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

MT Newswires Live

Nov 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.

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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\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MHI","symbol_name":"小恒指","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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