Hong Kong Stocks Extend Losses as AI Jitters Mount and US Rate-Cut Outlook Darkens

Published on 11/19/2025 at 03:33 am EST
(MT Newswires) -- Hong Kong equities extended their decline into a fourth session on Wednesday, mirroring Wall Street's losses as investors questioned elevated AI valuations and the outlook for U.S. rate cuts.
The Hang Seng Index slipped 99.38 points, or 0.4%, to 25,830.65, while the Hang Seng China Enterprises Index fell 23.80 points, or 0.3%, to 9,151.04.
Nvidia's results later in the day could spark a $320 billion swing in its market value, the biggest potential post-earnings move on record for the artificial intelligence leader, as investors assess whether the boom is accelerating or losing steam, according to a Reuters report.
The sell-off in major technology firms comes as investors question whether heavy spending on AI will translate into meaningful returns.
Markets are also looking forward to the minutes from the Fed's latest meeting, due later in the day, and the U.S. Labor Department's September employment report on Thursday, which was delayed by the recent government shutdown.
In corporate news, Xiaomiclosed nearly 5% lower after global banks lowered their target prices for the tech giant's stock, citing rising memory-chip costs despite results that were broadly in line with expectations, according to a South China Morning Post report.
Meanwhile, China Water Industryplunged over 49% after being served with a winding-up petition in Hong Kong by the International Finance Corporation over an outstanding loan of about 216.6 million yuan.

Sumber : MT Newswires