Following the decline in US stocks, the Hang Seng Index opened 392 points lower this morning, with a maximum drop of 494 points; it closed at 26,548 points at noon, down 484 points or 1.79%. The turnover was HKD 128.406 billion. The Tech Index fell 89 points or 1.65%, reporting 5,319 points.
Tech stocks faced heavy selling pressure, with Meituan (3690) down 4.53%; Baidu (9888) down 3.78%; JD.com (9618) down 3.04%; Alibaba (9988) down 2.27%; Tencent (700) and NetEase (9999) down 1.6%; Xiaomi (1810) down 0.54%.
Zijin Mining (2899) fell 5.19%, making it the worst-performing blue chip for the half-day.
Haizhi Technology (2706), which debuted today, closed at HKD 89.1, up 229.2% from its listing price of HKD 27.06.
Zhipu (2513), a counseling institution listed on the Shanghai Stock Exchange's STAR Market, rose 11.89% for the half-day; its peer MINIMAX (100) rose 9.43%, with both stocks hitting new highs since their listing.
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0930: Major tech stocks plummeted, coupled with the disruptive spread of AI into traditional industries, leading to a significant drop in the three major US indices. The Dow closed down 669 points or 1.34%, reporting 49,451 points; the S&amp;P 500 fell 108 points or 1.57%, reporting 6,832 points, marking its third consecutive decline; the Nasdaq dropped 469 points or 2.03%, reporting 22,597 points; the Golden Dragon Index, reflecting the performance of Chinese concept stocks, fell 3%, reporting 7,599 points.
Apple fell 5% due to news of a potential delay in the Siri update and possible scrutiny of Apple News, marking its worst single-day performance since April last year. Cisco's gross margin guidance disappointed the market, causing its stock to plummet 12.3%.
Other major tech stocks generally declined, with Broadcom down over 3%, Tesla, Meta, and Amazon all down over 2%, NVIDIA down 1.6%, and Microsoft and Alphabet down 0.6%. Additionally, the threat of AI spread to logistics and commercial real estate services, with CBRE down 8% and Jones Lang LaSalle down 7%.
In the Hong Kong stock market, the Hang Seng Index opened 392 points lower, reporting 26,640 points. In tech stocks, Tencent (700) fell 1.86%; Alibaba (9988) fell 2.9%; Meituan (3690) fell 0.94%.
Spot gold prices fell 4% overnight, while spot silver prices dropped 11.7%. Zijin Mining (2899) fell 3.46%, and Zijin Gold International (2259) fell 3.15%; Zhaojin Mining (1818) and Shandong Gold (1787) also fell over 3%. China Silver Group (815) fell 3.17%.
CK Hutchison Holdings (001) fell 1.89%, reporting HKD 62.3. The company announced after yesterday's market close that it had notified Panama regarding the port dispute under the investment protection treaty and invited the country for consultations, actively seeking a resolution. CK Hutchison also notified Maersk, which is willing to take over two of its ports, that such actions would cause damage to CK Hutchison and trigger legal actions; it also warned third parties against colluding in any illegal activities regarding the operations of the two container terminals
Wynn Macau (1128) reported a 7.45% decline in adjusted property EBITDAR for the last quarter, with the stock price opening down 0.98%.
In terms of northbound capital flows, on Thursday, net purchases of Hong Kong stocks amounted to HKD 456,700. Tencent (700), Xiaomi (1810), and Meituan (3690) saw net purchases of HKD 1.429 billion, HKD 1.02 billion, and HKD 985 million, respectively; WuXi AppTec (2269), Zijin Mining (2899), and Pop Mart (9992) experienced net sales of HKD 392 million, HKD 346 million, and HKD 301 million, respectively

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The Hang Seng Index opened 392 points lower this morning, with a maximum drop of 494 points, closing at 26,548 points, down 484 points or 1.79%. The turnover was HKD 128.406 billion. The Tech Index fell 89 points or 1.65%. Meituan dropped 4.53%, and Zijin Mining fell 5.19%. HAIZHI TECH GP debuted today, closing at HKD 89.1, up 229.2% from the listing price. The three major U.S. stock indices fell sharply, with technology stocks generally declining, and major stocks like Apple and Cisco performing poorly

- The Hang Seng Index opened down 392 points, closing at 26,548 points, a drop of 484 points or 1.79%, with a turnover of HK$128.4 billion.  
- Major tech stocks faced heavy selling pressure, with Meituan down 4.53% and Alibaba down 2.27%.  
- In the U.S. market, all three major indices fell sharply, influenced by declining technology stocks and concerns over AI's impact on traditional industries.

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The Hang Seng Index fell 484 points in the half-day session, Meituan dropped 4.5%, Zijin Mining fell by 5%, and Haizhi Tech GP rose by 229%｜Hong Kong stock market opens