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%, with a half-day trading volume of 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.
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The following 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 ) declined by 13.75%, closing at HK$26.22, marking 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%.
The South Korean KOSPI index tumbled by over 8% this morning, triggering a circuit breaker. The SK Hynix product with the highest daily leverage (2x) (07709.HK) listed in Hong Kong plummeted by 23.14%; Samsung Electronics' product 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), Xinxī Micro-Assembly (09630.HK), and Guanghe Technology (01989.HK) all fell by 7.6% to 7.9%; Dazu CNC (03200.HK) fell by about 10%. New shares and automotive PCB giant Jingwang Electronics (03228.HK) also fell by 3.6% in half a day. Optical communication concept stocks also performed poorly, with Zhongji Xuchuang (03308.HK) falling by 6.55%; Changfei Fiber Optic (06869.HK) falling by 13.24%; and Cambridge Technology (06166.HK) falling by 10.32%.
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In terms of the remaining blue-chip stocks, CATL (03750. HK) fell by 6.6%; Sunny Optical (02382. HK) dropped by 2.55%. The three major oil companies followed the market trend downward, with CNPC (00857. HK) declining by 3.09%; CNOOC (00883. HK) and Sinopec (00386. HK) both falling by over 2%. Some biotech and pharmaceutical stocks performed well, with BeiGene (06160. HK) rising by nearly 3%; Hansoh Pharmaceutical (03692. HK) increased by 2.16%.
The China Securities Regulatory Commission ( SFC ) pointed out that Lide Education (01449. HK ), with its highly concentrated equity, closed at 0.925 yuan on half a day, 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.
(HK stock quotes are delayed by at least fifteen minutes. Short selling data as of 2026-10-15 16:25.) (US stock quotes are provided in real-time; except for OTC market stocks, data is delayed by at least 15 minutes.)
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