Hong Kong Stocks Open Lower, EVERG SERVICES Surged 22%; Alibaba And JD Fell 2%

Market Watcher
01-13

On January 13, 2025, the Hong Kong stock market opened lower. The Hang Seng Index (HSI) fell by 1.28%, the Hang Seng China Enterprises Index (HSCEI) decreased by 1.03%, the Hang Seng Tech Index (HSTECH) dropped by 1.28%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) slightly declined by 0.63%.

The Evergrande series saw a notable increase, with EVERG SERVICES surging 22%.

The popular tech stocks in Hong Kong experienced a decline, with BABA-W down 2%, XIAOMI-W down 1%, JD-SW decreasing by 2%, and BEKE-W falling 1%.

BEKE-W repurchased 915,600 shares for $5 million on January 10, 2025, which may have influenced its stock price.

ZTO EXPRESS-W fell 1.8% after repurchasing approximately 352,800 shares for about $6.34 million on January 10, 2025.

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