FX.co ★ Hong Kong Stocks Remain Under Pressure

On Tuesday morning, Hong Kong's stock market experienced a decline, with the index falling by 371 points, or 1.4%, settling at 25,258. This downward trend continued the significant losses from the previous day, as all sectors saw a downturn. Investor sentiment remained cautious due to downturns in mainland markets, reflecting weak November data that pointed to fragile industrial production and retail sales amidst sluggish external demand and unstable domestic conditions. Local shares approached their lowest level in a week, following a negative trend from Wall Street, where challenges in AI and the tech sector continued. However, some of these losses were mitigated by positive domestic reports indicating that Hong Kong's manufacturing output increased for the fourth consecutive quarter in the third quarter of 2025, marking the most robust growth in almost three years. Additionally, hedge funds continued to increase their holdings in U.S. equities for the sixth week in a row. On the corporate scene, China Vanke announced plans to hold another bondholder meeting after failing to obtain approval to delay a bond payment due on Monday by a year. Early losses were noted in companies such as XPeng (-3.2%), SenseTime (-2.8%), Xiaomi (-1.8%), and Kunlun Energy (-1.3%).