Hong Kong Stock Mid-Review: The Hang Seng Index Continues to Weaken Before Lunch, Tech Stocks Under Significant Pressure

According to Jin10 data on March 13, the Hang Seng Index opened slightly higher in the morning and fluctuated near the water level, reaching a high of 23,712.61 points. As it approached noon, selling pressure became evident, and the index declined throughout the day. The Hang Seng Tech Index opened high but underperformed the market, dropping over 2% before noon. As of the midday close, the Hang Seng Index fell by 0.74%, closing at 23,426.80 points, while the Tech Index dropped by 2.17%, closing at 5,718.54 points, with a total market turnover of HKD 121.536 billion. On the market, gold stocks outperformed the market, while tech stocks faced significant pressure, with the semiconductor and aviation sectors leading the declines. In terms of individual stocks, Zijin Mining (02899.HK) rose by 1.74%, Kuaishou (01024.HK) fell by 5.09%, Alibaba (09988.HK) dropped by 2.74%, and SMIC (00981.HK) declined by 4.67%