Hang Seng falls 1.26% as tech stocks slide, Link REIT leads gains on interim results

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Hong Kong shares ended the market lower as tech shares broadly declined, while Link Real Estate Investment Trust (0823) topped the blue-chip index following the interim results…

Hong Kong shares ended the market lower as tech shares broadly declined, while Link Real Estate Investment Trust (0823) topped the blue-chip index following the interim results announcement.

The benchmark Hang Seng Index retreated 307 points, or 1.26 percent, to 24,008 points, bringing the full-day market turnover to 24,008 points.

The tech constituents delivered mixed performance. Z.AI (2513) and Minimax (0100) plunged 9 percent and 7.83 percent, while Shanghai Iluvatar CoreX Semiconductor (9903) surged 8.85 percent.

Tech heavyweights broadly declined. Alibaba (9988) dropped 6.76 percent as the worst-performing blue chip, followed by Kuaishou (1024) that fell 5.3 percent. Tencent (0700) also fell 2.64 percent.

Link REIT advanced 3.23 percent as the best-performing blue chip following the release of its interim results for the 2026/2027 period, which recorded a modest rise of 0.4 percent year-on-year in total distributable income to HK$3.3 billion.

In the mainland, the Shanghai Stock Exchange Composite Index slipped 24 points, or 0.67 percent, to 3,655 points, and the Shenzhen Stock Exchange Composite Index fell 1.68 percent to 11,197 points.

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