This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Hong Kong slipped Friday, as the Hang Seng Index fell 0.5% to 23345.05, the second consecutive session of decreases.

Among local companies with a market cap of at least 40 billion Hong Kong dollars ($5.12 billion), Alibaba Group Holding was the biggest laggard, falling 4.3%, followed by shares of Hang Seng Bank, which declined 3.2%. Shares of Meituan dropped 3.0%.

NetEase Cloud Music was the biggest leader during the session, jumping 7.1%, and MIXUE Group surged 6.3%. Horizon Robotics Cl B rounded out the top three movers, as shares surged 5.3%.

On the currency front, the WSJ Dollar Index declined 0.1% to 96.72. The U.S. dollar weakened 0.1% against the Hong Kong dollar to HK$7.81.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 16, 2025 04:31 ET (08:31 GMT)

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