Hong Kong Stock Midday Review: Hang Seng Index closed down 10.7%, southbound funds bottom-fished 15 billion

According to Jinshi Data on April 7th, Hong Kong stocks opened lower, with the Hang Seng Index dropping over 2000 points and the Tech Index falling over 11%. By midday, the Hang Seng Index closed down 10.7% at 20,405.96 points; the Tech Index closed down 13.95% at 4,571.89 points. On the market, the agricultural products sector and rare earth concept stocks rose against the trend; Apple concept stocks led the decline, and pharmaceutical stocks fell. In terms of individual stocks, WuXi Biologics (02269.HK) fell nearly 23%, Lenovo Group (00992.HK) dropped nearly 20%, BYD ELECTRONIC (00285.HK) fell 18.6%, Bilibili (09626.HK) dropped nearly 17%, Alibaba (09988.HK), Li Auto (02015.HK), and BYD Company (01211.HK) fell over 14%, while Tencent (00700.HK) dropped 10.8%. Southbound funds were bottom-fishing, with a net buying amount exceeding HKD 15 billion in half a day