Hong Kong Stock Market Midday Review: Hang Seng Index opened high and fell, dropping more than 700 points at one point. Chinese brokerage stocks continued to decline

Jinshi Data reported on October 9th that the turnover of the Hong Kong stock market hit a new high yesterday, dropping by nearly 2200 points. The Hang Seng Index (HSI) opened high today but then fell back. In the morning, the HSI rose by nearly 500 points at one point, then stopped rising and fell back. In the morning session, it plummeted by over 700 points at one point, hitting a low of 20190.53 points. The Hang Seng TECH Index (HSTECH) rose by over 4% in the morning, but then fell all the way down, with the deepest decline exceeding 3%. By the midday close, the HSI fell by 1.39% to 20635.11 points, while the HSTECH fell by 0.86% to 4655.35 points. The turnover of the HSI market reached HKD 241.815 billion. On the market, most sectors were in the red, with Chinese brokerage stocks continuing to pull back and the semiconductor sector consolidating. In terms of individual stocks, Shenwan Hongyuan Group (06806.HK) fell by 14.24%, Kuaishou (01024.HK) fell by 3.42%, and SMIC (00981.HK) rose by 0.74%