Market 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 HKD 285.70 billion, up from HKD 245.14 billion in the previous trading day [1]. Sector Performance - Technology and semiconductor stocks led the 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 Electronics dropped over 3% [2]. - On the upside, Xiaomi Group saw an increase of over 1%, and Kingsoft experienced a slight rise [2]. Global Market Context - Major European stock indices opened lower, with the Euro Stoxx 50 down by 1.57%, the UK FTSE 100 down by 1.04%, the French CAC 40 down by 1.29%, the German DAX 30 down by 1.48%, and the Italian FTSE MIB down by 1.48% [2]. Cryptocurrency Market - The cryptocurrency market faced a sharp decline, with Bitcoin dropping over 9% to below USD 82,000 per coin, Ethereum falling nearly 11%, BNB down over 8%, and Solana decreasing over 12%. The total market capitalization of cryptocurrencies fell below USD 3 trillion, with Bitcoin's price dropping below the average purchase price of the US Bitcoin ETF [3].
港股科技股下跌 华虹半导体跌超6%，比特币跌破8.2万美元