25.06.202602:20:57UTC+00Hong Kong Stocks Sink to One-Year Low

The Hang Seng Index fell 305 points, or 1.3%, to 23,106 on Thursday, giving back gains from the previous session and closing at its lowest level since June 2025, as investors stayed cautious ahead of Hong Kong’s trade balance data. The decline was partly offset by strength in technology stocks after Micron Technology issued a stronger‑than‑expected forecast and underscored solid AI‑driven demand for memory chips, lifting sentiment across the semiconductor sector.

At the same time, lower oil prices—pressured by signs of rising supply and progress in US–Iran peace talks—helped ease inflation concerns. Investors also continued to track robust southbound inflows from mainland China, which have been supporting Hong Kong equities amid a revival in IPO activity.

Among notable decliners were Tencent (-2.0%), Meituan (-3.5%), Xiaomi (-3.8%), Trip.com (-7.8%), and Pop Mart International (-3.2%).