Hong Kong Stock Midday Review: The Hang Seng Index fell over 500 points in the morning, dropping below the 24,000 mark, with Alibaba showing significant selling pressure, down over 4%

According to Jin10 data on March 10, the Hang Seng Index opened more than 100 points lower this morning but briefly rebounded into positive territory, before continuing to decline, dropping over 500 points to a low of 23704.42. The Hang Seng Tech Index also trended downward this morning, at one point falling over 3%. As of the midday close, the Hang Seng Index fell by 2.11%, closing at 23720.40 points, while the Tech Index fell by 2.98%, closing at 5857.46 points, with a total market turnover of HKD 177.901 billion. On the market, the robotics concept and AI medical concept stocks performed well against the trend, while tech stocks and chip stocks showed weakness. In terms of individual stocks, JLMAG (06680.HK) rose by 7.84%, Alibaba Health (00241.HK) rose by 1.45%, Alibaba (09988.HK) fell by 4%, and SMIC (00981.HK) fell by 5.59%