Hong Kong stocks closed | The Hang Seng Index fell 1.54%, with the technology and internet sectors under pressure, BASETROPHY GP leading the gains

The three major indices of the Hong Kong stock market closed lower today, with the Hang Seng Index down 1.54%. The retail, internet content, and information sectors weakened overall, with Alibaba and Tencent facing selling pressure. Although the latest retail sales year-on-year growth rose to 5.3%, reflecting a marginal improvement in domestic demand, the consumption driving force remains limited. Mainstream blue-chip stocks in the market are under pressure, while stocks like BASETROPHY GP and HYGIEIA GROUP have strengthened against the trend, indicating a preference for high-elasticity stocks among speculative funds. Overall market sentiment is becoming cautious, and macro recovery signals need further verification