Core Viewpoint - The Hang Seng Technology Index has experienced significant declines, with a drop of over 1,000 points in just over a month, indicating a bearish trend in the Hong Kong stock market [1][2] Group 1: Market Performance - The Hang Seng Technology Index fell to 5,651 points, with the Hang Seng Index dipping below the critical support level of 25,500 points [1] - Trading volume has been low, with transactions falling below 2,500 million HKD on November 3 and 4 [1] - Historical data suggests that the indices often experience technical rebounds when approaching the 100-day moving average levels [1] Group 2: Future Outlook - Analysts believe that the adjustment phase of the Hong Kong stock market may be nearing its end, with expectations of a continued volatile market [1] - The performance of major technology companies' Q3 reports in mid to late November will be crucial for market recovery [2] - External factors such as the execution of the US-China trade agreement and developments in tariffs and port service fees will influence market sentiment [2] - There is a strong motivation among institutions to boost positions and lock in performance before year-end, which could support the indices [2]