The Hang Seng Index dropped 0.6 per cent to 19,440.08 as of 10.18am local time while the Tech Index declined 0.8 per cent. Mainland’s benchmark gauges also weakened, with the CSI 300 Index slipping 0.2 per cent and the Shanghai Composite Index losing 0.1 per cent.
EV makers Xpeng dropped 1.4 per cent to HK$48.10 while peer Li Auto slipped 1.5 per cent to HK$87.50. Pork processor WH Group lost 2.2 per cent to HK$6.12 and developer New World Development slid 1.5 per cent to HK$6.51.
Limiting losses, personal-computer maker Lenovo Group rallied 3.5 per cent to HK$9.43 yuan and biopharmaceutical firm Wuxi Biologics added 2.6 per cent to HK$15.92.
Sentiment remains fragile even as reports this week showed manufacturing in China rebounded last month by the most in five months. Analysts have said China’s stimulus blitz in late September may not be enough to convince investors, who are worried about possible US measures to limit Chinese exports under the incoming Trump administration.
