HK Stocks Close Lower. HSTECH Slides 3.3%; Ganfeng Lithium down 11%; Zijin Gold, Wuxi Bio, SMIC down over 7%; Baidu, Alibaba, NIO down around 5%

Market Watcher

Oct 10, 2025

On October 10, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 1.73%, the Hang Seng China Enterprises Index dropped by 1.80%, and the Hang Seng Tech Index declined by 3.27%.

Ganfeng Lithium down 11%; Zijin Gold, Wuxi Bio, SMIC down over 7%; Baidu, Alibaba, NIO down around 5%; Jiangxi Copper, Hua Hong Semi, XPeng down over 4%.

Golden Leaf International Group surged by 330.00% on its first day of listing, opening 500% higher and attracting significant market attention. The company is a local electromechanical engineering contractor in Hong Kong.

Shanghai Zhida Technology Development also had a strong debut, rising by 192.14% on its first day of trading, opening 183% higher. The stock was oversubscribed by over 11,000 times, earning the title of "oversubscription king."

CATL experienced a significant decline of 7.18% after both Morgan Stanley and JPMorgan downgraded the stock ratings. The downgrades were influenced by the upcoming expiration of the lock-up period and concerns about the energy storage industry's transition to higher quality development in China.

NAYUKI rose by 4.03% as the company opened its first store in the US, achieving a three-day sales record of nearly USD 87,000. The company plans to accelerate its overseas expansion with a second store in New York's Long Island.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1185240085"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1185240085\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1185240085?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-10 16:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185240085","market":"hk","top_or_hot":-1,"title":"HK Stocks Close Lower. HSTECH Slides 3.3%; Ganfeng Lithium down 11%; Zijin Gold, Wuxi Bio, SMIC down over 7%; Baidu, Alibaba, NIO down around 5%","media":"Market Watcher","content":"<html><head></head><body><p>On October 10, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 1.73%, the Hang Seng China Enterprises Index dropped by 1.80%, and the Hang Seng Tech Index declined by 3.27%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e25160f7014a0aafbcdc5cd7415479d1\" tg-width=\"957\" tg-height=\"141\"/></p><p>Ganfeng Lithium down 11%; Zijin Gold, Wuxi Bio, SMIC down over 7%; Baidu, Alibaba, NIO down around 5%; Jiangxi Copper, Hua Hong Semi, XPeng down over 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fd2bc80df6a48fb8d204a288a517f3ee\" tg-width=\"675\" tg-height=\"711\"/></p><p><a href=\"https://laohu8.com/S/08549\">Golden Leaf International Group</a> surged by 330.00% on its first day of listing, opening 500% higher and attracting significant market attention. The company is a local electromechanical engineering contractor in Hong Kong.</p><p><a href=\"https://laohu8.com/S/02650\">Shanghai Zhida Technology Development</a> also had a strong debut, rising by 192.14% on its first day of trading, opening 183% higher. The stock was oversubscribed by over 11,000 times, earning the title of &#34;oversubscription king.&#34;</p><p><a href=\"https://laohu8.com/S/03750\">CATL</a> experienced a significant decline of 7.18% after both Morgan Stanley and JPMorgan downgraded the stock ratings. The downgrades were influenced by the upcoming expiration of the lock-up period and concerns about the energy storage industry&#39;s transition to higher quality development in China.</p><p><a href=\"https://laohu8.com/S/02150\">NAYUKI</a> rose by 4.03% as the company opened its first store in the US, achieving a three-day sales record of nearly USD 87,000. The company plans to accelerate its overseas expansion with a second store in New York&#39;s Long Island.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HK Stocks Close Lower. 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HSTECH Slides 3.3%; Ganfeng Lithium down 11%; Zijin Gold, Wuxi Bio, SMIC down over 7%; Baidu, Alibaba, NIO down around 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1027265475\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Watcher </p>\n<p class=\"h-time\">2025-10-10 16:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On October 10, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 1.73%, the Hang Seng China Enterprises Index dropped by 1.80%, and the Hang Seng Tech Index declined by 3.27%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e25160f7014a0aafbcdc5cd7415479d1\" tg-width=\"957\" tg-height=\"141\"/></p><p>Ganfeng Lithium down 11%; Zijin Gold, Wuxi Bio, SMIC down over 7%; Baidu, Alibaba, NIO down around 5%; Jiangxi Copper, Hua Hong Semi, XPeng down over 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fd2bc80df6a48fb8d204a288a517f3ee\" tg-width=\"675\" tg-height=\"711\"/></p><p><a href=\"https://laohu8.com/S/08549\">Golden Leaf International Group</a> surged by 330.00% on its first day of listing, opening 500% higher and attracting significant market attention. The company is a local electromechanical engineering contractor in Hong Kong.</p><p><a href=\"https://laohu8.com/S/02650\">Shanghai Zhida Technology Development</a> also had a strong debut, rising by 192.14% on its first day of trading, opening 183% higher. The stock was oversubscribed by over 11,000 times, earning the title of &#34;oversubscription king.&#34;</p><p><a href=\"https://laohu8.com/S/03750\">CATL</a> experienced a significant decline of 7.18% after both Morgan Stanley and JPMorgan downgraded the stock ratings. The downgrades were influenced by the upcoming expiration of the lock-up period and concerns about the energy storage industry&#39;s transition to higher quality development in China.</p><p><a href=\"https://laohu8.com/S/02150\">NAYUKI</a> rose by 4.03% as the company opened its first store in the US, achieving a three-day sales record of nearly USD 87,000. The company plans to accelerate its overseas expansion with a second store in New York&#39;s Long Island.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSCEI","symbol_name":"国企指数","start_time":0,"source_url":"","article_id":"1185240085","we_media_id":"1027265475","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185240085","pubTimestamp":1760084785,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Watcher","introduction":"stay tuned on realtime market movements","home_visible":1,"id":"1027265475","head_image":"https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72"},"summary":"Hong Kong stock market opened lower on Friday. 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The Hang Seng Index fell by 1.73%, the Hang Seng China Enterprises Index dropped by 1.80%, and the Hang Seng Tech Index declined by 3.27%.Ganfeng Lithium down 11%; Zijin Gold, Wuxi Bio, SMIC down over 7%; Baidu, Alibaba, NIO down around 5%; Jiangxi Copper, Hua Hong Semi, XPeng down over 4%.Golden Leaf International Group surged by 330.00% on its first day of listing, opening 500% higher and attracting significant market attention. The company is a local electromechanical engineering contractor in Hong Kong.Shanghai Zhida Technology Development also had a strong debut, rising by 192.14% on its first day of trading, opening 183% higher. The stock was oversubscribed by over 11,000 times, earning the title of \"oversubscription king.\"CATL experienced a significant decline of 7.18% after both Morgan Stanley and JPMorgan downgraded the stock ratings. 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