Hong Kong Stock Midday Review: Tech Index Plunges 1.71%, Technology Stocks Under Pressure, Gold Stocks Rebound, CATL Surges

NightAirdropper · 2026-03-21T02:07:06+00:00

Hong Kong stocks' morning session saw the three major indices extend their decline, with heavyweight technology stocks continuing to fall, pressuring the broader market. The Hang Seng Tech Index closed down 1.71% at midday, showing the weakest performance, while the Hang Seng Index and the Hang Seng China Enterprises Index fell 0.63% and 0.95% respectively. Xiaomi and Alibaba led the decline in heavyweight technology stocks with drops of 7% and 5.76% respectively, while AI applications and software stocks also performed weakly, with storage chip stocks mostly trading lower. Meanwhile, spot gold rebounded to $4,730, leading to a rebound in gold stocks, with lithium battery leader CATL surging again, and multiple positive catalysts combining to make Geely Auto the best performer among automobile stocks. (Gelonghui)

NightAirdropper

2026-03-21 02:07:06

Hong Kong stocks continued their decline in the morning session, with major indices falling further. The heavyweight technology stocks continued to decline, putting pressure on the overall market. The Hang Seng Tech Index closed down 1.71% at midday, the weakest performer. The Hang Seng Index and the China Enterprises Index fell 0.63% and 0.95%, respectively. Xiaomi and Alibaba each dropped about 7% and 5.76%, leading the decline among major tech stocks. AI applications and software stocks also performed poorly, with most storage chip stocks declining. Additionally, spot gold rebounded to $4,730 per ounce, and gold stocks finally saw a rebound. Leading lithium battery manufacturer CATL surged again, supported by multiple positive factors. Geely Auto was the strongest performer among auto stocks. (Gelonghui)

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