Alibaba and JD Health Lead, Hang Seng Closes Lower!
The Hang Seng Index closed down 1.6% to 25,962.73 in Hong Kong on Friday (May 15). This was the largest decline since the index fell 1.9% on March 26, after moving relatively flat in the previous session.
The greatest pressure came from technology stocks and the commerce & industrial sector. Alibaba Group Holding fell 4.1% and was the main contributor to the index's decline, while JD Health International recorded the deepest decline among its constituents, plunging 6.6%. Overall, 76 of the 90 stocks fell, only 13 rose, and all sectors were in the red.
Despite today's sharp decline, historical patterns suggest that subsequent movements tend to be balanced. In the past 12 months, daily declines of the same or greater magnitude occurred 16 times; the index rose 10 times the following day with an average gain of 1.2%, and fell six times with an average loss of 1.1%. However, for the current week, the Hang Seng has fallen 1.6% and is poised to post its biggest weekly decline since the week ending March 6.
Valuation-wise, the Hang Seng is still up 11% in the past 52 weeks, but is now about 7.5% below its 52-week peak on January 29, 2026, and 14.5% above its low on June 2, 2025. The index is trading at a trailing interest rate (PER) of 13.7 and 11.8 times estimated one-year forward earnings, with a dividend yield of 2.9% (12 months). The 30-day volatility rose to 18.58% from 17.73% in the previous session, indicating the market is entering a more sentiment-sensitive phase. (asd)
Source: Newsmaker.id
