Oct 3, 2025, 11:45 GMT+7
By Summer Zhen
Reuters - Hong Kong stocks fell on Friday as investors locked in gains after the index hit a new four-year high in the previous session.
** By the lunch break, the Hong Kong benchmark Hang Sengwas down 0.87%.
** Shares of tech giantswhich had surged in the previous session, led the declines on Friday, falling 1.4%.
** Automakers BYDand Xpeng dropped 4.5% and 3.9%, respectively.
** Hong Kong-listed mainland property firmswere also among the worst performers, down 1.5%.
** Market participants attributed Friday's decline to some profit-taking, given the Hang Seng has logged five straight monthly gains since May and has surpassed the key 27,000 level.
** Short-term volatility aside, some analysts believe Hong Kong stocks' bull run still has legs.
** "Valuations in Chinese equities remain very attractive and the rapid development of the country's huge tech sector has generated a lot of interest," Sandy Pei, senior portfolio manager for Asia ex-Japan at Federated Hermes, said in a note.
** Mainland China markets are closed from October 1 to 8 for the Golden Week holiday.
Sumber : Reuters
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