HSI1 24,186.83 +124.11 178.21B
HSCEI1 8,128.25 +24.98 60.40B
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HSI Continues Half-day Slide, Down 358 pts Below 24,000; LENOVO GROUP (00992.HK) Plunges Over 13%; BABA-W (09988.HK), BIDU-W (09888.HK) Down About 5%; Samsung and SK Hynix Leveraged ETFs Each Slump Over 20%
2026-10-15 12:38:07
US Sep CPI exceeded expectations, raising market concerns that the Federal Reserve may continue raising interest rates. US stocks came under pressure overnight (14th), with chip stocks leading the decline. Hong Kong stocks extended the previous day's losses. The HSI opened down 195 pts this morning (15th), with losses rapidly widening and the index once again falling below the 24,000 level. By midday, the HSI closed at 23,955, down 358 pts or 1.47%, with half-day turnover reaching HKD113.792 billion; the HSTECH closed at 4,051, down 122 pts or 2.94%; the HSCEI closed at 8,059, down 123 pts or 1.51%.

Major tech stocks broadly came under pressure. BIDU-W (09888.HK) slumped nearly 5%; BABA-W (09988.HK) fell 4.8%; KUAISHOU-W (01024.HK) dropped 3.79%; MEITUAN-W (03690.HK) declined 2.85%; TENCENT (00700.HK) slipped less than 1%; while XIAOMI-W (01810.HK) bucked the trend, recording a third consecutive gain and closing the half day up 2.43%.

US data center-related stocks plunged overnight, with Dell Technologies Inc. (DELL.US) tumbling 11.3%. In Hong Kong, LENOVO GROUP (00992.HK) sank 13.75% to close at HKD26.22, making it the worst-performing blue chip in the half-day session; GDS-SW (09698.HK) fell 16.98%.

Market confidence in tech stocks remained weak, while the AI hardware sector continued its recent downturn. Chip stocks tracked overseas weakness, with HUA HONG GRACE (01347.HK) dropping 8.73%; SMIC (00981.HK) also fell 4.51%; MONTAGE TECH (06809.HK) plunged 11.53%. South Korea's KOSPI index once dropped more than 8% this morning, triggering a circuit breaker. In Hong Kong, the XL2CSOPHYNIX (07709.HK) daily leveraged maximum (2x) product slumped 23.14%, while the XL2CSOPSMSN (07747.HK) daily leveraged maximum (2x) product dropped 20.66%.

Among the two major AI model stocks, MINIMAX-W (00100.HK) fell 8.91%, while Z.AI (02513.HK) dropped 9.97%. PCB stocks were under pressure, with KB LAMINATES (01888.HK) plunging 8.26%; KINGBOARD HLDG (00148.HK) falling 6.67%; VGT (02476.HK), CFMEE (09630.HK) and DELTON (01989.HK) dropping 7.6% to 7.9%; and HANS CNC (03200.HK) sliding about 10%. Newly listed automotive PCB giant KINWONG (03228.HK) also fell 3.6% by midday. Optical communication concept stocks were likewise weak, with ZJ INNOLIGHT (03308.HK) down 6.55%; YOFC (06869.HK) plunging 13.24%; and CIG (06166.HK) dropping 10.32%.

Among other blue chips, CATL (03750.HK) tumbled 6.6%, while SUNNY OPTICAL (02382.HK) fell 2.55%. The three major oil stocks retreated with the broader market, with PETROCHINA (00857.HK) dropping 3.09%, while CNOOC (00883.HK) and SINOPEC CORP (00386.HK) each fell more than 2%. Some biotech and pharmaceutical stocks performed well, with BEONE MEDICINES (06160.HK) rising nearly 3% and HANSOH PHARMA (03692.HK) gaining 2.16%.

LEADER EDU (01449.HK), which was identified by the SFC as having highly concentrated shareholding, closed the half day at HKD0.925, down 23.55%, while turnover increased to HKD8.2845 million. The company responded that its public float remained no less than 25%.

"Africa's mobile phone king" Transsion (02636.HK) debuted today, closing the half day at HKD33.8, 4.25% below its IPO price of HKD35.3, with turnover nearing HKD235 million. (mn/da)~

AASTOCKS Financial News
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.