HSI Drops 376 Points by Market Close; TENCENT and BABA-W Among Biggest Decliners; AI Concepts Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2025
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Source: aastocks
Manufacturing and Services PMI: Mainland China's official manufacturing PMI fell short of expectations, while the services PMI met forecasts, indicating mixed economic signals.
Stock Market Performance: The Hong Kong stock market experienced declines, with the HSI dropping 1.4% to close at 25,906, influenced by a pullback in technology stocks.
Company Earnings Impact: BYD COMPANY reported a 33% decline in net profit for Q3, leading to a 3.5% drop in its stock price, while other tech firms like Alibaba and Tencent also saw significant losses.
Financial Sector Results: Despite some banks reporting year-on-year profit increases, their stock prices fell, with notable declines in PSBC and CCB, reflecting a broader trend of market pessimism.
Analyst Views on 00285
Wall Street analysts forecast 00285 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00285 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.520
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Current: 35.520
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
