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Hong Kong's benchmark Hang Seng index slipped 0.6% on Wednesday, tracking broader Asian weakness and led down by AI-related and biotech stocks. The Hang Seng China Enterprises Index fell 0.6% while Hang Seng Tech lost 0.7%. Slowing economic activity pushed Hong Kong's S&P Purchasing Managers' Index down to 49.2 in Sept
Hong Kong stocks fell on Wednesday, following broader Asian market weakness, with AI-related and biotech shares leading the decline. The Hang Seng benchmark index slipped 0.6%, the Hang Seng China Enterprises Index fell 0.6%, and the Hang Seng Tech index also declined.
Hong Kong's benchmark Hang Seng index slipped 0.5% by the lunch break. The Hang Seng China Enterprises Index fell 0.7% while Hang Seng Tech lost 0.9%. AI developer Minimax and tech giant Alibaba dropped 5% and 3% respectively. Biotech firms dropped 2.7%.
The Nasdaq 100 sinks 2.4% as a global sell-off in semiconductor shares hammers the index, while the Dow Jones edges up 0.2%.