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Hang Seng Index Falls 0.51% to 23,496.89 Points on July 7, Tech Sector Weakness Drags Markets

2026-07-07 10:51:06

HK50-0.38%

KUAISHOU-11.66%

BABA-1.32%

According to MoneyDj, Hong Kong's Hang Seng Index fell 119.43 points or 0.51% to close at 23,496.89 on July 7, while the Hang Seng Tech Index dropped 34.19 points or 0.75% to 4,507.04. Tech stocks led the decline, with Kuaishou plunging over 12% following Tencent's stake reduction, weakening overall sentiment in the sector. Despite early gains from Tencent, Alibaba, and Meituan, the index faced selling pressure after touching the monthly line in afternoon trading.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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