Hong Kong stocks slipped on Monday, snapping a two-day rebound, as investors stayed cautious and awaited clearer policy direction ahead of China’s Central Economic Work Conference later this month.
The Hang Seng Index lost 1.2%, while the Hang Seng Tech Index was plat.
In terms of star stocks, Pop Mart fell 9%; Laopu Gold fell 7%; Mixue Group fell 3%; Trip.com fell 2%; Kuaishou and Alibaba fell 1%; Tencent fell 0.8%; Xiaomi fell 0.5%; while Baidu rose 4%; CATL and SMIC rose 3%.
Investors are closely watching for policy clues from the coming economic conference in Beijing, which is expected to set priorities for 2026. Markets are looking for signals on support measures for technology, consumption and property. Traders are also weighing domestic earnings prospects against lingering concerns about global interest-rate policies and geopolitical risks.
