Hong Kong Stocks End Lower Amid Tech Valuation Fears; Seres Group Flat in Debut

MT Newswires Live

2025/11/05

Hong Kong stocks trended downwards Wednesday, tracking a selloff on Wall Street amid renewed concerns over stretched tech valuations.

The Hang Seng Index decreased by around 16.99 points, or roughly 0.1%, to 25,935.41, while the Hang Seng China Enterprises Index fell around 9.97 points, or 0.1%, to 9,163.24.

The CEOs of Wall Street giants Morgan Stanley and Goldman Sachs recently warned that equity markets may be approaching a potential pullback, highlighting mounting worries over elevated valuations.

Meanwhile, Hong Kong's private sector expanded for a third straight month in October, with growth momentum strengthening on firmer domestic demand and rising orders from mainland China, S&P Global said.

The S&P Global Hong Kong SAR Purchasing Managers' Index rose to 51.2 from 50.4 in September, marking the strongest improvement in business conditions since November 2024.

In corporate news, Chinese new energy vehicle maker Seres Group (HKG:9927; SHA:601127) made a flat trading debut in Hong Kong, closing at HK$131.50 -- unchanged from its offer price.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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SHA:601127) made a flat trading debut in Hong Kong, closing at HK$131.50 -- unchanged from its offer price.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MCH","symbol_name":"小H股指","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2581741674","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581741674","pubTimestamp":1762332521,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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