Hang Seng Weakens, Alibaba Under Pressure
The Hang Seng Index weakened again in the latest trading session in Hong Kong on Monday (June 22nd). The main index fell 0.7 percent, or 156.29 points, to 23,768.52. This marked the fourth consecutive day of declines and brought the Hang Seng to its lowest closing level since June 23, 2025.
The greatest pressure came from Alibaba Group Holding Ltd., which fell 1.9 percent, the main contributor to the index's decline. Meanwhile, Geely Automobile Holdings Ltd. recorded the sharpest decline, falling 6.1 percent. This indicates that selling pressure still looms over several large stocks in the Hong Kong market.
Overall, 70 of the 93 stocks in the Hang Seng Index closed lower, while only 22 stocks rose. Three of the four sectors also declined, with the greatest pressure coming from trading and industrial stocks. In the past month, the Hang Seng has corrected 5.6 percent, while in the past five days the index has fallen 3.8 percent.
While still recording a 1 percent gain in the past 52 weeks, the Hang Seng's performance lags far behind the MSCI AC Asia Pacific Index, which rose 45 percent over the same period. Currently, the Hang Seng is 15.3 percent below its 52-week high reached on January 29, 2026, but still 2.1 percent above its low on June 23, 2025. With the market capitalization of index members reaching HK$28.6 trillion, market participants are still monitoring whether this selling pressure will continue or begin to ease in the near future. (asd)
Source: Newsmaker.id
