Mei Ri Jing Ji Xin Wen·2025-10-17 08:45Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index closing at 25,247.10 points, down 641.41 points, representing a drop of 2.46%, marking the lowest closing since September 5 [1] - The Hang Seng Tech Index closed at 5,760.38 points, down 243.18 points, a decrease of 4.05%. Since the peak on October 2, the index has seen a cumulative decline of over 14% [3] Company Focus - ZTE Corporation's H-shares (00763.HK) fell over 12%, with an intraday maximum drop of 14%. The A-shares (000063.SZ) hit the daily limit down [5] - New consumption concept stocks also saw declines, with companies like Weilang Meishi (09985.HK) and Blukoo (00325.HK) dropping over 6%, while Nayuki Tea (02150.HK) and Pop Mart (09992.HK) fell over 4% [8] Sector Performance - All sectors in the Wind Hong Kong secondary industry index declined, with semiconductors, hardware equipment, and defense industries experiencing the largest drops [7] - Specific sector declines included: - Defense and military down 5.18% - Hardware equipment down 5.51% - Semiconductor down 3.55% [8] Other Notable Stocks - Tech stocks also faced declines, with Baidu, Alibaba, Meituan, and Kuaishou all dropping over 4%. Xiaomi and Bilibili fell over 3%, while Tencent decreased by over 1% [9] - Apple-related stocks, such as Q Technology, saw a drop of over 9%, and solar energy stocks continued their downward trend, with Sunshine Energy falling over 5% [9] Capital Flow - As of market close, southbound funds net bought over 6.3 billion HKD in Hong Kong stocks [9] Market Outlook - Short-term outlook for the Asia-Pacific market appears bleak due to increased uncertainty in news, leading to heightened risk aversion. Without new positive catalysts, the market may continue to experience volatility [11] - In the medium to long term, with the Federal Reserve entering a rate-cutting cycle, a "double easing" effect between China and the U.S. is expected, which may lead to sustained capital inflow and a gradual bullish trend for Hong Kong stocks [11]