The net inflow of southbound funds in the afternoon exceeded 20 billion yuan, and the Hang Seng Index's decline narrowed to 400 points

International oil prices sharply retreated from high levels, with southbound funds' net inflow exceeding 20 billion yuan in the afternoon, with the latest net inflow at 21.214 billion yuan. The Hang Seng Index opened 681 points lower, initially dropping 851 points to a low of 24,906 points. The Financial Times reported that the G7 and the International Energy Agency held a meeting to discuss releasing oil reserves, causing the Hang Seng Index's decline to narrow to 397 points, reaching 25,360 points, and closing at 25,356 points, down 400 points or 1.56%, with a turnover of 288.8 billion yuan. The Hang Seng Tech Index fell 13 points or 0.61%, reporting at 4,917 points