Hong Kong Stock Market Stalls Today — The One Sector Behind the Hang Seng Pullback
The Hang Seng Index slipped 0.08% at midday, with energy stocks PetroChina down 4.34% and CNOOC off 3.48% as Brent crude eased to $60.49. Tech names Kuaishou and Bilibili jumped, while Nio and XPeng fell. MiniMax targets top-range pricing Jan. 6 for its HKEX IPO, aiming to raise up to HK$4.19 billion ahead of a Jan. 9 debut.