Gate News message, April 23 — Hong Kong stocks declined at midday close on April 23, with the Hang Seng Index falling 1.12% and the Hang Seng Tech Index dropping 2.31%.
Weighting technology stocks weakened across the board, with Xiaomi Group declining nearly 3%, while Meituan and Tencent Holdings each fell over 1%.
Airline stocks came under significant pressure, with China Eastern Airlines plunging over 7% and Air China dropping over 4%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Core Scientific Shares Fall 7% on Q1 Net Loss of $347.2M Despite Revenue Growth
According to its earnings report, Core Scientific (CORZ) reported a Q1 2026 net loss of $347.2 million on May 6, despite higher revenue and gross profit. The bitcoin miner's shares fell 7% in after-hours trading following the announcement.
The company generated $115.2 million in total revenue in Q1
GateNews4m ago
Can it still rise by 90%? SK Securities raises its target prices for Samsung and SK hynix: the memory price outlook is just beginning
Korea’s SK Securities raises target prices for Samsung Electronics and SK Hynix, believing that memory is being revalued in the AI era. Longer-term supply contracts are expected to reduce cycle volatility, with demand shifting toward more stable long-term contracts. It forecasts upgrades to operating profit and EPS for 2026–2027, and says the 12-month P/E ratio remains relatively low, leaving room for upside. Mirae Asset Securities also raises its target price to 400k won, indicating a more bullish stance from institutions.
ChainNewsAbmedia5m ago
U.S. Prosecutors Charge 30 in M&A Insider Trading Scheme
U.S. federal prosecutors announced on May 6 that they had charged 30 individuals with participating in insider trading related to corporate mergers and acquisitions, according to Xinhua News Agency. The defendants allegedly exploited confidential M&A information held by Wall Street law firms to
CryptoFrontier17m ago
Tom Lee Targets S&P 500 at 7,700 by Year-End, Sees Upside in AI and Semiconductor Stocks
According to Tom Lee in a CNBC interview today (May 7), the analyst projects the S&P 500 could reach 7,700 or higher by year-end. Despite record highs in U.S. equities, Lee stated that leading stocks in AI and semiconductors remain reasonably valued, with forward price-to-earnings ratios around 22 t
GateNews23m ago
Canada Sets 49,000-Unit Annual Quota for Chinese EV Imports at 6.1% Tariff
Canada approved a new annual quota of up to 49,000 Chinese-made electric vehicles at a 6.1% tariff following an agreement by Prime Minister Mark Carney in January 2025. The quota took effect in March, with 24,500 permits available on a first-come-first-served basis until August 31, and the
CryptoFrontier27m ago
Spot Bitcoin ETFs Post Fifth Consecutive Day of $1.7B Inflows
Spot bitcoin (BTC) exchange-traded funds in the U.S. reported their fifth consecutive day of net inflows on Wednesday, bringing combined inflows to nearly $1.7 billion, according to SoSoValue data.
Daily Inflow Breakdown
Bitcoin ETFs recorded a net inflow of $46.3 million on Wednesday. Net
CryptoFrontier43m ago
