The Hong Kong stock market ended the trading week under pressure, dragged lower by broad selling in technology names and profit-taking across sectors. The Hang Seng Index (HSI) closed the trading session on Oct 10 at 26,290, down more than 1.7% for the day and signalling a fifth straight session of declines.
Throughout the week, the HSI struggled to hold ground above the 27,000 mark, reversing earlier gains seen at the start of the session.
 Profit-taking in mega-cap tech stocks, spurred by concerns over valuations and slowing momentum, led the rout.
In the financial sector, Hang Seng Bank became a major flashpoint after HSBC announced a plan to privatise the bank by purchasing the remaining shares it does not already own. The announced offer at HK$155 per share, representing a roughly 30% premium, triggered sharp trading in the stock and contributed to volatility in financial counters.
Comparatively, mainland retail trends during the Golden Week holiday disappointed, underscoring sluggish domestic consumption in China and dampening sentiment in consumer- and retail-linked names.
Heading into the coming week, investors are expected to monitor China’s economic data, corporate earnings releases and global rate signals closely. The privatisation of Hang Seng Bank and developments in technology sectors may continue to dominate trading narratives in the near term.
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