Hang Seng Index shows mixed performance as Xiaomi and other stocks decline
Hang Seng Index opened lower today, declining by 39 points or 0.17% to stand at 23,167. The Enterprise Index fell by 21 points or 0.24%, now at 8,516, while the Technology Index decreased by 8 points or 0.16%, reaching 5,398.
In the technology sector, stocks displayed varied performance. Tencent gained 0.2%, whereas Alibaba slipped by 0.6%, and Meituan lost 0.5%. Xiaomi experienced a decline of 1%, while JD.com and Kuaishou remained unchanged.
The financial sector also witnessed mixed results, with HSBC Holdings falling by 0.3%. AIA Group rose by 0.3%, while Ping An saw a decrease of 0.3%. Hong Kong Exchanges and Clearing dropped 0.6%.
In the automotive sector, results were similarly mixed. BYD Holdings remained stable, but Geely Automobile advanced by 1.5%. NIO increased by 1.3%, while Xpeng Motors declined by 1.9%. Li Auto gained 0.8%.
Source: Dimsumdaily.HK