Hang Seng Index opens lower as tech stocks weaken, Guotai Junan drops 4.1% on regulatory raid
Thursday, March 12, 2026       09:01 WIB

12th March 2026 - (Hong Kong) The Hang Seng Index opened 179 points lower, or 0.69 per cent, at 25,719 points in Thursday morning trading, reflecting cautious sentiment across Hong Kong's equity markets. The H-shares Index declined 35 points, or 0.4 per cent, to 8,668 points, while the Technology Index fell 30 points, or 0.6 per cent, to 5,024 points.
Technology stocks broadly retreated, with Tencent slipping 0.2 per cent and Alibaba declining 1.9 per cent. Meituan fell 1.1 per cent, Xiaomi dropped 0.7 per cent and Kuaishou lost 1.4 per cent, while JD.com bucked the trend with a modest 0.2 per cent gain.
Financial stocks presented a mixed picture. HSBC Holdings edged up 0.1 per cent, while AIA Insurance fell 2 per cent. Ping An Insurance declined 0.7 per cent and Hong Kong Exchanges and Clearing slipped 0.9 per cent.
Oil counters showed divergent performance amid rising international crude prices. CNOOC climbed 1.8 per cent and PetroChina advanced 1.6 per cent, while Sinopec remained flat.
Guotai Junan International saw its shares drop 4.1 per cent following confirmation that regulatory authorities, including the Securities and Futures Commission and the Independent Commission Against Corruption, had searched its business premises in a joint operation.

Sumber : Dimsumdaily.hk

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