[Hong Kong Stock Market Closing] Hang Seng Index drops 518 points to 25,000, regains the 250-day moving average. Alibaba and HSBC fall 3%, Xiaomi rebounds 1% against the trend, China Hongqiao rises 6% (updating continuously)

2026-03-04 10:46:58

【Hang Seng Index / Hang Seng / HSIC / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks fell more than 500 points, briefly breaking below 25,000 points and the 250-day bull-bear boundary (currently around 25,007 points). The Hang Seng Index opened down 298 points, at 25,469 points, and the decline widened immediately after the market opened, with a maximum drop of 809 points in the afternoon, reaching a low of 24,958 points. The closing decline narrowed at the end of the day. The Hang Seng Index ultimately fell 518 points, closing at 25,249 points, regaining the 25,000 and 250-day moving average levels (today around 25,007 points). Turnover increased to HKD 364.3 billion. The Tech Index dropped nearly 1%, at 4,829 points. Alibaba (09988), HSBC (00005), PetroChina (09988) all fell 3%. Xiaomi (01810) rebounded 1% against the trend. China Hongqiao (01378) rose 6%.

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