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HK shares end lower as tech stocks weigh on fears of e-commerce price war

Posted by Able on July 03, 2025

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Hong Kong stocks fell 0.6%, dragged by tech shares; Alibaba dropped 3% after announcing a $7 bn subsidy plan.

Meituan and JD.com also declined amid fears of intensifying e-commerce competition.

China’s CSI300 rose 0.6% as healthcare stocks led gains.

China’s services sector expanded at slowest pace in nine months.

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HK shares end lower as tech stocks weigh on fears of e-commerce price war

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