---
title: "The Hang Seng Index closed down 2%, with the materials and energy sectors leading the gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277744969.md"
description: "The Hang Seng Index closed down 2%, and the Hang Seng TECH Index fell 0.96%. In the non-ferrous energy sector, Dongfang Electric rose over 11%, while Jiaxin International Resources and Guofu Hydrogen both increased by more than 7%. Chalco International rose 6.72%, and China Hongqiao increased by over 5%. The oil and gas sector performed poorly, with Shandong Molong down 5%, China Resources Gas down over 17%, Sinopec Oilfield Service down 11%, and COSCO Shipping Development down 14%"
datetime: "2026-03-04T08:12:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277744969.md)
  - [en](https://longbridge.com/en/news/277744969.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277744969.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277744969.md) | [繁體中文](https://longbridge.com/zh-HK/news/277744969.md)


# The Hang Seng Index closed down 2%, with the materials and energy sectors leading the gains

The Hang Seng Index fluctuated and closed down 2%, while the Hang Seng TECH Index fell 0.96%. Dongfang Electric rose over 11%, Jiaxin International Resources increased over 7%, Guofu Hydrogen Energy gained over 7%, Chalco International rose 6.72%, and China Hongqiao increased over 5%; the oil and gas sector pulled back, with Shandong Molong down 5%, China Resources Gas falling over 17%, Sinopec Oilfield Service down 11%, and COSCO Shipping Holdings down 14%

### Related Stocks

- [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md)
- [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/en/quote/STECH.HK.md)

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