The Hong Kong stock market saw a significant decline in the technology-heavy Hang Seng TECH Index, which dropped by 2.57% to close at 4,246.20 HKD. The index opened at 4,366.18 HKD and traded within a range of 4,226.58 HKD to 4,400.54 HKD during the session.
The downturn reflects continued pressure on the technology sector, as the index also recorded a 3.04% decline over the past five days and a 6.20% drop over the last month. Despite these short-term losses, the index has posted gains of 9.86% over six months and 11.64% year-to-date. However, on a broader scale, the index remains down by 38.73% over five years and 38.62% from its all-time high.
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