Hang Seng Index Falls 1.43% as Tech Stocks Slide

Published by

Nidhi Kolhapur

October 9, 2026

Hong Kong Issues First Stablecoin Licences to HSBC and Consortium

Hong Kong stocks fell on October 9 as rising oil prices, Middle East tensions and concerns over high interest rates weighed on investor sentiment. The Hang Seng Index dropped 344 points, or 1.43%, to close at 23,785. The Hang Seng Tech Index fell 2.89% to 4,073, its lowest level since September 2024. HSBC Holdings shares declined 4.8%. Weak mainland China holiday consumption data added to market concerns. US stocks also ended mixed, with the Nasdaq Composite falling 1.25% and the S&P 500 declining 0.47%. Bitcoin fell as much as 3.8%, while gold rose up to 0.85%.

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