Mei Ri Jing Ji Xin Wen·2026-02-26 09:57Core Viewpoint - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index dropping by 1.44% and the Hang Seng Tech Index falling by 2.87%, indicating a bearish trend in the market [1]. Market Performance - Over 1,000 stocks on the Hong Kong main board declined, with a net outflow of HKD 7.4 billion from southbound funds [1]. - The Hang Seng Tech Index has seen a cumulative decline of over 20% since its peak on October 2 of the previous year [3]. Key Stock Movements - Major tech stocks experienced notable declines: Alibaba down 3.57%, Baidu down 4.27%, Tencent down 2%, Meituan down 2.72%, JD.com down 2.62%, and Xiaomi down 1.18% [1][3]. - Specific stocks within the tech sector showed significant drops, with XPeng Motors down 5.06%, Hua Hong Semiconductor down 4.82%, and Bilibili down 4.63% [3]. Sector Analysis - The semiconductor sector was one of the few to show gains, with Tensun Intelligent Chip rising over 20% [5][6]. - Other sectors, including construction materials, electrical equipment, and pharmaceuticals, also faced declines, with respective drops of 4.85%, 4.32%, and 4.12% [5].