Hong Kong Indexes Open Lower on August 12, 2026; Tencent Music Slides Over 11%
Hong Kong stocks opened lower on August 12, 2026, with the Hang Seng Index down 0.60% and the Hang Seng Tech Index down 0.80%. Tencent Music-SW plunged over 11% after reporting interim results showing a 31.91% drop in net profit despite a 6.52% revenue increase. The stock later fell as much as 13%. Lenovo dropped over 2%, and major tech names fell over 1%. NetEase CloudMusic fell over 4%. Active stocks included Jiantao Group, Southern 2x Long Samsung Electronics and Zai Lab.
On August 12, 2026, Hong Kong stocks continued their correction at the open. The Hang Seng Index opened down 154.43 points, or 0.60%, at 25,498.39 points; the Hang Seng Tech Index opened down 38.67 points, or 0.80%, at 4,785.75 points. The Hang Seng China Enterprises Index opened 48 points lower at 8,479 points. Tencent Music-SW opened down more than 11% and at one point fell as much as 13% during intraday trading. The stock had dropped 11.92% in the previous U. S. trading session. The company released its 2026 interim results on the evening of August 11, reporting revenue of RMB 16.828 billion, up 6.52% year-on-year, and net profit attributable to shareholders of RMB 4.562 billion, down 31.91% year-on-year. This was the first earnings report after Tencent Music acquired Ximalaya. The company said that the integration of Ximalaya and the continued expansion of its super membership drove growth in membership service revenue. Among other stocks, Lenovo Group fell more than 2%, while technology stocks such as Alibaba, JD. com, NetEase, Tencent and Bilibili each dropped over 1%. NetEase CloudMusic opened down more than 4% and later fell as much as 8%. Some sectors were active: Jiantao Group rose over 2%, Southern 2x Long Samsung Electronics gained over 10%, and Zai Lab climbed over 8%. MiniMax and Zhipu also advanced.