--- title: "The Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%" description: "36Kr learned that the Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%; the semiconductor, retail, and pharmaceutical biotechnology sectors led the decline, with Tianzu" type: "news" locale: "en" url: "https://longbridge.com/en/news/277427707.md" published_at: "2026-03-02T08:17:57.000Z" --- # The Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89% > 36Kr learned that the Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%; the semiconductor, retail, and pharmaceutical biotechnology sectors led the decline, with Tianzu Zhixin down over 10%, JOINN down over 7%, and Meituan and Alibaba down over 4%; the oil and petrochemical, non-ferrous metals, and coal sectors saw the largest gains, with Shandong Molong up over 115%, SD-GOLD up over 7%, and China Coal Energy up over 3%; southbound funds had a net purchase of HKD 16.214 billion 36Kr learned that the Hang Seng Index fell by 2.14%, and the Hang Seng Technology Index dropped by 2.89%; the semiconductor, retail, and pharmaceutical sectors led the decline, with Tianzu Zhixin falling over 10%, JOINN dropping over 7%, and Meituan and Alibaba declining over 4%; the oil and petrochemical, non-ferrous metals, and coal sectors saw the largest gains, with Shandong Molong rising over 115%, SD-GOLD increasing over 7%, and China Coal Energy up over 3%; southbound funds had a net purchase of HKD 16.214 billion ### Related Stocks - [00HSI.HK - Hang Seng Index](https://longbridge.com/en/quote/00HSI.HK.md) - [603127.CN - JOINN](https://longbridge.com/en/quote/603127.CN.md) - [06127.HK - JOINN](https://longbridge.com/en/quote/06127.HK.md) - [600547.CN - SD-GOLD](https://longbridge.com/en/quote/600547.CN.md) - [03037.HK - CSOP HSI ETF](https://longbridge.com/en/quote/03037.HK.md) - [83115.HK - ISHARESHSI-R](https://longbridge.com/en/quote/83115.HK.md) - [159920.CN - ChinaAMC Hang Seng ETF](https://longbridge.com/en/quote/159920.CN.md) - [513130.CN - Huatai-PB CSOP Hang Seng Technology ETF(QDII)](https://longbridge.com/en/quote/513130.CN.md) - [03033.HK - CSOP HS TECH](https://longbridge.com/en/quote/03033.HK.md) - [KBAB.US - KraneShares 2x Long BABA Daily ETF](https://longbridge.com/en/quote/KBAB.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | AI apps soar in China as Lunar New Year giveaway battle boosts user growth | Chinese tech giants have reported significant user growth for their AI applications during a promotional campaign for th | [Link](https://longbridge.com/en/news/276715596.md) | | Budget reveal: government turns matchmaker with stronger hand in shaping economy | Hong Kong's finance chief unveiled a robust budget with a HK$2.9 billion surplus, marking a shift towards a more active | [Link](https://longbridge.com/en/news/276966696.md) | | Hong Kong to expand tax waivers for family offices, pension fund investment | Hong Kong plans to expand tax exemptions for family offices and funds from international organizations to enhance its st | [Link](https://longbridge.com/en/news/277434248.md) | | Hong Kong 2026-27 budget: ‘Symphony of Lights’ to go dark under tourism revamp | Hong Kong will discontinue the two-decade-old "A Symphony of Lights" show, replacing it with immersive projections acros | [Link](https://longbridge.com/en/news/276972290.md) | | China’s policy summit puts tech, stimulus in focus for investors | China's upcoming National People's Congress, starting March 5, will focus on technology and stimulus measures to revive | [Link](https://longbridge.com/en/news/277343219.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.