On March 9, as the Hong Kong stock market commenced trading, the Hang Seng Index witnessed a significant drop of 2.65%, while the Hang Seng Tech Index plummeted by 3.79%. The decline was primarily led by tech and auto stocks. Notably, Baidu's shares plunged by over 6%, with JD Health, Kuaishou, and Bilibili all experiencing a decline exceeding 5%. Additionally, Alibaba, BYD, and NIO saw their shares decline by more than 4%. The semiconductor sector also exhibited sluggish performance, with Hua Hong Semiconductor's shares falling by over 6% and Montage Technology's shares dropping by more than 5%.
