2 1 Shi Ji Jing Ji Bao Dao·2025-11-21 09:18Market Overview - The Hong Kong stock market experienced significant declines, with the Hang Seng Index dropping by 2.38%, the Hang Seng China Enterprises Index falling by 2.45%, and the Hang Seng Tech Index decreasing by 3.21%. This week marked a cumulative decline of 7.18%, resulting in four consecutive weeks of losses [1][2]. - The market turnover increased to 285.70 billion HKD, up from 245.14 billion HKD in the previous trading session [1]. Sector Performance - The technology and semiconductor sectors faced the largest declines, with JD Health falling over 8%, SMIC and Hua Hong Semiconductor dropping more than 6%, and Tencent Music and Baidu Group declining over 5%. Other notable declines included NIO, Alibaba, and Alibaba Health, which fell over 4%, while NetEase and BYD Electronic dropped over 3% [2]. - In contrast, Xiaomi Group saw an increase of over 1%, and Kingsoft experienced a slight rise [2]. Global Market Context - European stock indices opened lower, with the Euro Stoxx 50 down by 1.57%, the FTSE 100 down by 1.04%, the CAC 40 down by 1.29%, and the DAX 30 down by 1.48% [3]. - The cryptocurrency market faced a sharp decline, with Bitcoin dropping over 9% to below 82,000 USD, Ethereum falling nearly 11%, and BNB down over 8%. The total market capitalization of cryptocurrencies fell below 3 trillion USD [3].