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HK stocks slip as regional markets return to AI plays

Xenia. W by Xenia. W
9 June 2026
in Business, News
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Asian stocks enjoyed a partial rebound on Tuesday from a rout the day before as investors returned to the AI trade while easing Middle East tensions also provided support and pushed oil prices down.

In Hong Kong, the benchmark Hang Seng Index opened down 105 points, or 0.43 percent, at 24,551.

The China enterprises index was 27 points, or 0.33 percent, lower at 8,313 while the tech index was down 12 points, or 0.26 percent, at 4,743.

On the mainland, the Shanghai Composite Index opened up 18 points, or 0.46 percent, at 3,977.

The Shenzhen Component Index was up 171 points, or 1.16 percent, at 14,992 while the ChiNext Index was 53 points, or 1.41 percent, higher at 3,865.

In Tokyo, the Nikkei 225 index opened 601 points, or 0.9 percent, higher at 64,625.

In Seoul, the Kospi was 226 points, or 3.03 percent, up at 7,711 at one stage before midday after opening 213 points, or 2.85 percent, higher at 7,697 as investors snapped up beaten-down technology stocks following the market’s steepest one-day decline in three months on Monday.

The gains across most equity markets followed a rebound on Wall Street fuelled by a race to pick up cheaper assets after a sell-off sparked by bets on a US interest rate hike and warnings over tech firms’ valuations.

News that the US economy had created more than double the number of jobs than expected in May indicated it remained in rude health but put pressure on the Federal Reserve to tighten monetary policy as it also battled surging inflation.

That came after disappointing revenue forecasts from chip giant Broadcom had sparked jitters about the AI sector, which has helped drive markets to record highs this year.

A plunge in tech firms in New York on Friday was followed by a similar collapse for their Asian counterparts on Monday, sending Seoul’s Kospi down more than eight percent.

However, analysts said the selling was largely driven by profit-taking and could be seen as a healthy pause in a rally that has run since March. (AFP & 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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