Hong Kong stocks decline across the board, with tech and internet stocks plunging. Two leading chip companies also drop significantly: SMIC and Hua Hong Semiconductor fall about 6% | Hong Kong stock market close

Reporter | Du Yu

Editor | He Xiaotao, Du Hengfeng Proofreader | Duan Lian

On March 26, Hong Kong stocks closed lower. At the close, the Hang Seng Index fell 1.89%, and the Hang Seng Tech Index dropped 3.28%.

On the Hong Kong main board, 1,247 stocks declined, 465 stocks rose, and northbound funds had a net purchase of HKD 3.3 billion.

In the market, only the oil and petrochemical, environmental protection, and coal sectors rose, while durable consumer goods, media, semiconductors, and military sectors declined sharply.

Among the Hang Seng Index components, Kuaishou dropped 14%, Pop Mart fell over 10%, and China Life declined over 8%.

Tech giants saw significant declines, with Huahong Semiconductor down over 6%, SMIC nearly 6%, Alibaba down over 4%, Meituan and BYD down over 3%. Additionally, Tencent Holdings fell 1.96%, Baidu Group declined 2.32%, NetEase dropped 2.55%, and Xiaomi Group decreased 0.25%.

(Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Please verify before use. Proceed at your own risk.)

Daily Economic News

(Editor: Wang Zhiqiang HF013)

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