Hong Kong stocks midday review: The Hang Seng Index fell by 0.97%, with technology and financial stocks performing poorly, while non-ferrous metal stocks were active against the trend.

date
03/12/2025
In the morning session of the Hong Kong stock market, the three major indexes opened low and continued to decline, with all falling by more than 1.1% during the session. The Hang Seng Index closed down 0.97% at midday, falling below 26,000 points again. The state-owned enterprise index and the Hang Seng technology index also dropped by 1.26% and 1.3% respectively. Large-cap technology stocks, which serve as a market barometer, collectively weakened and dragged down the overall market. Banking stocks, insurance stocks, and Chinese securities firms all saw a collective decline in their weightings. Additionally, the market is awaiting policy guidance from the Federal Reserve, while non-ferrous metal stocks are once again active. Gold stocks and aluminum stocks saw significant increases, with China Aluminum rising by more than 5%. Some electronics stocks, defense stocks, and coal stocks also saw gains.