Mei Ri Jing Ji Xin Wen·2025-12-16 09:09Market Performance - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index closing at 25,235.41 points, down 393.47 points, representing a drop of 1.54% [1] - The Hang Seng Technology Index also fell, closing at 5,402.51 points, down 95.91 points, a decrease of 1.74% [2] Market Influences - The decline in the Hong Kong market was attributed to overall low market sentiment and a collective drop in the Asia-Pacific markets, notably the Nikkei 225 index down 1.56% and the KOSPI index down 2.24%, which negatively impacted both A-shares and H-shares [4] - Anticipation of the Bank of Japan's monetary policy meeting on December 18-19, where a potential interest rate hike from 0.5% to 0.75% is expected, may lead to foreign capital returning to Japan, increasing risk aversion and affecting the Hong Kong market [7] Sector Performance - The market saw widespread declines across various sectors, with notable drops in technology stocks such as Alibaba down nearly 3%, and other major players like Xiaomi, JD.com, and Bilibili down over 2% [7] - Gold stocks also faced declines, with Zijin Mining down over 4%, and other gold companies like Shandong Gold and Lingbao Gold down over 3% [7] Capital Flow - There was a net inflow of southbound funds into Hong Kong stocks, amounting to over 80 million HKD by the end of the trading day [8] Future Outlook - Analysts suggest that the Hong Kong market is at a potential rebound phase, with attractive long-term positioning despite existing risks. The focus remains on the economic fundamentals of China and the inflow of southbound capital [10] - The market is expected to remain volatile until the end of the year, with a consensus on a strong policy opening in the first quarter of the next year, particularly favoring sectors like technology and metals [10]