Hong Kong Hang Seng Index closed down 3.54% Hang Seng Tech Index down 3.28%

2026-03-24 21:27:16

What are the risk-avoidance logic changes behind the sharp decline in AI and gold stocks?

Caixin, March 23 — The Hong Kong Hang Seng Index closed down 3.54%, and the Hang Seng Tech Index fell 3.28%. Gold stocks plummeted, with Chifeng Gold dropping over 25%, Lingbao Gold down more than 12%, Zhufeng Gold down over 11%, and Laopu Gold down over 8%. Semiconductor stocks weakened, with GigaDevice falling over 7%, Fudan Shanghai Semiconductor dropping more than 6%, Huahong Semiconductor down over 5%, and SMIC nearly 5% lower. Major tech stocks also declined, with Baidu down over 5%, JD.com, Xiaomi, and Alibaba all falling more than 3%.

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