--- title: "The Hang Seng Index and the Tech Index both fell, focusing on the layout opportunities in the Hong Kong stock sector" type: "News" locale: "en" url: "https://longbridge.com/en/news/287194625.md" description: "On May 21, the three major indices of the Hong Kong stock market opened high and then fell, with the Hang Seng Index dropping 1.03% and the Hang Seng Tech Index plunging 2.15%. The technology and internet sectors were generally under pressure, with significant declines in large tech stocks. Pharmaceutical stocks were partially active, with Asymchem and AKESO rising against the trend. International gold prices weakened, and market analysis suggests that the Hong Kong stock market is currently in a bottoming phase, with future opportunities expected to focus on the AI industry chain, semiconductors, and leading internet companies" datetime: "2026-05-21T09:51:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287194625.md) - [en](https://longbridge.com/en/news/287194625.md) - [zh-HK](https://longbridge.com/zh-HK/news/287194625.md) --- # The Hang Seng Index and the Tech Index both fell, focusing on the layout opportunities in the Hong Kong stock sector On May 21, the three major indices of the Hong Kong stock market opened high but trended downward, briefly spiking after the opening before shifting to a volatile decline. By the close, the Hang Seng Index fell by 1.03%, and the Hang Seng Tech Index plummeted by 2.15%. The technology and internet sectors were generally under pressure, while pharmaceutical stocks showed some localized activity. On the market, large tech stocks saw significant declines, with Bilibili dropping nearly 8%, and Alibaba and Tencent Holdings both falling over 3%. The optical communication and commercial aerospace sectors led the decline, with Jingwei Tianxia's stock price plummeting over 83%. Among pharmaceutical stocks, Asymchem and AKESO rose against the trend. International gold prices also weakened. The spot gold price fell on the day, briefly touching a low not seen in over seven weeks. Market analysis suggests that the Federal Reserve's open stance on interest rate hikes and progress in U.S.-Iran negotiations have suppressed gold prices. Institutional views indicate that the Hong Kong stock market is currently in a bottoming phase, with limited further downside for the Hang Seng Tech Index. Future structural opportunities will revolve around the AI industry chain, semiconductors, and internet leaders with improving profits. A sustained market reversal will still require a confluence of factors such as earnings expectations and liquidity. 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