Hang Seng closes higher as Xiaomi drops 4.9 percent

Published on 10/12/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hang Seng ends at 24,271 points as mixed technology shares offset banks; China CPI and PPI are due October 14 at 9:30 a.m. HKT.

Key points in brief

The October 12 close was 24,271 points, up 60 points or 0.2 percent.
Brent crude fell 1.3 percent as global rate and trade concerns shaped Asian trading.
Orient Overseas International led blue-chip gainers at 4.0 percent, while Xiaomi fell 4.9 percent.
China will publish September CPI and PPI on October 14 at 9:30 a.m. HKT.

Hang Seng, HK0000004322, Illustration mit AI erstellt.

The Hang Seng closed October 12 at 24,271 points, up 60 points or 0.2 percent. The index held a narrow gain as banks supported the market while technology shares diverged, Xinhua reported.

Orient Overseas International was among the strongest blue-chip performers, rising 4.0 percent after third-quarter route revenue increased 45.1 percent. Xiaomi fell 4.9 percent, while NetEase gained 3.0 percent in midday trading, Moomoo reported.

Why did the Hang Seng rise on October 12?

Higher global interest rates and trade tensions unsettled mainland stocks, but banks and insurers rose in Hong Kong while chipmakers and artificial-intelligence shares weakened, RTHK reported. Brent crude fell 1.3 percent as Asian markets assessed energy-supply risks and mixed regional cues, Yahoo Finance reported.

Winners and losers in the Hang Seng

Technology stocks produced the widest dispersion among major constituents. The midday market had 992 advancers, 1,109 decliners and 1,233 unchanged stocks, according to Futu News.

Orient Overseas International up 4.0 percent: third-quarter route revenue rose 45.1 percent
NetEase up 3.0 percent
Xiaomi down 4.9 percent
Kuaishou down 2.1 percent

Hang Seng opened higher before giving back gains

The index opened at 24,435 points, up 224 points or 0.9 percent, before easing during the session, China Daily Hong Kong reported. Turnover reached HKD 162.63 billion by the close, while the Hang Seng Tech Index fell 0.7 percent.

What comes next for the Hang Seng

October 13, 2026, 9:30 a.m. HKT: the next Hang Seng session opens
October 13, 2026: OPEC is scheduled to publish its monthly oil market report
October 14, 2026, 9:30 a.m. HKT: China releases September CPI and PPI; August CPI was 0.8 percent and PPI was 3.8 percent, BigGo Finance reported

More market reports and analysis on the Hang Seng