Hang Seng Index Update: Tech Stocks Slide, Oil & Gold Shine Amid Volatility

June 13, 2025: The escalating geopolitical tensions in the Middle East rattled financial markets today, leading to a cautious start on the Hong Kong Stock Exchange.

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The Hang Seng Index opened lower by 75 points (0.31%), standing at 23,959 points, while the H-share index declined 41 points (0.47%) to 8,688 points. The technology sector also took a hit, dropping 50 points (0.95%) to close at 5,280 points.

Tech Stocks See Mixed Movements

Within the tech space, stocks experienced mixed performances.

Tencent edged up slightly by 0.1%, showing resilience amid the uncertainty.
However, major players such as Alibaba (-1.5%), Meituan (-1.2%), Xiaomi Group (-0.5%), and Kuaishou (-1.7%) recorded declines, reflecting a general softening trend in the sector.

Financial Stocks Show Divergence

Financial stocks demonstrated varied reactions:

HSBC Holdings nudged upward by 0.1%.
Prudential remained largely flat.
Meanwhile, China Ping An (-0.5%) and the Hong Kong Stock Exchange (-0.3%) saw modest declines.