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Hong Kong’s stock market faced significant downturns, with the Hang Seng Index dropping 2.63% and widespread losses across sectors like finance, energy, and tech, reflecting investor caution.
Hong Kong's property market has lost $270 billion in value over five years, marking the longest downturn since SARS. With dwindling property values, homeowners are now considering selling at a loss, a scenario once deemed unimaginable.