Hang Seng slips 0.13% to 24,448.95 after early gains fade

The Hang Seng Index closed lower on Monday, November 9, 2026, after an initially stronger start. The benchmark ended at 24,448.95 points, down 32.91 points, or 0.13 percent, from Friday's close of 24,481.86. The closing figure and sector performance were reported by Xinhua, while Friday's comparison close was reported in Xinhua's November 6 market report.

Early advance gives way to weakness

The index opened at 24,625.71 points, up 0.59 percent, according to China Daily. The later decline left the benchmark only modestly below Friday's close, but it marked a clear reversal from the morning direction. Full-day turnover reached HKD 173.7 billion, according to the China Labour Bulletin Board.

Meituan weighs on technology shares

Meituan fell 6.53 percent and was the weakest-performing blue chip cited in the market report, putting pressure on the broader index. CATL declined 2.68 percent, while Alibaba slipped 0.29 percent and Tencent lost 0.33 percent. The Hang Seng Tech Index fell 0.92 percent to 4,040.73 points, according to Xinhua. The session was not uniformly weak: Hua Hong Grace Semiconductor rose 2.35 percent and Semiconductor Manufacturing International gained 1 percent, while gold, coal and pharmaceutical shares were among the stronger groups reported by Cailian Press in its closing market account.

Investors assess a fragile rebound

Monday's small decline followed a much sharper 1.27 percent fall on Friday, when the Hang Seng closed at 24,481.86 points. The two-session sequence leaves the benchmark below last week's close despite the index having posted a strong weekly advance through November 6, according to market reports. For investors, the session illustrates the uneven character of the rebound: selected sectors attracted buying, but weakness in large technology and internet names continued to limit the index's upside.

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