Hong Kong Stocks Close Lower; Li Auto Jumps 13%; Alibaba Drops 4%; Trip.com Sinks 12%

Market Watcher

25 Feb

On February 25, 2025, the Hong Kong stock market closed lower. The Hang Seng Index (HSI) fell by 1.32%, the Hang Seng China Enterprises Index (HSCEI) decreased by 1.39%, and the Hang Seng Tech Index (HSTECH) dropped by 1.57%.

In terms of sectors, the popular tech stocks were notably weak. The Hang Seng Tech Index saw a significant decline, with TENCENT dropping 2.49% due to increased orders for NVIDIA's H20 AI chips by Chinese companies, including Tencent.

BABA-W fell 3.76% amid a broader tech sell-off, despite plans to invest 380 billion RMB in cloud computing and AI infrastructure over the next three years.

MEITUAN-W experienced a 4.74% drop, reflecting the overall negative sentiment in the tech sector.

XPENG-W rose 4.43% as the company expressed confidence in becoming one of the first in China to mass-produce L3 robots, leveraging advanced technologies to enhance capabilities.

LI AUTO-W surged 12.52% as the company announced on its social media platforms today that its first all-electric SUV is the Li i8..

EVERG VEHICLE declined 2.07% following the announcement of a transaction to sell a 20% stake in its Swedish subsidiary to improve liquidity and meet tax obligations.

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The Hang Seng Index (HSI) fell by 1.32%, the Hang Seng China Enterprises Index (HSCEI) decreased by 1.39%, and the Hang Seng Tech Index (HSTECH) dropped by 1.57%.<br/><br/>In terms of sectors, the popular tech stocks were notably weak. 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The Hang Seng Index (HSI) fell by 1.32%, the Hang Seng China Enterprises Index (HSCEI) decreased by 1.39%, and the Hang Seng Tech Index (HSTECH) dropped by 1.57%.<br/><br/>In terms of sectors, the popular tech stocks were notably weak. 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The Hang Seng Index  fell by 1.32%, the Hang Seng China Enterprises Index  decreased by 1.39%, and the Hang Seng Tech Index  dropped by 1.57%.In terms of sectors, the popular tech stocks were notably weak. The Hang Seng Tech Index saw a significant decline, with $TENCENT$ dropping 2.49% due to increased orders for NVIDIA's H20 AI chips by Chinese companies, including Tencent. $BABA-W$ fell 3.76% amid a broader tech sell-off, despite ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSTECH":"恒生科技指数"},"translate_title":"港股收跌；理想汽车股价上涨13%；阿里巴巴-SW下跌4%；Trip.com下跌12%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":1,"HSI":1,"HSTECH":1},"content_text":"On February 25, 2025, the Hong Kong stock market closed lower. The Hang Seng Index (HSI) fell by 1.32%, the Hang Seng China Enterprises Index (HSCEI) decreased by 1.39%, and the Hang Seng Tech Index (HSTECH) dropped by 1.57%.In terms of sectors, the popular tech stocks were notably weak. The Hang Seng Tech Index saw a significant decline, with TENCENT dropping 2.49% due to increased orders for NVIDIA's H20 AI chips by Chinese companies, including Tencent. BABA-W fell 3.76% amid a broader tech sell-off, despite plans to invest 380 billion RMB in cloud computing and AI infrastructure over the next three years. MEITUAN-W experienced a 4.74% drop, reflecting the overall negative sentiment in the tech sector.XPENG-W rose 4.43% as the company expressed confidence in becoming one of the first in China to mass-produce L3 robots, leveraging advanced technologies to enhance capabilities. LI AUTO-W surged 12.52% as the company announced on its social media platforms today that its first all-electric SUV is the Li i8..EVERG VEHICLE declined 2.07% following the announcement of a transaction to sell a 20% stake in its Swedish subsidiary to improve liquidity and meet tax obligations.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}