Broad downturn hits Hang Seng with losses across tech, finance, and commerce sectors
Hong Kong’s stock market witnessed significant declines today, as major indices closed in the red amid global market uncertainties. The Hang Seng Index fell 2.63%, ending at 20,182.22 HKD. The technology-heavy Hang Seng TECH Index also posted a notable drop of 2.51%, closing at 4,551.23 HKD. Meanwhile, the Hang Seng China Enterprises Index, which represents mainland Chinese stocks, saw an even steeper decline of 2.78%, finishing at 7,254.24 HKD.
Financial, energy, and healthcare sectors lead downward trend
Sector-specific indices further illustrate the breadth of today’s market slide. The Hang Seng Composite Index – Financials closed down by 2.58% at 3,521.85 HKD, marking a rough day for finance-related stocks. The energy sector also struggled, with the Hang Seng Composite Index – Energy dropping 2.53% to 10,590.57 HKD. Even the usually resilient healthcare index experienced a decrease of 1.76%, ending at 7,892.55 HKD. Commerce and Industry stocks faced one of the steepest drops, with the HSI – Commerce & Industry Index closing down by 2.71% at 11,415.84 HKD.
Disclaimer: Stock data presented is for informational purposes only and does not constitute financial advice.