Major Hong Kong chip companies are weak in ADRs, with multiple stocks recording declines

SpeakWithHatOn · 2026-02-12T17:09:00+00:00

In the Hong Kong ADR market, major blue-chip stocks faced selling pressure, led by Alibaba and Meituan, both dropping over 2%. Other tech and financial stocks also declined, reflecting a bearish market sentiment, while HSBC saw a slight increase.

SpeakWithHatOn

2026-02-12 17:09:00

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In the Hong Kong American Depositary Receipt (ADR) market, the share prices of major blue-chip companies generally faced downward pressure. According to reports from Radio Television Hong Kong (RTHK), several large chip-related and technology companies’ ADRs showed significant declines. The market saw increased selling activity, particularly among large-cap stocks, with ongoing price adjustments.

Accelerated Selling of Blue-Chip Stocks Led by Alibaba and Meituan

Alibaba and Meituan are leading this downward trend, with both stocks recording declines of over 2%. Alibaba’s ADR equivalent reached HKD 155.4, while Meituan traded around HKD 90.3. ADRs of Tencent, Xiaomi, and Hong Kong Exchanges and Clearing also fell by more than 1%, indicating a broadening of selling pressure across the market.

Financial and Insurance Sector Also Under Selling Pressure

ADRs of financial institutions and insurance companies were also caught in the sell-off. Major Hong Kong-listed financial chips such as AIA, Ping An Insurance, Industrial and Commercial Bank of China, and Bank of China all declined by over 1%. This serves as an important signal that overall market sentiment in Hong Kong remains bearish.

HSBC Only Gainer, Market Shows Mixed Signals

Meanwhile, HSBC’s ADR rose by an exceptional 0.5%, reaching HKD 139.7. The resilience of this stock suggests that selective buying by investors is ongoing within the market, and it indicates that the entire Hong Kong chip sector is not moving in a uniform direction.

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