港股
Lead report
Hang Seng Index Rally Fades: Tencent and Alibaba Lead Gains, But Mainland Profit-Taking Signals Short-Term Correction Pressure
Hong Kong stocks experienced a classic rally-and-retreat session, with the Hang Seng Index hitting a near-term high before closing lower. Mainland investors sold through Stock Connect after early gains in Tencent and Alibaba, signaling clear profit-taking and raising concerns about a short-term pullback.