SMIC stock set for results test this week as Hong Kong market reopens

Shares of Semiconductor Manufacturing International Corp didn’t budge much in Hong Kong trading on Friday. Next week could be a different story, with earnings on tap and a crucial shareholder vote looming over a proposal to streamline the ownership of its core 12-inch wafer business.

Hong Kong Tech Stocks Slide as Hang Seng Tech Hits a Three-Week Low; Alibaba and Tencent Sink on Tax-Rumor Jitters and Global Risk-Off (Dec. 16, 2025)

Hong Kong Tech Stocks Slide as Hang Seng Tech Hits a Three-Week Low; Alibaba and Tencent Sink on Tax-Rumor Jitters and Global Risk-Off (Dec. 16, 2025)

HONG KONG — Hong Kong’s technology shares extended their pullback on Tuesday, December 16, 2025, dragging the Hang Seng Tech Index to a fresh multi-week low as investors weighed a mix of global macro unease and a burst of local policy anxiety. Alibaba and Tencent were among the biggest drags, with selling pressure intensifying intraday after a market rumor circulated about “tax recognition” involving high-tech companies—an issue that traders quickly treated as potentially earnings-sensitive despite the lack of official confirmation. TradingView+2Hong Kong Commercial Daily+2
Hang Seng Tech Index Hits Lowest Since Nov. 21 as Hong Kong Stocks Slide on China Growth Jitters and Global Tech Rotation

Hang Seng Tech Index Hits Lowest Since Nov. 21 as Hong Kong Stocks Slide on China Growth Jitters and Global Tech Rotation

HONG KONG — December 16, 2025: Hong Kong equities closed lower on Tuesday as a fresh wave of risk-off sentiment swept Asian markets, pushing the Hang Seng Tech Index to its weakest level since late November and reinforcing concerns that Hong Kong-listed Chinese shares could keep lagging mainland peers during a global “tech rotation.” news.rthk.hk+2MarketScreener+2

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.