HSI1 25,628.88 0.00 --
HSCEI1 8,917.70 0.00 --
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HSI Drops 240 Pts at Midday; BIDU-SW, KUAISHOU-W Lackluster; Pharmas Head South
2025-12-15 12:31:47
The HSI ended the midday down 240 points or 0.9% at 25,736. The HSCEI dropped 109 points or 1.2% to 8,970. The HSTECH fell 100 points or 1.8% to 5,537. The total market turnover for the half-day amounted to HKD108.239 billion.

HSBC HOLDINGS (00005.HK) proposed to privatize HANG SENG BANK (00011.HK) for HKD155 per share, with a vote slated for January 8. HSBC HOLDINGS receded 1.1%, while HANG SENG BANK rose 0.3% to HKD153.5.

In the tech sector, BABA-W (09988.HK) shed 2.7% to HKD149.9. TENCENT (00700.HK) slipped 1.5% to HKD606.5. BIDU-SW (09888.HK) and KUAISHOU-W (01024.HK) lost 4.2% and 3.9%. MEITUAN-W (03690.HK), JD-SW (09618.HK), and BILIBILI-W (09626.HK) slid 1.1%. NTES-S (09999.HK) edged down 0.2%.

In addition, PA GOODDOCTOR (01833.HK) soared 5.8%. EAST BUY (01797.HK) and NEW ORIENTAL-S (09901.HK) grew 3.1% and 2.7%. CHINA LIT (00772.HK), MEITU (01357.HK), and JD HEALTH (06618.HK) tumbled 3-3.3%. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) eroded 2.7% and 6.6%.

Carmaker BYD COMPANY (01211.HK) went down 1.5%. Its peers XIAOMI-W (01810.HK), NIO-SW (09866.HK), and LEAPMOTOR (09863.HK) also faded 2.3-2.6%.

Pharma stocks were squeezed, with INNOVENT BIO (01801.HK), REMEGEN (09995.HK), and AKESO (09926.HK) plunging 4.9-5.5%. BEONE MEDICINES (06160.HK) and HANSOH PHARMA (03692.HK) even plummeted 6.8% and 7.6%. WUXI APPTEC (02359.HK), WUXI BIO (02269.HK), and SINO BIOPHARM (01177.HK) fell 2.9-3.2%.
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