Harvest Hang Seng SCHK Technology ETF(520670.SH)

Hong Kong Tech Stocks Decline Amid Market Weakness

Hong Kong's leading technology stocks experienced a downturn, with Baidudropping over 4%. According to Jin10, JD Healthand Alibababoth fell more than 3%, while other stocks such as Kuaishou, Bilibili, NetEase-S, and JD.comalso followed suit with declines. The market sentiment reflects broader concerns impacting tech stocks in the region.

"Hong Kong Stocks" The Hang Seng Index fluctuated and rose 54 points in the half-day session, with Tencent and Kuaishou under pressure, while bank and real estate stocks rose

The Hong Kong stock market fluctuated in the morning session, with the Hang Seng Index rising 54 points to 26,830 points. Technology stocks Tencent and Kuaishou were under pressure, falling 3.1% and 4.4% respectively. The National Index dropped 19 points, and the Hang Seng Tech Index fell 72 points. The total turnover was HKD 195.285 billion. Some stocks, such as New Oriental and GDS, rose, while AI stock Yunzhisheng fell due to a placement. Overall market performance was volatile, with some chip stocks and mobile component stocks performing relatively well

Bloomberg: Market worries that Chinese tech stocks may face increased value-added tax, Hang Seng TECH Index falls to the brink of a bear market

The Hang Seng TECH Index fell to the brink of a bear market due to market concerns that the Chinese government may raise the value-added tax, dropping 343 points to 26,431 points at one point today. Technology stocks such as Tencent, Alibaba, and Kuaishou were sold off, with declines of 6.3%, nearly 5%, and 7.7%, respectively. Analysts pointed out that investors may turn to other stocks, and concerns over changes in tax policy have intensified. It is expected that with the upcoming earnings announcements from Chinese technology companies and policy meetings, there may be a rebound in technology stocks

The Hang Seng TECH Index's intraday decline has widened to 2%, KUAISHOU-W fell by 6%, Baidu and Bilibili dropped over 5%, and Tencent fell by over 4%

Hong Kong Shares Kick Off Week Lower

Hong Kong shares fell 49 points (0.2%) to 26,703, ending a three-day winning streak amid declining U.S. futures and geopolitical tensions. Q3 business sentiment in Hong Kong dropped to -3, remaining negative for nearly two years. Despite this, mainland equities rose due to increased liquidity from the central bank. Technology and consumer sectors saw declines, with XPeng down 4.0%, Kuaishou 3.1%, SMIC 2.1%, and Xiaomi 1.9%.