Hong Kong Stocks Experience Significant Decline

According to Odaily, Hong Kong stocks saw a significant decline today, with both technology and real estate sectors experiencing substantial losses. The Hang Seng Index dropped by more than 4%, while the Hang Seng Tech Index's decline widened to 7%. Among the notable declines, Oriental Selection fell by over 18%, Alibaba Health by more than 15%, and JD Health by over 12%. The real estate sector also faced severe downturns, with major companies such as Shimao Group, CIFI Holdings, Sunac, and R&F Properties all plummeting by over 30%. This widespread decline highlights the volatility and challenges currently facing the Hong Kong stock market.