Market Overview
Hong Kong stocks finished lower on Oct 21. The Hang Seng Index (HSI) closed at 23,651.87, down 0.90%; the HSCEI ended at 7,943.41, down 1.08%; the HSCCI closed at 3,939.86, down 1.29%; and the Hang Seng Tech Index finished at 3,994.77, down 1.26%. Market turnover reached HK$176.60 billion.
Storage concept stocks surged against the market trend. CSOP SK Hynix Daily Max (2x) Leveraged Product rose nearly 14%, CSOP Samsung Electronics Daily (2x) Leveraged Product gained nearly 13%, and MONTAGE TECH climbed nearly 9%.
TENCENT fell 4.04%, dropping below HK$400. The move coincided with renewed market focus on the institutional view that heavy AI-related investment, including depreciation and research spending, is likely to continue weighing on near-term financial performance.
Sector Performance
Large-cap Tech Stocks
The large-cap tech group was mixed but mostly weaker, with Lenovo Group up 2.93%, SUNNY OPTICAL up 2.16%, and Z.AI up 2.31%, while Tencent fell 4.04%, BYD Company dropped 3.39%, and SMIC declined 2.42%.
Top Performing Sectors
Homebuilding: rose 6.67%.
Cargo Ground Transportation: rose 5.36%.
Specialized Consumer Services: rose 4.05%.
Bottom Performing Sectors
Electrical Components & Equipment: fell 6.26%.
Computer & Electronics Retail: fell 5.24%.
Forest Products: fell 5.13%.
Top 10 Gainers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
CSOP SK Hynix Daily Max (2x) Leveraged Product | 07709 | 19.62 | 13.87% |
BAIGE DIGITAL | 02672 | 71.00 | 10.94% |
MONTAGE TECH | 06809 | 221.20 | 8.97% |
DRCB | 09889 | 2.97 | 8.00% |
HAIZHI TECH GP | 02706 | 33.76 | 7.65% |
EASY SMART GP | 02442 | 46.40 | 6.76% |
EVEREST MED | 01952 | 36.06 | 6.69% |
FAMEGLOW | 03774 | 37.92 | 6.28% |
ART GROUP HOLD | 00565 | 3.85 | 5.91% |
KINWONG | 03228 | 66.65 | 5.79% |
Top 10 Losers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
REALORD TEC-NEW | 01196 | 2.70 | -15.89% |
JIA YAO HLDGS | 01626 | 25.00 | -13.97% |
CATL | 03750 | 364.80 | -11.41% |
WUXI LEAD | 00470 | 19.06 | -9.58% |
LYGEND RESOURCE | 02245 | 16.91 | -8.05% |
Shenzhen Transsion Holdings | 02636 | 34.70 | -7.96% |
CTIHK | 06055 | 24.64 | -7.44% |
HESAI-W | 02525 | 13.36 | -6.57% |
FUYAO GLASS | 03606 | 51.75 | -6.50% |
SICC | 02631 | 52.00 | -6.31% |
Closing Summary
On Oct 21, Hong Kong equities closed lower across the main benchmarks. The HSI fell 0.90%, the HSCEI dropped 1.08%, and the Hang Seng Tech Index declined 1.26%. Trading activity remained active, with total market turnover at HK$176.60 billion. Within the index set, HSCCI also weakened, ending down 1.29%.
Large-cap tech stocks were uneven. Tencent was one of the day’s weaker names, closing down 4.04% at HK$393.80. BYD Company fell 3.39%, SMIC lost 2.42%, and Meituan-W declined 1.84%. By contrast, Lenovo Group rose 2.93%, Z.AI gained 2.31%, and SUNNY OPTICAL advanced 2.16%.
Among notable movers, the strongest gainers in the market were led by CSOP SK Hynix Daily Max (2x) Leveraged Product at 13.87%, BAIGE DIGITAL at 10.94%, and MONTAGE TECH at 8.97%. On the downside, REALORD TEC-NEW fell 15.89%, JIA YAO HLDGS dropped 13.97%, and CATL declined 11.41%.
Sector data showed strength in Homebuilding, Cargo Ground Transportation, and Specialized Consumer Services, while Electrical Components & Equipment, Computer & Electronics Retail, and Forest Products were the weakest groups. Media coverage also pointed to intraday strength in Hong Kong chip-related names, including ETF-linked products and Montage Tech, while reports on Tencent emphasized pressure below the HK$400 level.
Sources: Public market data, summarized media reports
Disclaimer: This content is for reference only and does not constitute investment advice.