traded stocks experienced declines, with Tencent Holdings Ltd.<\/strong> dropping 1.28% to 433.2 HKD, and Meituan<\/strong> falling 5.89% to 182.3 HKD. On the upside, Semiconductor Manufacturing International Corporation (SMIC)<\/strong> gained 4.51%, closing at 26.65 HKD.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Stock Name<\/strong><\/th>\nTicker<\/strong><\/th>\nPrice (HKD)<\/strong><\/th>\nChange (%)<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Tencent Holdings Ltd.<\/td>\n700<\/td>\n433.20<\/td>\n-1.28%<\/td>\n<\/tr>\n
Semiconductor Manufacturing Intl. Corp.<\/td>\n981<\/td>\n26.65<\/td>\n+4.51%<\/td>\n<\/tr>\n
Xiaomi Corporation<\/td>\n1810<\/td>\n23.45<\/td>\n-1.26%<\/td>\n<\/tr>\n
Meituan<\/td>\n3690<\/td>\n182.30<\/td>\n-5.89%<\/td>\n<\/tr>\n
Hong Kong Exchanges & Clearing Ltd.<\/td>\n388<\/td>\n322.40<\/td>\n-3.53%<\/td>\n<\/tr>\n
Anta Sports Products<\/td>\n2020<\/td>\n91.05<\/td>\n-9.04%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Top Gainers:<\/h3>\n

Among the top gainers, Dowway Holdings Ltd.<\/strong> surged 50.91% to 0.83 HKD, while Kiu Hung International Holdings (Bermuda)<\/strong> jumped 47.44% to 1.15 HKD. Huabang Technology Holdings<\/strong> also performed strongly, gaining 40.61%.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Stock Name<\/strong><\/th>\nTicker<\/strong><\/th>\nPrice (HKD)<\/strong><\/th>\nChange (%)<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Dowway Holdings Ltd.<\/td>\n8403<\/td>\n0.83<\/td>\n+50.91%<\/td>\n<\/tr>\n
Futian Holdings Ltd.<\/td>\n8196<\/td>\n0.095<\/td>\n+26.67%<\/td>\n<\/tr>\n
Kiu Hung International Holdings (Bermuda)<\/td>\n381<\/td>\n1.15<\/td>\n+47.44%<\/td>\n<\/tr>\n
Huabang Technology Holdings Ltd.<\/td>\n3638<\/td>\n4.64<\/td>\n+40.61%<\/td>\n<\/tr>\n
Pak Tak International Ltd.<\/td>\n2668<\/td>\n0.540<\/td>\n+38.46%<\/td>\n<\/tr>\n
Sunway International Holdings Ltd.<\/td>\n58<\/td>\n0.420<\/td>\n+40.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Top Losers:<\/h3>\n

In terms of losses, Shiyue Daotian Group Co. Ltd.<\/strong> led the declines, plunging 33.25% to 8.13 HKD. Archosaur Games Inc.<\/strong> followed closely, falling 28.39%, while Mobicon Group<\/strong> and Affluent Foundation Holdings Ltd.<\/strong> both posted losses of over 28%.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Stock Name<\/strong><\/th>\nTicker<\/strong><\/th>\nPrice (HKD)<\/strong><\/th>\nChange (%)<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Shiyue Daotian Group Co. Ltd.<\/td>\n9676<\/td>\n8.13<\/td>\n-33.25%<\/td>\n<\/tr>\n
Archosaur Games Inc.<\/td>\n9990<\/td>\n1.69<\/td>\n-28.39%<\/td>\n<\/tr>\n
Mobicon Group<\/td>\n1213<\/td>\n0.215<\/td>\n-28.33%<\/td>\n<\/tr>\n
Affluent Foundation Holdings Ltd.<\/td>\n1757<\/td>\n0.180<\/td>\n-28.00%<\/td>\n<\/tr>\n
China Financial Services Holdings Ltd.<\/td>\n605<\/td>\n1.25<\/td>\n-28.98%<\/td>\n<\/tr>\n
Autostreets Development Ltd.<\/td>\n2443<\/td>\n6.73<\/td>\n-26.45%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Most Volatile Stocks:<\/h3>\n

In the most volatile stocks, Brainhole Technology Ltd.<\/strong> surged 32.20% to 0.390 HKD, while Kiu Hung International Holdings Ltd.<\/strong> gained 46.15% to 1.14 HKD. On the downside, Global Mastermind Holdings<\/strong> fell sharply by 32.50%, closing at 0.027 HKD.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Stock Name<\/strong><\/th>\nTicker<\/strong><\/th>\nPrice (HKD)<\/strong><\/th>\nChange (%)<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Brainhole Technology Ltd.<\/td>\n2203<\/td>\n0.390<\/td>\n+32.20%<\/td>\n<\/tr>\n
Perfectech International Holdings Ltd.<\/td>\n765<\/td>\n0.46<\/td>\n+21.05%<\/td>\n<\/tr>\n
Global Mastermind Holdings Ltd.<\/td>\n8063<\/td>\n0.027<\/td>\n-32.50%<\/td>\n<\/tr>\n
Futian Holdings Ltd.<\/td>\n8196<\/td>\n0.095<\/td>\n+26.67%<\/td>\n<\/tr>\n
Kiu Hung International Holdings Ltd.<\/td>\n381<\/td>\n1.14<\/td>\n+46.15%<\/td>\n<\/tr>\n
Kin Pang Holdings Ltd.<\/td>\n1722<\/td>\n0.075<\/td>\n+33.93%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

The Hong Kong market faced a challenging day, with declines in major indices and several key stocks, although some companies saw sharp gains amidst the broader market weakness.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong stock market closed in negative territory today, with the Hang Seng Index falling by 0.83% to 21,075.41\u2026<\/p>\n","protected":false},"author":416,"featured_media":9938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-39589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/39589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/416"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=39589"}],"version-history":[{"count":1,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/39589\/revisions"}],"predecessor-version":[{"id":39590,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/39589\/revisions\/39590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/9938"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=39589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=39589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=39589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}