On the afternoon of October 10, 2025, the principal indices of the Hong Kong stock market underwent a swift and pronounced retreat. The Hang Seng Tech Index took a significant hit, plummeting by more than 3%. Simultaneously, the Hang Seng Index wasn't spared, as it witnessed a 1.8% decline. The technology sector bore the brunt of this downturn, with SMIC's stock value taking a nearly 7% nosedive. Huahong Semiconductor, Baidu, and Kuaishou weren't far behind, all experiencing drops exceeding 5%. Even Alibaba, a heavyweight in the tech arena, saw its stock value dip by close to 5%.
