Hong Kong stocks open lower, Tencent drops 1.36%, Xiaomi edges down 0.15%
Market Watcher09-24
On September 24, 2026, the Hong Kong stock market opened lower. The Hang Seng Index (HSI) fell by 0.74%, the Hang Seng China Enterprises Index (HSCEI) dropped by 0.70%, the Hang Seng China-Affiliated Corporations Index (HSCCI) declined by 0.48%, and the Hang Seng Tech Index (HSTECH) decreased by 0.78%.
In terms of sector performance, the Hong Kong paper industry stocks showed notable gains, with ND PAPER rising 3.29%. Meanwhile, the Hong Kong gold stocks and internet healthcare sectors experienced declines, with both sectors down by 1.00%. Key stocks in the Hong Kong tech sector also saw mixed performance, with TENCENT down 1.36% and XIAOMI-W slightly down by 0.15%.
TENCENT fell 1.36% after the company announced a share buyback on September 23, 2026, repurchasing 227,000 shares for approximately HKD 100 million at a price range of HKD 438.80 to HKD 453.60 per share. Additionally, Tencent granted 5,280 new shares under its share option plan.
CCB declined 0.78% following the successful issuance of its second tranche of 2026 perpetual capital bonds, amounting to RMB 40 billion with a coupon rate of 1.83%. This issuance is part of a previously approved plan to issue up to RMB 700 billion in capital instruments.
XIAOMI-W edged down 0.15% despite the launch of its Xiaomi 18 Pro series, which features a Qualcomm 2nm GAA process flagship platform and enhanced interoperability with Apple's ecosystem, including cross-device unlocking and cloud synchronization.
KUAISHOU-W dipped 0.26% after announcing a share buyback on September 23, 2026, repurchasing 1.302 million Class B shares for approximately HKD 39.96 million at a price range of HKD 30.5 to HKD 30.8 per share.
STANCHART dropped 1.00% as the company disclosed a share buyback on September 22, 2026, involving 353,900 shares for approximately GBP 8.09 million. The buyback was conducted under an authorization approved on May 7, 2026.
XTALPI fell 1.31% after announcing the grant of 668,900 share options and 453,890 restricted share units under its 2026 equity plan on September 23, 2026. The grants are subject to acceptance before becoming effective.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.