Hong Kong Stocks Slightly Down At Start Of Week
Hong Kong stocks fell 73 points, or 0.3%, to 23,528 during the morning session on Monday (May 26), reversing modest gains from the previous session. Consumer and technology stocks led the decline, with sentiment weakening as investors await China’s industrial profit data for the first four months of 2025, due on Tuesday.
Adding to the cautious mood, figures from last week showed Hong Kong’s annual inflation rose to a three-month high of 2.0% in April, while core CPI rose to 1.3% from 1.0%. However, the losses were offset by a rally in U.S. stock futures after President Trump delayed potential tariffs on the EU, extending the deadline for a deal to July 9.
Meanwhile, Financial Secretary Paul Chan said Hong Kong IPO fundraising has surpassed HK$76 billion so far this year—up seven-fold from last year and nearly 90% of 2024’s total. Companies that experienced significant early declines included Meituan (-6.2%), Horizon Robotics (-5.5%), Xiaomi (-2.5%) and Tencent (-1.5%). Jiangsu Hengrui Pharma fell 2.1% after a strong debut on Friday.
Source: Trading Economics
