Core Points - The Hong Kong stock market experienced a significant decline, with the Hang Seng Technology Index dropping by 4.05% to close at 5760 points, the Hang Seng Index falling by 2.48% to 25247 points, and the National Enterprises Index decreasing by 2.67%, barely holding above the 9000-point mark [1][3] Group 1: Market Performance - The three major indices in Hong Kong reached recent adjustment lows due to a collective downturn in large technology stocks, major financial stocks (banks, insurance, securities), and state-owned enterprises [1][3] - Notable declines included Meituan and Alibaba, both dropping over 4%, while Xinhua Insurance fell by 7.16%, GF Securities by nearly 7%, and Industrial and Commercial Bank of China by 1.2% [3] Group 2: Sector Performance - Various sectors faced declines, including semiconductor stocks, Apple-related stocks, military industry stocks, automotive stocks, nuclear power stocks, lithium battery stocks, high-speed rail infrastructure stocks, coal stocks, and domestic real estate stocks [3] - Conversely, retail stocks and gold and silver jewelry stocks saw gains, with Chow Tai Fook rising by 5% after announcing its third price increase of the year, and Lao Pu Gold increasing by over 3% [3] Group 3: Notable Stock Movements - Biopharmaceutical stocks showed strength, with Yaojie Ankang surging over 22% after a previous increase of over 46%, and Xuan Zhu Biotechnology reaching a new high with a 16.9% rise on its third day of listing [3]

Market Performance - The Hong Kong stock market experienced a significant decline, with the Hang Seng Technology Index dropping by 4.05% to close at 5760 points, while the Hang Seng Index fell by 2.48% to 25247 points, and the National Enterprises Index decreased by 2.67%, barely holding above the 9000-point mark [1] Sector Performance - Major sectors such as large technology stocks, financial stocks (including banks, insurance, and brokerages), and state-owned enterprises collectively contributed to the market downturn. Notable declines included Meituan and Alibaba, both down over 4%, and Xinhua Insurance dropping by 7.16%. Additionally, GF Securities fell nearly 7%, and Industrial and Commercial Bank of China decreased by 1.2% [1] - Other sectors such as semiconductors, Apple-related stocks, military industry stocks, automotive stocks, nuclear power stocks, lithium battery stocks, high-speed rail infrastructure stocks, coal stocks, and domestic real estate stocks also experienced declines [1] Gold and Retail Stocks - In contrast, retail stocks and gold and silver jewelry stocks saw gains, with Chow Tai Fook rising by 5% after announcing its third price increase of the year. Lao Pu Gold surged over 3%, and luxury goods stock Prada increased by over 2% [1] - The biopharmaceutical sector showed strength, with Jiayuan Health surging over 22% after a previous increase of over 46%, and Xuan Bamboo Biotechnology reaching a new high with a 16.9% rise on its third day of trading [1]