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| HSI1 | 24,186.83 | +124.11 | 178.21B |
| HSCEI1 | 8,128.25 | +24.98 | 60.40B |
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2026-10-15 16:45:33 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 bearing the brunt of selling pressure. Hong Kong stocks extended the previous day's decline. The HSI opened down 195 pts this morning (15th), with losses widening to more than 300 pts. The market hovered around the 24,000 level in the afternoon. The HSI closed at 24,062, down 251 pts or 1.03%, with market turnover at HKD224.165 billion. The HSTECH closed at 4,060, down 113 pts or 2.72%, while the HSCEI closed at 8,103, down 79 pts or 0.98%. Among tech stocks, BIDU-W (09888.HK) fell 4.51%; BABA-W (09988.HK) and KUAISHOU-W (01024.HK) dropped more than 3%; MEITUAN-W (03690.HK) fell 2.10%; and TENCENT (00700.HK) declined 1.32%. US data center-related stocks slumped overnight, with Dell Technologies Inc. (DELL.US) plunging 11.3%. In Hong Kong, LENOVO GROUP (00992.HK) tumbled 14.54% to close at HKD25.98, making it the worst-performing blue chip of the day; GDS-SW (09698.HK) also plunged 15.74%. Hong Kong-listed chip stocks tracked overseas declines as the market worried that further Federal Reserve rate hikes could heavily hit AI-related stocks sensitive to higher borrowing costs. HUA HONG GRACE (01347.HK) fell 7.83%; SMIC (00981.HK) dropped 3.96%; and MONTAGE TECH (06809.HK) slumped 11.09%. South Korea's KOSPI index closed down nearly 8%. The daily leveraged maximum (2x) product linked to SK Hynix listed in Hong Kong, XL2CSOPHYNIX (07709.HK), plunged 24.31%, while the daily leveraged maximum (2x) product linked to Samsung Electronics, XL2CSOPSMSN (07747.HK), sank 20.94%. Among the two major AI model stocks, MINIMAX-W (00100.HK) and Z.AI (02513.HK) slumped 12.1% and 10.23% respectively. PCB stocks came under pressure, with KB LAMINATES (01888.HK) plunging 9.63%; KINGBOARD HLDG (00148.HK) falling 7.45%; VGT (02476.HK), CFMEE (09630.HK) and DELTON (01989.HK) dropping more than 7% to over 8%; and HANS CNC (03200.HK) declining more than 10%. Optical communication concept stocks also weakened, with ZJ INNOLIGHT (03308.HK) falling 7.49%; YOFC (06869.HK) sliding 13.17%; and CIG (06166.HK) down 8%. Some mainland Chinese bank stocks rose against the market trend. ABC (01288.HK) gained 3.5%, hitting a record high of HKD6.81 and closing at HKD6.8, up 3.5%, after Citi initiated a 30-day positive catalyst watch on the stock. CCB (00939.HK) rose 1.22%; ICBC (01398.HK) gained 1.65%; and CM BANK (03968.HK) added 0.75%. The three major oil stocks retreated with the broader market. PETROCHINA (00857.HK) and CNOOC (00883.HK) fell more than 2%, while SINOPEC CORP (00386.HK) dropped 1.85%. Shipping stocks were sold off, with COSCO SHIP ENGY (01138.HK) plunging 15.64%; SINOTRANS (00598.HK) and Pacific Basin falling nearly 10%; SITC (01308.HK) declining 6.55%; and COSCO SHIPPING Holdings falling 3.24%. Among other blue chips, LAOPU GOLD (06181.HK) rose 1.3% against the market trend; BEONE MEDICINES (06160.HK), HANSOH PHARMA (03692.HK) and SBP GROUP (01177.HK) gained more than 2%; CATL (03750.HK) fell 3.94%; and WEICHAI POWER (02338.HK) dropped nearly 7%. Resource and metals stocks generally moved lower, with CMOC (03993.HK), CHINAHONGQIAO (01378.HK) and CHALCO (02600.HK) all closing down more than 6%. (mn/ad)~ AASTOCKS Financial News Website: www.aastocks.com 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. | |