---
title: "The Hang Seng Index closed down 2%, with the non-ferrous energy sector leading the gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277744978.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%, JIAXIN INTL RES and Guofu Hydrogen both increased by more than 7%. CHALIECO rose 6.72%, and China Hongqiao increased by over 5%. The oil and gas sector performed poorly, with Shandong Molong down 5%, Dazhong Gongyong falling over 17%, Sinopec Oilfield Services down 11%, and COSCO Shipping Development down 14%"
datetime: "2026-03-04T08:12:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277744978.md)
  - [en](https://longbridge.com/en/news/277744978.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277744978.md)
---

# The Hang Seng Index closed down 2%, with the non-ferrous energy sector 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 INTL RES increased over 7%, Guofu Hydrogen Energy rose over 7%, CHALIECO increased by 6.72%, and China Hongqiao rose over 5%; the oil and gas sector pulled back, with Shandong Molong down 5%, Dazhong Gongyong falling over 17%, Sinopec Oilfield Service down 11%, and COSCO Shipping Development down 14%

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