Hong Kong's Hang Seng Index Falls, Weighed by Bud APAC, Lenovo -- Market Talk

Dow Jones
02/12

0846 GMT - Hong Kong's benchmark Hang Seng Index closed 0.9% lower at 27032.54, weighed by corporate earnings. Budweiser Brewing Co. APAC and Lenovo Group ended down 5.2% and 4.6%, respectively. Beer brewer Bud APAC's net profit declined on a soft China performance, which its chief executive described as "below our potential." Lenovo's earnings beat estimates on demand driven by artificial intelligence, but the personal-computer maker's shares fell against a backdrop of surging memory-chip prices. Meanwhile, Meituan's shares finished 4.5% lower after Moody's Ratings cut its ratings outlook for the company to negative, citing rising uncertainty for its food-delivery segment's recovery path. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 12, 2026 03:46 ET (08:46 GMT)

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