Hong Kong Stock Market Falls 294 Points as Tech Stocks Lead Decline

HK50-1.18%
TENCENT-6.28%
Hong Kong's Hang Seng Index fell 294 points today, closing at 24,955 points, down 0.7%, after declining 10 points in the previous session. The index broke below the 25,000 level at market open and extended losses amid selling pressure in large-cap technology stocks. The Hang Seng Tech Index dropped 2.09% to 4,714 points. Major tech stocks declined, with Tencent falling 4.9% to 450.6 HKD and NetEase dropping 5.5% to 196.9 HKD.
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