The Hong Kong stock market fell by 774 points throughout the day, with trading volume shrinking to less than 270 billion yuan
Hong Kong stocks fell significantly in the afternoon, with the Hang Seng Index falling below 21,000 points to close at 20,318 points, down 774 points, a decrease of about 3.7%. The main board turnover decreased to 261.3 billion yuan, shrinking for the fourth consecutive day. All sector indices fell, with the technology index dropping by about 4.7%. Consumer stocks performed poorly, with China Resources Beer plummeting nearly 13%. Heavyweight stocks such as AIA, China Life Insurance, etc., fell by close to 4% to 5%. Some utility stocks rose against the market trend
The afternoon decline in the Hong Kong stock market intensified significantly, with the Hang Seng Index falling below 21,000 points, testing the 20-day moving average support. At most, it fell nearly 940 points, hitting a low of 20,154 points, and closing at 20,318 points, down 774 points, a decrease of approximately 3.7%. This marks the second consecutive day of decline, reaching a new low in about half a month.
All sector indices experienced declines, with the technology index falling by about 4.7% to close at 4,450 points. ATMXJ dropped by 2.5% to around 7%, with Meituan experiencing the largest decline.
Consumer stocks faced selling pressure, with China Resources Beer plunging by nearly 13%, marking the worst performance among blue-chip stocks. Mengniu Dairy also fell by over 7%. Pharmaceutical and automotive stocks also saw significant declines.
Heavyweight stocks such as AIA, China Life Insurance, Hong Kong Exchanges and Clearing, and Ping An Insurance fell by nearly 4% to over 5%.
Some utility stocks bucked the trend and rose, with CLP Holdings and Power Assets Holdings rising by nearly 1% or more, performing as the top two blue-chip stocks
