The mainland bank stocks dragged down the Hang Seng Index, which fell by 319 points. Analysis: Hong Kong stocks lack a clear direction and are expected to maintain a volatile market trend in the short term ｜ Hong Kong stock market closing
The Hang Seng Index fell 319 points to 25,765 points due to the decline of domestic bank stocks. The mainland's export data was favorable, but the market is awaiting the results of the U.S. interest rate decision. The real estate crisis continues, with Wanda Group requesting a bond extension, raising investor concerns about increasing bad debts in domestic banks. Among the five major state-owned banks, China Construction Bank had the largest decline. Baidu's stock price rose by 3.5%, while the stock price of Innovent Biologics fell by 7% after being dyed blue. The newly added securities in the Hong Kong Stock Connect all experienced declines. Hong Kong stocks are expected to maintain a fluctuating market trend in the short term
