Hong Kong Stocks Open Lower as Investors Await US Election Results

MT Newswires Live

2024-11-06

Hong Kong stocks opened 215.17 points lower in Wednesday's morning trading amid the ongoing elections in the US, with tech stocks leading the decline.

The Hang Seng Index opened at 20,791.80 on Wednesday, lower than Tuesday's close at 21,006.97.

Alibaba (HKG:9988) is down 4%, while that of Meituan (HKG:3690) and Xiaomi (HKG:1810) each fell 3%. Tencent (HKG:0700) slid 2% during midday trading.

The HSI slid 2.42%, or 509.25 points, to 20,497.72, during Wednesday's midday break.

As of 12:08 pm Hong Kong time, former President Donald Trump is leading the race over Vice President Kamala Harris, with Trump having 214 electoral votes and Harris trailing at 179.

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