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Butong Group Soars 41% Amid Market Volatility

9/24/2025

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Summary

Story summary

Butong Group surged 41% on its debut, closing at HK$100.4.
The Hang Seng Index opened 91 points higher, driven by Apple and chip stocks.
HSBC repurchased over 3.67 million shares, valued at US$395 million.
The Hang Seng Index dropped 254 points (1%) to 26,090 amid market volatility.
Xiaomi's fund backed an auto-chip firm ahead of the Xiaomi 17 launch.

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Story summary

Butong Group surged 41% on its debut, closing at HK$100.4.
The Hang Seng Index opened 91 points higher, driven by Apple and chip stocks.
HSBC repurchased over 3.67 million shares, valued at US$395 million.
The Hang Seng Index dropped 254 points (1%) to 26,090 amid market volatility.
Xiaomi's fund backed an auto-chip firm ahead of the Xiaomi 17 launch.