The Hang Seng Index opened lower and continued to decline, falling 347 points for the day. AI-related stocks led the decline, while consumer concept stocks rose against the trend｜Hong Kong stock market opening

The Hang Seng Index opened lower on Monday and closed at 25,628 points, down 347 points or 1.34%, marking the largest single-day decline in over three weeks. Technology stocks led the decline, with AI-related stocks performing poorly. Technology stocks such as Alibaba, Tencent, Kuaishou, and Baidu all fell. Among chip stocks, SMIC, Hua Hong Semiconductor, and Innolux saw significant declines. Consumer concept stocks rose against the trend, with domestic insurance stocks performing well. The market anticipates that Japan's interest rate hike and poor data from China will impact the Asia-Pacific stock market