Hong Kong shares slip as tech sector weighs

Oct 8, 2025, 11:53 GMT+7
By Jiaxing Li
Reuters - Hong Kong stocks fell on Wednesday, led by tech shares and ahead of the Chinese markets reopening after an eight-day National Day holiday.
** Hong Kong's benchmark Hang Sengwas down 1.1%, narrowing an earlier losses.
** The index is now on track to register the third straight day of decline after hitting a fresh four-year high on October 2.
** Risk-off sentiment dominated the region, with Asian stocks down 0.7% following a sluggish session overnight in the U.S. Spot goldclimbed to a record $4,000 per ounce level as investors sought safety.
** Tech sectors weighed on the Hong Kong market on Wednesday, with the Hang Seng Tech Indexslipping 1.1% and the AI sector indexdown 1.3%.
** Heavyweights Alibabalost 3% and Baidulost 3.4%.
** The decline follows a report that U.S. lawmakers are calling for broader bans on chipmaking tool sales to China, rather than narrower restrictions on specific Chinese chipmakers.
** Also weighing on Hong Kong markets, mainland developersslipped 1.9%, with developer Longfordown 5.6%.
** Still, "the positive rerating is not over" for China equities, both economic and geopolitical factors point to continued outperformance, analysts at Alpine Macro said in a note.
** Bilateral tensions are likely to ease in the run-up to a meeting between U.S. President Donald Trump and President Xi Jinping later this month at the APEC summit, they added.
** Mainland China's financial markets will resume trading on Thursday following the eight-day National Day holidays.

Sumber : Reuters