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Hang Seng Tech Index fell more than 1% in early trade, while the Hang Seng Index was down about 0.6%. China Hongqiao (01378.HK) and Aluminum Corp of China/Chalco (02600.HK) dropped over 4%; Baidu (09888.HK) and Meituan (03690.HK) fell more than 3%.

2026-06-16

Hang Seng Tech Index fell more than 1% in early trade, while the Hang Seng Index was down about 0.6%. China Hongqiao (01378.HK) and Aluminum Corp of China/Chalco (02600.HK) dropped over 4%; Baidu (09888.HK) and Meituan (03690.HK) fell more than 3%.

Other News
2026-06-16

Net inflow of southbound funds reached 2 billion yuan.

Net inflow of southbound funds reached 2 billion yuan.
2026-06-16

CLSA says Geely Automobile (00175.HK) is accelerating overseas expansion after May exports of 85,000 units; management said logistics constraints kept monthly overseas orders below a potential 100,000. CLSA expects logistics to ease from June, foreca

CLSA says Geely Automobile (00175.HK) is accelerating overseas expansion after May exports of 85,000 units; management said logistics constraints kept monthly overseas orders below a potential 100,000. CLSA expects logistics to ease from June, forecasting monthly exports of ~100,000, H2 exports of about 600,000 and raising full-year export guidance to 1.06m units (≈32% of sales) from 800,000. The broker maintains a high-conviction OUTPERFORM rating and HK$30 target price. CLSA now forecasts 2026 total sales up 8.9% YoY to ~3.295m units, revenue down 1.8% to CNY 428.8 bln and net profit up 0.3% to CNY 19.64 bln.
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