Continuously declining! The Hang Seng TECH Index plummeted by 2.37%, and the Hang Seng Index fell below 26,000 again, with technology and finance sectors collectively weak

The three major indices of the Hong Kong stock market continued to decline in the afternoon, with market sentiment remaining low throughout the day, recording a three-day consecutive pullback. By the close, the Hang Seng Index fell 1.43%, once again falling below the 26,000-point mark, the National Enterprises Index dropped 1.91%, and the Hang Seng TECH Index fell 2.37%, also losing the 6,000-point level. On the market, large technology stocks collectively weakened, dragging down market sentiment, with Alibaba down 4%, Tencent down over 3%, and Kuaishou, Baidu, JD.com, and Xiaomi all down more than 2%; most large financial stocks and state-owned enterprises also declined, with China CNR Corporation dropping over 10% after its performance report, leading China Railway Group and China Railway Construction to fall, Everbright Securities down 6%, China People's Insurance Group down 5.8%, and Everbright Bank down over 3%; semiconductor chip stocks were weak throughout the day, with leading company SMIC down over 5%, while military, automotive, coal, gold, domestic property, aviation, photovoltaic, and Apple concept stocks all fell. On the other hand, multiple catalysts ignited the innovative drug sector, with 3SBio soaring over 11% leading the way, Innovent Biologics rising nearly 8%, and Fosun Pharma and Ascletis Pharma both increasing, while some education, home appliance, and gaming stocks rose, with online education leader New Oriental up over 2%