Hong Kong stocks closed sharply lower as the Hang Seng Index fell below 23,000
and the Hang Seng Tech Index lost roughly 5%. The Hang Seng closed down 3.03% at
22,934.68; the Hang Seng Tech Index fell 5.03% to 3,793.93. Market turnover was
HKD 256.05 billion. Technology, semiconductor-supply-chain and biotech names led
losses; new-energy vehicle stocks slid while oil & gas equipment & services
showed partial recovery. Major decliners included Dipu Technology (01384.HK)
-34%, Yangtze Optical Fibre & Cable (06869.HK) -~11%, Cambridge Technology
(06166.HK) -~11%, Lenovo Group (00992.HK) -~11%, Shenghong Technology
(02476.HK), Kangfang Biotech (09926.HK), Huahong Hongli (01347.HK) and Kingboard
Laminates (01888.HK) each down over 9%, CATL (03750.HK) and Zhongji Xuchuang
(03308.HK) down more than 7%, SERES (09927.HK) down nearly 7%, and Alibaba
(09988.HK) and SMIC (00981.HK) down over 6%. Top gainers included Naodong
Jiguang-B (06681.HK) +27%, Zhaowei Electromechanical (02692.HK) +21% and
Shandong Molong (00568.HK) +7.5%.
