Hong Kong stocks closed | Three major indices collectively adjusted, technology and retail sectors led the decline, popular small-cap stocks surged
The Hong Kong stock market closed today with all three major indices retreating. The Hang Seng Index, Technology Index, and National Enterprises Index all fell back from their recent highs, and market sentiment has become cautious. The technology, retail, and hardware sectors collectively declined, with leading companies like Alibaba and Tencent facing significant pressure. Despite an improvement in retail sales growth, the Hong Kong stock market continues to be affected by multiple factors such as consumption, policies, and external influences, leading to increased volatility. Some individual stocks, such as QuanDa Electric Group Holdings and Pan-Asia Environmental Protection, recorded significant gains, indicating a clear characteristic of capital phase-based speculation. Blue-chip stocks and industry leaders saw active trading, reflecting that capital is mainly concentrated in core assets and short-term active hotspots
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