The Hong Kong stock market recently hit a new low for 2023, with the Hang Seng Index struggling around the 19,000 point mark. Amid the banking crisis in the U.S., Credit Suisse's financial situation has rapidly deteriorated, with approximately CHF 16 billion (USD 17.3 billion) of additional Tier 1 (AT1) bonds being "completely written down" to become worthless. This is expected to cause turmoil in the European bond market when it opens on Monday.

As the banking confidence crisis hits Hong Kong, on March 20, the Hang Seng Index fell below 19,000 points, with HSBC Holdings dropping over 6%, Standard Chartered falling nearly 5%, and AIA decreasing by more than 3%.

The Hong Kong stock market recently hit a new low for 2023, with the Hang Seng Index struggling around the 19,000 point mark. Amid the banking crisis in the U.S., Credit Suisse's financial situation has rapidly deteriorated, with approximately CHF 16 billion (USD 17.3 billion) of additional Tier 1 (AT1) bonds being "completely written down" to become worthless. This is expected to cause turmoil in the European bond market when it opens on Monday. As the banking confidence crisis hits Hong Kong, on March 20, the Hang Seng Index fell below 19,000 points, with HSBC Holdings dropping over 6%, Standard Chartered falling nearly 5%, and AIA decreasing by more than 3%.

Financial stocks fluctuate, and the Hang Seng Index falls below 19,000 points

港股市场 2022 年累计下跌双位数，择时和选股成为关键技能！2023 年会怎么样呢？