According to Jinshi Data on April 7th, Hong Kong stocks opened lower, with the Hang Seng Index dropping over 2000 points and the Tech Index falling over 11%. By midday, the Hang Seng Index closed down 10.7% at 20,405.96 points; the Tech Index closed down 13.95% at 4,571.89 points. On the market, the agricultural products sector and rare earth concept stocks rose against the trend; Apple concept stocks led the decline, and pharmaceutical stocks fell. In terms of individual stocks, WuXi Biologics (02269.HK) fell nearly 23%, Lenovo Group (00992.HK) dropped nearly 20%, BYD ELECTRONIC (00285.HK) fell 18.6%, Bilibili (09626.HK) dropped nearly 17%, Alibaba (09988.HK), Li Auto (02015.HK), and BYD Company (01211.HK) fell over 14%, while Tencent (00700.HK) dropped 10.8%. Southbound funds were bottom-fishing, with a net buying amount exceeding HKD 15 billion in half a day
