"Hong Kong Stocks" The Hang Seng Index opened 258 points lower, Alibaba and Baidu declined, JD Health fell

AASTOCKS
2025.12.15 01:35

U.S. stocks rose and then fell last Friday (12th), with the Dow Jones Industrial Average dropping 245 points or 0.5% after reaching a peak. Hong Kong stocks opened lower this morning (15th) following the external market. The Hang Seng Index opened down 258 points or 1%, at 25,718 points; the National Index opened down 99 points or 1.1%, at 8,980 points; the Hang Seng Tech Index opened down 75 points or 1.3%, at 5,562 points.

HSBC (00005.HK) plans to privatize Hang Seng Bank (00011.HK) with a per-share consideration of HKD 155, with a vote scheduled for next month on the 8th. HSBC opened down 0.8% at HKD 116.4, while Hang Seng opened at HKD 153.2, up 0.1%.

In the tech sector, Alibaba-W (09988.HK) and Baidu-SW (09888.HK) opened down 2.1% and 3.1%, respectively. Tencent (00700.HK), Kuaishou-W (01024.HK), and Bilibili-W (09626.HK) opened down 1.6% to 1.7%, NetEase-S (09999.HK) opened down 1.2%, while Meituan-W (03690.HK) and JD-SW (09618.HK) opened down 0.8% and 0.6%, respectively. JD Health (06618.HK) opened down 5.9%. In the chip sector, SMIC (00981.HK) opened up 0.4%, while Hua Hong (01347.HK) opened down 1.7%.

In the automotive sector, Xiaomi-W (01810.HK) and BYD (01211.HK) each opened down 1.5%, while Li Auto-W (02015.HK) and XPeng-W (09868.HK) opened down 2.6% and 1.9%, respectively. Battery stock CATL (03750.HK) opened up 0.7%.

In other financial stocks, Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) each opened down 0.1%, while China Life (02628.HK) opened down 2.2%. Local real estate stocks Sun Hung Kai Properties (00016.HK), Wharf Real Estate Investment (01997.HK), and Hang Lung Properties (00101.HK) opened down 1.5% to 1.9%.

In the consumer sector, Haier Smart Home (06690.HK), Nongfu Spring (09633.HK), and Pop Mart (09992.HK) opened down 1.9% to 2.1%. In the pharmaceutical sector, WuXi AppTec (02359.HK) and BeiGene (06160.HK) opened down 1.6% and 1.8%, respectively, while WuXi Biologics (02269.HK) opened down 2.9%. PAIKE Biopharmaceutical (02565.HK) discounted its placement by 10%, netting HKD 296 million, and the stock opened up 1.1% at HKD 65.6

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