The three major indices of the Hong Kong stock market fell collectively near midday trading. The Hang Seng Index and the State-owned Enterprises Index fell 1.1% and 1.15% respectively. The Hang Seng Index fell nearly 300 points and lost 26,000 points. The Hang Seng Technology Index fell 0.24% and rose to 0.8% in the intraday session. The performance of large technology stocks was generally sluggish, while Baidu bucked the trend and surged 3.5%. Chinese brokerage stocks and insurance stocks, which were affected by positive news from the industry, maintained their gains. Furthermore, non-ferrous metal stocks such as copper, aluminum, and gold are collectively weak, and the weight of petroleum stocks and bank stocks is falling, putting pressure on the market.

The three major indices of the Hong Kong stock market fell collectively near midday trading. The Hang Seng Index and the State-owned Enterprises Index fell 1.1% and 1.15% respectively. The Hang Seng Index fell nearly 300 points and lost 26,000 points. The Hang Seng Technology Index fell 0.24% and rose to 0.8% in the intraday session. The performance of large technology stocks was generally sluggish, while Baidu bucked the trend and surged 3.5%. Chinese brokerage stocks and insurance stocks, which were affected by positive news from the industry, maintained their gains. Furthermore, non-ferrous metal stocks such as copper, aluminum, and gold are collectively weak, and the weight of petroleum stocks and bank stocks is falling, putting pressure on the market.