{"id":378646,"date":"2025-12-29T17:42:12","date_gmt":"2025-12-29T17:42:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/378646\/"},"modified":"2025-12-29T17:42:12","modified_gmt":"2025-12-29T17:42:12","slug":"slow-trade-drives-hong-kong-stocks-lower-ahead-of-new-year-holiday","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/378646\/","title":{"rendered":"Slow trade drives Hong Kong stocks lower ahead of New Year holiday"},"content":{"rendered":"

Hong Kong stocks<\/a> kicked off the last two and a half trading days of the year on a subdued note on Monday, as transactions slowed down and a government report showed that Chinese industrial companies posted a bigger profit decline.<\/p>\n

The Hang Seng Index sank 0.7 per cent to 25,635.23 at the close, giving up an earlier gain of as much as 1 per cent spurred by expectations about policies from Beijing to shore up growth and a so-called Santa Claus rally in global equities. The Hang Seng Tech Index lost 0.3 per cent.<\/p>\n

Shares worth HK$224.5 billion (US$28.9 billion) changed hands in Hong Kong throughout the day, 10 per cent below the average for the year.<\/p>\n

On the mainland, the CSI 300 Index fell 0.4 per cent and the Shanghai Composite Index was little changed.<\/p>\n

It is the second consecutive shortened trading week for Hong Kong\u2019s stock market, with investors returning on Monday after last week\u2019s two-day Christmas holiday. The city\u2019s financial market will trade for half a day on Wednesday and close on Thursday for New Year\u2019s Day. Mainland\u2019s markets will be closed on Thursday and Friday.<\/p>\n

Xiaomi shed 1.6 per cent to HK$38.58 after a co-founder planned to cut his stake<\/a> in the smartphone and electric-car maker. Alibaba Group Holding slid 1.9 per cent to HK$143.30 and Tencent Holdings dropped 1.1 per cent to HK$596.50.<\/p>\n

Limiting the losses, electric vehicle maker BYD rallied 3.7 per cent to HK$97.10 after China\u2019s finance ministry said it would extend a trade-in programme for consumer goods into 2026. Peer Li Auto gained 1.6 per cent to HK$66.10.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong stocks kicked off the last two and a half trading days of the year on a…\n","protected":false},"author":2,"featured_media":378647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,29948,29949,164,9067,16521,29950],"class_list":{"0":"post-378646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-china-stocks","12":"tag-csi-300-index","13":"tag-economy","14":"tag-hang-seng-index","15":"tag-hong-kong-stocks","16":"tag-shanghai-composite-index"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/378646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=378646"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/378646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/378647"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=378646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=378646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=378646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}