Hang Seng Falls to Lowest Value Since April!
The Hang Seng Index fell for a second day on Monday (May 18), falling 1.1%, or 287.55 points, to 25,675.18 in Hong Kong, marking its lowest close since April 13. The decline was widespread, with all sectors declining, and 77 of 90 stocks declining, while 11 rose.
The commerce and industrial sectors led the decline. Tencent was the largest contributor to the index's decline, falling 1.6%, while Li Auto recorded the deepest decline, falling 14.2%.
Despite the short-term correction, the index still recorded a gain of around 10% in the last 52 weeks, but is 8.5% below its 52-week high on January 29, 2026. In the last five days, the Hang Seng is down 2.8%, while in the 30 days it is down 1.9%, indicating still fragile momentum.
In terms of valuation, Hang Seng is trading at a P/E of 13.5x (trailing) and approximately 11.6x estimated 12-month forward earnings, with a dividend yield of 3%. Its 30-day volatility has decreased to 18.03%, indicating continued price pressure, but daily fluctuations have begun to ease compared to the average over the past month. (asd)
Source: Newsmaker.id
