Xin Lang Cai Jing·2025-10-17 12:32Core Viewpoint - The Hong Kong stock market experienced a significant decline on October 17, with all three major indices falling sharply, indicating a bearish sentiment in the market [1] Group 1: Index Performance - The Hang Seng Index dropped by 2.48%, closing at 25,247.10 points [1] - The Hang Seng Tech Index fell by 4.05% [1] - The China Enterprises Index decreased by 2.67% [1] Group 2: Sector Performance - Technology stocks saw widespread declines, with Baidu, Alibaba, Meituan, and Kuaishou each falling over 4% [1] - Notable declines in other tech stocks included Netease, Xiaomi, Lenovo, Bilibili, and JD.com, which all dropped more than 3%, while Tencent fell over 1% [1] - Chip stocks experienced significant losses, with ZTE Corporation declining by more than 12% [1] - Apple-related stocks also faced pressure, with Hon Teng falling over 10% [1] - Power equipment stocks weakened, highlighted by Harbin Electric's drop of over 9% [1]