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HKG:3690 6 November 2025 - 16 December 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 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’s Hang Seng Tech Index fell 1.74% on Tuesday, hitting a multi-week low after a midday rumor about “tax recognition” for tech firms triggered heavy selling. Alibaba dropped over 2%, Tencent and Meituan lost more than 1% each, and Tongguan Gold slid more than 6%. The Hang Seng Index closed down 1.54%. No official confirmation of the rumored tax issue was released.
16 December 2025
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Wall Street Braces for Shutdown: Stocks Rally as Fed Cuts Loom – Tech & Defense in Focus

Hong Kong stocks today (Nov 6, 2025): Hang Seng jumps 2.1% as chips & commodities surge; Pony.ai and WeRide sink on Hong Kong debut

The Hang Seng Index closed up 2.12% at 26,485.9, with turnover near HK$234.7 billion. Semiconductors, metals, and large-cap internet stocks led gains. Two major robotaxi IPOs, Pony.ai and WeRide, dropped 9–10% on debut despite the broader market rally. China-related indices and tech shares outperformed.
6 November 2025
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Stock Market Today

  • Stock Futures Rise as S&P 500 Nears Fourth Weekly Loss Amid Oil Price Surge
    March 19, 2026, 6:25 PM EDT. Stock futures edged higher on Thursday evening, with Dow Jones Industrial Average and S&P 500 futures both gaining 0.2%, following comments by Israeli Prime Minister Benjamin Netanyahu that eased U.S.-Iran war anxieties. Netanyahu noted Iran's diminished capacity to enrich uranium and produce ballistic missiles, suggesting the conflict may shorten. Despite the uptick, the S&P 500 is set for a fourth straight weekly decline and has fallen below its 200-day moving average, a critical technical support level. The Dow and Nasdaq approach correction territory, down 8.3% and nearly 8% from recent highs, respectively. Analysts warn that markets may be overly optimistic about the war's economic impact as oil prices remain elevated, with West Texas Intermediate futures up over 48% this month.
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