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Hong Kong's Hang Seng Index Falls 1.76% Below 23,000 on June 26; Tech Stocks Tumble, Six IPOs Launch Same Day

2026-06-26 08:41:27

HK50-1.32%

According to Zhitong Finance, Hong Kong's major indices declined sharply on June 26, with the Hang Seng Index falling 1.76 percent (405.05 points) to close at 22,671.86 points, losing the 23,000 level. Trading volume reached 342.1 billion Hong Kong dollars. The Hang Seng Tech Index slumped 3.41 percent to 4,255.59 points. Tech stocks were broadly hit, with SMIC falling 6.98 percent and Alibaba-W dropping 5.79 percent, as Apple's price increases for iPad and Mac products pressured the supply chain. In bright spots, six new companies listed simultaneously on the Hong Kong exchange, with Carto Corp surging 203.92 percent to 120.2 Hong Kong dollars on its debut as a self-driving parking service provider.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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