Hong Kong Stock Market Update | The Hang Seng Index fell by 0.7%, the technology sector faced pressure with Xiaomi and Baidu leading the declines, while pharmaceutical growth stocks showed strong fluctuations
The main indices of the Hong Kong stock market collectively weakened during the session, with the Hang Seng Index and the Hang Seng Tech Index both giving back recent gains, leading to market fluctuations and adjustments. Sectors such as technology, hardware, and internet content led the decline, with leading stocks like Xiaomi Group and Baidu showing significant drops, indicating a decrease in market risk appetite. Although retail sales data showed some recovery, external uncertainties have led to a cautious sentiment. Pharmaceutical stocks and some small and mid-cap growth stocks surged during the session, attracting active capital attention, with market turnover mainly concentrated in technology and core blue chips
Market Heartbeat·
