- On August 24, the Hang Seng Index fell 1.89% and the Hang Seng Technology Index dropped 3.61% amid overall market declines.
- Major Hong Kong stocks experienced mixed performances, with Free Gold rising 9% and Sinopec gaining 5.9%.
- Conversely, companies like InnoLight and Zhipu suffered significant losses, dropping 11.32% and 10.81% respectively.
- At the midday close, the Hang Seng Index dropped 544 points or 2.1% to 25,465, while the Hang Seng Tech Index fell 183 points or 3.8% to 4,582.
- Major heavyweights recorded significant declines, with BABA down over 9%, XIAOMI down over 4%, and TENCENT down over 3%.
- Other index constituents also faced downward pressure, though selective stocks like PING AN and SINOPEC CORP posted modest gains.