Hong Kong Stocks Closed Lower, Chifeng Gold Rose 21.17% While Meituan Down 8% and Xpeng Down 7%

Market Watcher
04-16

On April 16, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 1.91%, the Hang Seng Tech Index declined by 3.72%.

The Hong Kong tech stocks sector experienced significant declines, with MEITUAN-W down 8%, XPENG-W down 7%, JD-SW and NIO-SW down 5%, XIAOMI-W , LI AUTO-W and Alibaba dropping by 4.00%, Tencent Holdings falling by 3.72%.

Chifeng Gold saw a significant rise of 21.17%, attributed to the recent increase in gold prices and strong quarterly performance. Zhaojin Mining also benefited from the gold price surge, rising by 8.49%. SD Gold followed suit with a 7.44% increase.

The Hong Kong real estate sector showed some resilience with Sunac rising by 5.63% and Longfor Group increasing by 1.90%.

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