In September, the U.S. performance exceeded expectations. However, markets were concerned about the Federal Reserve's continued interest rate hikes. The following day (September 14), U.S. stocks came under pressure, with chip stocks leading the decline. Hong Kong stocks followed yesterday's downward trend; the Hang Seng Index opened lower by 195 points this morning (September 15), and the decline quickly expanded, once again falling below the 24,000 mark. It closed at 23,955 points, down 358 points or 1.47%. The trading volume for the morning session reached HK$113.792 billion. The Hang Seng Technology Index fell 122 points or 2.94% to 4,051 points, while the State-owned Enterprises Index dropped 123 points or 1.51% to 8,059 points.
Leading tech stocks are generally under pressure: Baidu-W (09888. HK) fell nearly 5%; Alibaba-W (09988. HK) fell 4.8%; Kuaishou-W (01024. HK) fell 3.79%; Meituan-W (03690. HK) fell 2.85%; Tencent (00700. HK) fell less than 1%. Xiaomi-W (01810. HK, however, performed well against the trend, recording a third consecutive rise with a 2.43% gain in just half a day.
The next day, shares related to US data centers tumbled sharply, with Dell Technologies ( DELL.US ) falling by 11.3%. In Hong Kong, Lenovo Group (00992. HK ) dropped by 13.75%, closing at HK$26.22, the worst performance among blue-chip stocks for the day; World Wide Data - SW (09698. HK ) fell by 16.98%.
Market confidence in tech stocks remains weak, and the AI hardware sector continues its recent weakness. Chip stocks declined along with the global market; Huahong Hongli (01347. HK) fell by 8.73%; SMIC (00981. HK) also tumbled 4.51%; Lanqi Technology (06809. HK) plummeted by 11.53%. South Korea's KOSPI index fell more than 8% this morning, triggering a circuit breaker. In Hong Kong, SK Hynix' products with the highest daily leverage (2x) (07709. HK) plummeted by 23.14%; Samsung Electronics' products with the highest daily leverage (2x) (07747. HK) fell by 20.66%.
In terms of the two major AI model stocks, MINIMAX-W (00100.HK) fell by 8.91%; Zhipu (02513.HK) fell by 9.97%. PCB was under pressure, with Jiantao Circuit Board (01888.HK) plummeting by 8.26%; Jiantao Group (00148.HK) fell by 6.67%; Shenghong (02476.HK), Xingji Microassembly (09630.HK), and Guanghe Technology (01989.HK) all fell by 7.6% to 7.9%; Dazu CNC (03200.HK) fell by about 10%. Even the semi-new stock and automotive PCB giant Jingwang Electronics (03228.HK) fell by 3.6% in just half a day.
Optical communication concept stocks also declined; Zhongji Xuchuang (03308. HK) fell by 6.55%; Changfei Fiber Optic (06869. HK) fell by 13.24%; Cambridge Technology (06166. HK) fell by 10.32%.
As for the remaining blue-chip stocks, CATL (03750. HK) tumbled 6.6%; Sunny Optical (02382. HK) fell 2.55%. The three major oil companies followed the market trend downwards, with CNPC (00857. HK) declining 3.09%; CNOOC (00883. HK) and Sinopec (00386. HK) both losing more than 2%.
Some biotech and pharmaceutical stocks performed well, with BeiGene (06160. HK) rising nearly 3%; Hansoh Pharmaceutical (03692. HK) increasing by 2.16%.
The China Securities Regulatory Commission (CSRC) pointed out that Lide Education (01449.HK) has a highly concentrated equity structure. At the half-day close, the stock price was 0.925 yuan, a decrease of 23.55%, with trading volume increasing to 8.2845 million yuan; the company responded that the public's shareholding amount is not less than 25%.
"Africa's mobile phone king," Transsion (02636. HK), made its debut on the stock market today, closing at 33.8 yuan per share, which is 4.25% lower than the initial public offering price of 35.3 yuan, with nearly 235 million yuan in transactions.
(Hong Kong stock quotes are delayed by at least 15 minutes. Short selling data is as of 16:25 on October 15, 2026. US stock quotes are real-time streaming; except for market stocks, data is delayed by at least 15 minutes.)
