On March 20, 2026, the major indices of Hong Kong stocks extended their losses, with the Hang Seng Tech Index falling over 3% and the Hang Seng Index declining nearly 1.5%. Technology stocks remained weak, with Xiaomi plunging 8%, marking its largest intraday decline since October, Alibaba dropping 7%, XPeng falling over 5%, and SMIC declining nearly 5%.
