Hong Kong Stock Mid-Review | Hang Seng Index fell 2.07%, dropping below 25,000 points, with the technology sector leading the decline. Alibaba and SMIC saw significant pullbacks
All three major Hong Kong stock indices fell, with the Hang Seng TECH Index dropping more than 3%, and leading technology stocks showing a significant decline. The technology, real estate, and pharmaceutical sectors exhibited notable divergence, with hot money focusing more on industrial policies and structural opportunities. Signs of macroeconomic recovery in the market continue, but short-term sentiment remains defensive. Popular stocks showed significant fluctuations, with some individual stocks experiencing increased trading volume
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