The Hang Seng Index fell 0.08% by midday on Monday as selling pressure hit real estate and financial shares. While technology stocks showed gains, trading remained quiet because mainland Chinese markets closed for the National Day holiday. Investors now watch Golden Week spending data to see how consumer demand looks.
Synopsis
Hong Kong stocks edged lower as selling pressure in real estate and financial shares offset gains in technology stocks. The Hang Seng Index fell 0.08% by midday, while the Hang Seng Tech Index rose 0.3%. Trading remained subdued with mainland Chinese markets shut for the National Day holiday.
Hong Kong stocks edged lower on Monday as selling in property developers and financial heavyweights offset modest gains in technology shares, with trading volumes subdued as mainland Chinese markets remained closed for the National Day holiday, Reuters reported.
The benchmark Hang Seng Index fell 0.08% by midday, while the Hang Seng China Enterprises Index was little changed, according to Reuters.
S&P 500 Top Gainers
Synopsys489.90(18.02%)
Hewlett Packard69.35(12.76%)
Accenture198.99(12.23%)
ON Semiconductor84.89(11.77%)
S&P 500 Top Losers
Corteva11.92(-84.69%)
AppLovin268.22(-12.25%)
Coterra Energy32.56(-8.62%)
Western Digital415.29(-8.42%)
Rate-sensitive sectors remained under pressure. The real estate sector declined 0.9%, while an index tracking major banks and insurers fell 0.7%.
Technology stocks provided some support, with the Hang Seng Tech Index rising 0.3%. Semiconductor and printed circuit board stocks led the gains. Kingboard Laminates surged 9%, while Hua Hong Grace Semiconductor climbed 4%.
Live Events
China's onshore financial markets are closed from Oct. 1 through Oct. 7 for the National Day holidays, with trading scheduled to resume on Oct. 8. Investors are closely watching travel and retail spending during the week-long Golden Week holiday for early indications of consumer demand heading into the fourth quarter.
Reuters reported that Citi analysts viewed early Golden Week activity as underwhelming, with retail and tourism spending likely weakening on a per-traveller basis despite steady visitor numbers.
Among individual stocks, Budweiser Brewing Company APAC fell 2.1% to HK$5.555, its lowest level since the company's September 2019 debut.
The brewer expects to incur a $52 million non-underlying withholding tax charge following an internal restructuring involving some of its mainland Chinese subsidiaries. Reuters reported that the restructuring aims to improve capital efficiency.
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
Q2 earnings season: Will it settle or add to confusion in the stock market?
How Sebi busted Growpital’s ‘assured’ returns, LLPs and money trail
The biggest assumption: From $600 billion to $2 trillion
A for apple, Y for yak and, for the first time, a price next to it. Will this change the non-agri part of the rural economy?
Six months after oil spiked, why are markets reacting so sharply now?
Oil, money, and the shifting global order
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Name
Reason for reporting:
Foul languageSlanderousInciting hatred against a certain communityOthers
Your Reason has been Reported to the admin.
Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories
& personalised newsletters
Login Now
Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &
in-depth stock reports
Subscribe Now
ET
Unlock Access to All Exclusives with ETPrime FREE TRIAL
15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers
Trial offer expiring in00 : 05 : 00
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Unlock ETPrime's Exclusive Stories Today!
Subscribe to gain powerful insights on business, stock market and industry trends.
Big Price Drop! Flat 40% Off
Student Only Offer
Already a Member? Sign In now
Already a Member? Sign In now
Already a Member? Sign In now
Offer Exclusively For You
Save up to Rs. 700/-
ON ET PRIME MEMBERSHIP
Avail Offer
Offer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail Offer
Offer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail Offer
Offer Exclusively For You
Get Flat 40% Off
Then ₹ 1749 for 1 year
Avail Offer
Offer Exclusively For You
ET Prime at ₹ 49 for 1 month
Then ₹ 1749 for 1 year
Avail Offer
Special Offer
Get flat 40% off on ETPrime
Avail Offer
Avail Offer
Claim Now
Already a Member? Sign In now
Need Assistance?
Connect with an ETPrime expert for personalized support and guidance
What’s Included with
ETPrime Membership
1Exclusive Insights That Matter
Uncover the truth with our investigative stories
Make strategic moves using the real-world case studies
Read industry-specific stories to identify emerging trends
Spot opportunities with in-depth insights that matter
Trump temper on H-1B visas is forcing Indians to do these things to stay put in US
What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.
Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?
The problem with lab grown diamonds
Why a falling rupee is a better option for the economy
A list of top 20 momentum stocks that have delivered massive returns in one year
2Invest Wisely With Smart Market Tools & Investment Ideas
Get daily trade ideas from SEBI-registered research analysts.
Grow your wealth with stock ideas & sectoral trends.
All-in-one stock research with Stock Score, peer comparison & key signals.
Get to know where the market bulls are investing to identify the right stocks.
Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
3Stay informed anytime, anywhere with ET ePaper
ePaper - Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper - Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
4Times Of India Subscription (1 Year)
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
5Enjoy Complimentary Subscriptions From Top Brands
Docubay Subscription
Stream new documentaries from all across the world every day.