11th September 2026 – (Hong Kong) Hong Kong equities weakened through the morning, with the Hang Seng Index opening 236 points lower at 24,718 before dropping as much as 384 points to an intraday low of 24,570. By the midday break, the benchmark was down 211 points at 24,742, while turnover reached HK$118.83 billion. The Hang Seng Tech Index slipped 0.8 per cent to 4,296 as sentiment stayed cautious.
Market breadth remained mixed. Tencent (00700) gained about 1 per cent and was last seen at HK$430.60, bucking the broader decline. In contrast, Minimax (00100) fell more than 8 per cent and Zhipu (02513) shed over 4 per cent. Sun Hung Kai Properties (00016) retreated nearly 8 per cent following results, and Zijin Mining (02899) dropped more than 7 per cent.
Intraday moves highlighted elevated volatility. At 1.00pm, the market’s early‑afternoon slide narrowed slightly, leaving the Hang Seng Index down 180 points at 24,773 on turnover of HK$121.4 billion, with the Tech Index 0.5 per cent lower at 4,307. Shortly after, at 1.02pm, Zhida Technology (02650) gave back around 30 per cent to a low of HK$10.22. By 1.07pm, Zhipu was down roughly 5 per cent and Minimax more than 8 per cent. Alibaba (09988) turned up nearly 0.3 per cent at 1.14pm, while Xiaomi (01810) advanced over 2 per cent to as high as HK$26.66 at 1.18pm. At 1.22pm, Huayan Robotics (01021) briefly triggered the volatility control mechanism and was last up more than 60 per cent, touching HK$17.
