The Hang Seng Tech Index drops over 4% in a day of widespread pressure in Asian markets. Hong Kong's technology index experienced a significant plunge while the broader Hang Seng Index declined by 2.77%, according to Jin10. The hardest-hit sectors in this correction include gold stocks, optical communications, non-ferrous metals, semiconductors, as well as the construction materials and cement segment, which recorded the largest losses amid this bearish trend affecting multiple business areas.