HK stocks down as mainland weighs inflation data

Mainland stocks ended on Wednesday at their lowest level in more than a year as a sell-off in AI-related supply chain shares deepened, while investors digested mixed domestic inflation data. In Hong Kong, the benchmark Hang Seng Index edged down 31 points, or 0.1 percent, to 24,314. The tech index rose 37 points, or 0.9 percent, to 4,174 but still hovered near a two-year low, while the China enterprises index inched up eight points, or 0.1 percent, to 8,183. Up north, the Shanghai Composite Index fell 33 points, or 0.88 percent, to close at 3,767 on turnover of 662.49 billion yuan. The CSI300 Index closed 1.4 percent down, hitting its lowest level since August 2025 in late trade. The Shenzhen Component Index dived 243 points, or 1.97 percent, to 12,110 on turnover of 751.89 billion yuan. The ChiNext Index plunged 91 points, or 3.1 percent, to 2,866on turnover of 359.84 billion yuan. Mainland producer prices rose at their fastest pace in more than four years in September, while consumer inflation came in below expectations. Higher oil and commodity prices lifted factory-gate costs, even as weak domestic demand kept broader price pressures contained. Energy-related stocks rose as oil prices climbed on Saudi supply risk. The coal...