Overnight U.S. indexes slipped and the China Dragon Index fell sharply. Hong Kong opened sharply lower: Hang Seng opened down 289 pts at 24,985, immediately lost the 25,000 level and its 100‑day moving average, and plunged as much as 385 pts to 24,889. At midday Hang Seng was down 1.29%, Hang Seng TECH down 2.07%; turnover HKD 105.86 billion. Application software, power‑equipment, heavy‑machinery and semiconductor‑equipment names retreated; pharmaceuticals and pork stocks were weak. Autos, tea c

Overnight U.S. indexes slipped and the China Dragon Index fell sharply. Hong Kong opened sharply lower: Hang Seng opened down 289 pts at 24,985, immediately lost the 25,000 level and its 100‑day moving average, and plunged as much as 385 pts to 24,889. At midday Hang Seng was down 1.29%, Hang Seng TECH down 2.07%; turnover HKD 105.86 billion. Application software, power‑equipment, heavy‑machinery and semiconductor‑equipment names retreated; pharmaceuticals and pork stocks were weak. Autos, tea chains and online retail extended multi‑day declines. Printing & packaging and storage/memory concepts led gains, while ports & shipping, mainland banks and China brokers rose. Notable movers: 02513.HK down nearly 8%; 00100.HK down nearly 7%; NIO (09866.HK) down about 5%; Alibaba (09988.HK) and Meituan (03690.HK) each down over 3%. China Unicom (00762.HK) +2.5%; China Life Insurance (02628.HK) +2%; 01347.HK +2%.