Hong Kong stocks fell 110 points, or 0.4%, to 26,720 in early Wednesday trade, reversing modest gains in the prior session following Wall Street’s tech-led losses overnight. Markets in the city retreated further from last week’s 4-1/2-year high, weighed down by declines in tech and consumer shares, even as December retail sales rose for a sixth straight month at the final month of 2025. Still, strength in the Shanghai Composite helped limit losses after private survey data showed China experienced the fastest services growth in three months during January, as the Lunar New Year neared. Hong Kong’s private sector also expanded for a sixth straight month, on solid new orders and foreign demand. Among notable laggards were Minimax Group (-7.3%), Trip.com (-4.4%), Xiaomi (-2.3%), and SMIC (-2.2%). In contrast, CK Hutchison climbed 1.7% amid arbitration against Panama after the country’s supreme court voided a contract for the Hong Kong company to operate two ports in Panama.
