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AI spending worries weigh on HK and regional markets

Xenia. W by Xenia. W
24 July 2026
in Business, News
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Hong Kong and mainland stocks were weighed down by worries that a moderation in AI spending by mega US technology firms will dampen the outlook for heavyweight Asian chipmakers.

In Hong Kong, the benchmark Hang Seng Index opened down 278 points, or 1.1 percent, at 24,932.

The tech index was down 87 points, or 1.86 percent, at 4,611 while the China enterprises index was down 94 points, or 1.13 percent, at 8,257.

Up north, the Shanghai Composite Index opened down 23 points, or 0.6 percent, at 3,853.

The Shenzhen Component Index was down 208 points, or 1.5 percent, at 13,915, while the ChiNext Index was down 60 points, or 1.7 percent, at 3,515.

In Tokyo, the Nikkei opened down 838 points, or 1.26 percent, at 65,584 before losses piled up to put the 225 benchmark 1,853 points, or 2.79 percent, lower at 64,568 at one stage before lunch.

In Seoul, the pattern was the same as the Nikkei’s, with the Kospi losing further ground to be 324 points, or 4.57 percent, lower at 6,772 at one stage before midday after opening down 96 points, or 1.35 percent, at 7,000.

Chipmakers, ⁠in particular South Korea’s SK Hynix and Samsung Electronics, have been among the biggest beneficiaries of the AI spending boom, making them vulnerable to any slowdown in outlays. (Reuters & Xinhua)

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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