The Hang Seng Index experienced a decline of 1.35% on May 26, 2025, with the Hang Seng Tech Index falling 1.7%. This downturn was largely driven by losses in the automotive sector, particularly Geely Auto, which plunged over 9%, marking the largest drop among blue-chip stocks. The nuclear sector, however, saw gains during the same period. Major Chinese stock indices, including the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, also recorded declines, with the Shanghai Composite down 0.18% and the Shenzhen Component down 0.61% by May 27. Trading turnover on the Shanghai and Shenzhen stock exchanges reached 998.93 billion yuan, the lowest since April 18. On May 27, the Hang Seng Index and Hang Seng Tech Index showed modest gains of 0.43% and 0.48%, respectively. However, concerns persisted in the automotive sector due to increased regulatory and consumer scrutiny. Meanwhile, JiHong, an AI social e-commerce stock, debuted on the Hong Kong Exchange with a strong opening at HK$11, up 43.23%, and a pre-market turnover of HK$126 million. On May 28, shares of Xiaomi were set to open up 2.3% following record first-quarter revenue and profits, while Kuaishou rose 6.5% after exceeding Q1 adjusted net income and revenue expectations. Despite these gains, Hong Kong stocks slid as a profit slump at Pinduoduo (PDD) negatively impacted Alibaba and other e-commerce peers. Overall, the market showed volatility with sector-specific pressures influencing performance across Chinese and Hong Kong equities.