Market Overview - The Hang Seng Index closed at 25,906.65 points, down 1.43% for the day and up 29.15% year-to-date[5] - The total trading volume was HKD 257.612 billion, a decrease of 27.2% from the previous day[7] - The technology index fell by 2.37%, while the financial index decreased by 0.30%[5] Stock Performance - Alibaba (9988.HK) dropped by 4.1%, Xiaomi (1810.HK) fell by 2.2%, and Kuaishou (1024.HK) decreased by 3.1%[7] - Pharmaceutical stocks rebounded, with Sanofi (1530.HK) rising by 11.3% and Innovent Biologics (1801.HK) increasing by 7.8%[7] Economic Indicators - The U.S. stock market showed signs of stabilization, with the Dow Jones up 0.09% and the Nasdaq rising by 0.61%[7] - The U.S. plans to attack military targets in Venezuela, leading to a 0.68% increase in New York crude oil prices, closing at USD 60.98 per barrel[7] Company News - Penske (2469.HK) announced the purchase of 800,000 shares at an average price of HKD 2.796, totaling approximately HKD 2.23688 million[7] - New World Development (17.HK) proposed to replace part of its bonds, potentially issuing up to USD 1.9 billion (approximately HKD 14.82 billion) in new perpetual bonds[7] Technical Analysis - The Hang Seng Index has broken through the short-term support level of 26,200 points, indicating potential volatility in the near term[10] - Short-term support levels to watch are between 25,000 and 25,100 points[10]