After several days of declines Hong Kong stocks reopened sharply lower; the Hang
Seng opened down 289 points at 24,985, breaching the 25,000 level and its
100‑day moving average and slid to an intraday low of 24,889 (down 385). The
index closed down 1.27%; the Hang Seng Tech Index fell 2.04%. Market turnover
was HKD 198.86 billion. Application software, power-equipment, heavy-machinery
and semiconductor-equipment names led declines; pharmaceuticals and pork names
were weak. Autos, tea-drink and online-retail names extended multi-day falls.
Printing & packaging and payments outperformed, while public transport, mainland
banks, China brokers and household appliances rose. Notable movers: Zhida
Technology (02650.HK) +107%+, Youdi Robotics (03231.HK) +25%+, Zhipu (02513.HK) -10.5%, MiniMax (00100.HK) -9%, Nio (09866.HK) -4.5%, Meituan (03690.HK) -3.9%.
