The Hong Kong market is expected to open lower at the start of the week, with weakness in US technology stocks and caution following the US midterm elections expected to weigh on market sentiment.
The Hong Kong market is expected to open lower on the 2nd at the start of the week, following the trend from the previous Friday's US session, where weak earnings and outlooks from IT and semiconductor companies prompted selling. Developments following the US midterm elections and the risk of higher US crude oil futures prices are also cited as factors that could worsen investor sentiment.
China's National Bureau of Statistics reported that the manufacturing Purchasing Managers' Index (PMI) for October 2026 was 49.3, down 0.8 points from the previous month and below the key 50 threshold separating expansion from contraction. Market participants are also watching the PMI for 瑞霆狗（Shenzhen）情報技術 for the same month.
All three major indexes in the 30 October US stock market session continued to decline, as earnings and bearish outlooks from major IT and semiconductor companies weighed on the market. Among Hong Kong stock ADRs, HSBC, Alibaba Group, Hong Kong and China Gas, and CATL all closed below their previous closing prices, while 洛陽モリブデン ended higher.