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Hong Kong stocks opened lower and extended losses into midday; HSI was down 0.69% and the Hang Seng Tech Index down 1.93% at noon. Large-cap internet names underperformed: Baidu (09888.HK) -2.6%, Tencent (00700.HK) -1.0%, with Alibaba (09988.HK), Net

2026-10-08

Hong Kong stocks opened lower and extended losses into midday; HSI was down 0.69% and the Hang Seng Tech Index down 1.93% at noon. Large-cap internet names underperformed: Baidu (09888.HK) -2.6%, Tencent (00700.HK) -1.0%, with Alibaba (09988.HK), NetEase-S (09999.HK) and Xiaomi Group (01810.HK) also weaker; JD.com (09618.HK) rose against the trend. PCB, chip/semiconductor and optical-communications sectors plunged; mobile-phone supply-chain, biotech and PV stocks were broadly lower. Coal and oil energy shares outperformed, while Property developers and household-appliance stocks were generally higher.

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Hong Kong AI-related stocks extended losses: MINIMAX-W (00100.HK) down 10%, Zhipu (02513.HK) down 5.6%.

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