Hong Kong stocks slipped on Monday, snapping a two-day rebound, as investors stayed cautious and awaited clearer policy direction ahead of China’s Central Economic Work Conference later this month.
The Hang Seng Index lost 0.4 per cent to 25,982.30 as of 9.50am local time, after swinging between gains and losses. The Hang Seng Tech Index rose 0.2 per cent. On the mainland, the CSI 300 Index gained 0.4 per cent and the Shanghai Composite Index strengthened 0.2 per cent.
Blind-box toymaker Pop Mart International slumped 5.1 per cent to HK$207.80, while biotechnology firm Innovent Biologics tumbled 6 per cent to HK$86.45. WeChat operator Tencent Holdings lost 0.7 per cent to HK$605.50.
Limiting losses, search-engine giant Baidu jumped 4.2 per cent to HK$126.70 after it said it is assessing a spin-off listing for its non-wholly owned unit, Kunlunxin (Beijing) Technology. Chinese home-grown chipmaker Semiconductor Manufacturing International Corporation advanced 2.6 per cent to HK$71.60, while food-delivery service provider Meituan added 1.3 per cent to HK$100.30.
Investors are closely watching for policy clues from the coming economic conference in Beijing, which is expected to set priorities for 2026. Markets are looking for signals on support measures for technology, consumption and property. Traders are also weighing domestic earnings prospects against lingering concerns about global interest-rate policies and geopolitical risks.
Two stocks debuted today. Suzhou Novosense Microelectronics declined 2.3 per cent to HK$113.50 while Shanghai Able Digital Science & Tech surged 29 per cent to HK$87.20.
