On June 8, as the Hong Kong stock market drew to a close, the Hang Seng Index experienced a downturn, decreasing by 1.22% to settle at 24,657.06 points. Concurrently, the Hang Seng Tech Index also witnessed a decline, dropping by 2.71% to finish at 4,755.91 points. The majority of technology stocks exhibited a downward trend, with Baidu Group plummeting by over 7%, Meituan seeing a more than 4% decrease, and Alibaba's shares declining by nearly 3%. Similarly, most chip stocks also took a hit, with Shanghai Fudan's shares falling by more than 6%, Hua Hong Semiconductor's shares dropping by over 5%, SMIC's shares declining by more than 4%, and GigaDevice's shares falling by nearly 4%.
